Group 1 - The core viewpoint of the article highlights that Fliggy achieved record-breaking sales during the "Double 11" global travel festival, with a 30% year-on-year increase in overall GMV (Gross Merchandise Volume) [1] - The number of trading users on the platform increased by over 20% year-on-year, with 88VIP trading users growing by approximately 30%, contributing to over 70% of the sales from top merchants [1] - The number of merchants with GMV exceeding 10 million yuan increased by about 30% year-on-year, with travel agency merchants seeing a significant growth of 160% [1] Group 2 - The official live streaming matrix of Fliggy led to a nearly 70% year-on-year increase in GMV for promotional products, with the number of products achieving over 10 million yuan in GMV doubling compared to the previous year [2] - Consumers placed orders for over 6 million promotional products, including nearly 1 million flight tickets and around 3 million hotel packages, reflecting substantial growth [2] - The introduction of inbound travel into the "Double 11" event resulted in a remarkable performance, with GMV for inbound travel products increasing by over 4 times compared to the peak travel season earlier in the year [2]

香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司 對 本 公 告 的 內 容 概 不 負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部 或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Be Friends Holding Limited （根據開曼群島法律註冊成立的有限公司） （股份代號：1450） 自願公告 2025年第三季度商品交易總額 本公告乃由交個朋友控股有限公司（「本公司」）自願作出，以告知本公司股東及潛 在投資者本公司及其子公司（「本集團」）業務最新進展。 2025 年 第 三 季 度 ， 本 集 團 合 計 完 成 商 品 交 易 總 額 (GMV ) 約 人 民 幣 25.5 億 元 ， 較 2024 年 第 三 季 度 下 降 約 12.07 % ； 2025 年 前 三 季 度 累 計 完 成 GMV 約 人 民 幣 95.3 億 元，較2024年前三季度增長約7.56 %。 本集團為中國領先的全媒體服務提供商，主要為新媒體平台、行業客戶、廣播機 構 等 提 供 全 案 視 頻 應 用 服 務 ， ...

Group 1 - The core viewpoint is that Meituan is optimistic about the long-term growth potential of Keeta, aiming for a GMV of $100 billion within 10 years, starting from May 2023 [1] Group 2 - Meituan's CEO Wang Xing stated that the company is conducting preliminary research on the Brazilian market, with a small team already in place to prepare for entry [3] - The company is optimistic about the potential of the Brazilian market, which is one of the top five markets globally in terms of GMV for food delivery, but acknowledges the complex competitive landscape [3] - Meituan plans to expand its team gradually and will not rush into the market until thorough research and a quality team are established [3]

Core Insights - Meituan's CEO expressed optimism about the potential of the Brazilian market, highlighting its position as one of the top five global markets in terms of gross merchandise volume (GMV) for food delivery [1] - The company is conducting preliminary research in Brazil and has established a small local team to prepare for market entry, emphasizing a cautious approach due to the complex competitive landscape [1] - Meituan has set an ambitious long-term goal for its subsidiary Keeta, aiming to achieve a GMV of $100 billion within ten years, starting from May 2023 [1]

Group 1 - Amazon's stock price has remained relatively stagnant this year, with a year-to-date increase of only 0.4%, significantly lagging behind the S&P 500 index's 5.7% gain [2] - Truist Securities analyst Youssef Squali raised Amazon's target price from $226 to $250, indicating approximately a 13% upside potential from the closing price of $220.46 [1] - Squali maintains a "buy" rating, citing expectations that Amazon's Q2 performance will exceed market expectations due to strong North American consumer demand, which has been largely unaffected by macroeconomic factors or tariffs [1][2] Group 2 - Amazon is set to report its Q2 earnings around July 31, with the market closely watching for optimistic guidance that could open up stock price upside [2] - The company will hold its annual summer Prime Day promotional event from July 8 to 11, which is expected to significantly boost sales, with a projected gross merchandise volume (GMV) of $21.4 billion, a year-over-year increase of approximately 60% [2] - Analyst Justin Post from Bank of America also gives Amazon a "buy" rating with a target price of $248, closely aligning with Truist's forecast [3]