RENO, Nev., June 12, 2025 (GLOBE NEWSWIRE) -- GreetEat Corporation (OTC: GEAT) is proud to announce that it has officially filed a patent application for its innovative core technology: “Video Conferencing with Food Delivery Vouchers.” The company is now patent pending, marking a major milestone in its mission to transform the way people meet, connect, and collaborate in virtual environments. This proprietary technology combines two high-growth sectors video conferencing and on-demand food delivery into a u ...

Ronald Keung, CFA China Internet & Restaurants: Food delivery expert session takeaways: Focusing on evolving competitive landscape and implications to unit 12 June 2025 | 2:01AM HKT As part of the expert channel-check calls arranged alongside China Consumer team's APAC Consumer & Leisure Corporate Day, we hosted an expert session on food delivery with investors on June 11, where we invited Mr. Shi, CEO & Founder at Yuzhibo Information Technology. Key topics discussed include 1) Enlarged on-demand consumptio ...

Core Insights - DoorDash is acquiring advertising technology company Symbiosys for $175 million, enhancing its advertising capabilities and revenue generation [1][2] - The acquisition is part of DoorDash's strategy to expand its ad business, which currently generates over $1 billion annually [2][4] - The deal will allow DoorDash to offer advertisers, including over 150,000 restaurants and brands, a comprehensive way to manage their advertising across various platforms [4][5] Company Strategy - DoorDash aims to build the future of local commerce advertising by integrating AI-powered tools and expanding product capabilities through the acquisition of Symbiosys [3] - The company is also enhancing its advertising offerings with new features such as AI tooling for campaign management and sponsored brand enhancements [5] - This acquisition follows DoorDash's recent purchases of hospitality tech company SevenRooms and U.K.-based Deliveroo, indicating a broader strategy to strengthen its commerce platform [5][6] Market Position - The acquisition of Deliveroo, which operates in over 30 countries and serves 42 million monthly active users, is expected to bolster DoorDash's position in global commerce [8][9] - DoorDash's combined operations with Deliveroo will cover more than 40 countries, reaching a population of over 1 billion people, thereby providing local businesses with essential tools and technology [9]

据艾瑞最新数据，京东外卖日均订单量已突破2500万单，占据全国外卖市场超31%的份额，在品质外卖 细分领域约有45%的市场占有率，与美团、饿了么共同构建起"三足鼎立"的行业新格局。另据艾瑞咨 询，目前中国外卖市场日均订单量达8000-9000万单。 ...

Core Insights - Uber Technologies has partnered with Five Below to allow customers to use the Uber Eats app for delivery from over 1,500 stores, enhancing customer convenience and expanding Uber Eats' offerings beyond food [1][3]. Group 1: Partnership and Strategy - The partnership enables customers to access a variety of budget-friendly items, including toys, games, and beauty products, with no delivery fee for Uber One loyalty program members [2]. - This collaboration aligns with Uber Eats' strategy to diversify its non-food retail offerings and enhance digital commerce for retailers [3]. Group 2: Financial Performance - Uber has shown impressive stock performance, with a year-to-date gain of 40.4%, outperforming the S&P 500 index and rival Lyft [4][8]. - The company has consistently surpassed earnings estimates, with an average beat of 212.3% over the last four quarters [7]. Group 3: Market Opportunities - Uber is focusing on the robotaxi market, which is projected to grow from $0.4 billion in 2023 to $45.7 billion by 2030, indicating a compound annual growth rate (CAGR) of 91.8% from 2025 to 2030 [9]. - The company has diversified its business model beyond ridesharing into food delivery and freight, which is crucial for risk reduction [10]. Group 4: Financial Strategy - In 2024, Uber generated a record $6.9 billion in free cash flow and announced a $1.5 billion accelerated stock buyback program, reflecting confidence in its business strategy [11]. - However, Uber's long-term debt has increased by 45.6% to $8.3 billion at the end of 2024 compared to 2019, raising concerns about its financial leverage [12]. Group 5: Valuation Concerns - Uber's current valuation is considered stretched, with a price-to-earnings ratio of 26.92X, significantly higher than the industry average of 17.97X [14].

RENO, Nev., June 03, 2025 (GLOBE NEWSWIRE) -- GreetEat Corp. (OTC: GEAT), the company revolutionizing how people connect over food through its integrated virtual dining and delivery platform, today released a shareholder letter from CEO Vishal Patel outlining the company’s strategic vision and growth priorities for the remainder of 2025. As GreetEat enters the second half of the year, the company is shifting into full execution mode, following a focused period of technological investment, strategic alignmen ...

Uber said Monday that Pierre-Dimitri Gore-Coty, one of the company's longest-tenured top executives and the head of is delivery business is leaving after almost 13 years.Gore-Coty joined Uber as a general manager in France in 2012, and worked his way up to become vice president of mobility for the Europe and Middle East region four years later, according to his LinkedIn profile. He was named senior vice president of delivery in 2021."It's hard to imagine Uber without Pierre, because there hasn't been much U ...

In this articleDASHTony Xu, co-founder and CEO of DoorDash Inc., smiles during the Wall Street Journal Tech Live conference in Laguna Beach, California, on Oct. 22, 2019.Martina Albertazzi | Bloomberg | Getty ImagesDuring the depths of the Covid pandemic, with restaurants around the country facing an existential crisis, DoorDash CEO Tony Xu had an unconventional proposal. He wanted to cut commissions.Chief Business Officer Keith Yandell worried that such a move would result in a massive hit to profits ahead ...

Investment Rating - The report assigns a "Buy" rating to Meituan with a 12-month price target of HK$172, indicating an upside potential of 30.9% from the current price of HK$131.40 [13]. Core Insights - Meituan is focused on defending its leadership in the food delivery market while expanding its Instashopping and Keeta initiatives internationally. The company anticipates a stabilization in the competitive landscape as subsidy levels rationalize over time [7][11]. - The report forecasts a 9% growth in order volume for Q2 2025 and an 8% growth for FY 2025, driven by industry-wide subsidies, although it expects a significant decline in food delivery EBIT due to increased user subsidies [7]. - Instashopping is projected to achieve a 27% growth in order volume for Q2 2025, with a long-term outlook of becoming a key driver for on-demand growth and local commerce profits [7]. - Keeta's expansion is gaining momentum, particularly in Saudi Arabia, with plans to enter Brazil contingent on infrastructure development. The report anticipates losses for Keeta but improving unit economics [7][11]. Summary by Sections Food Delivery Market - Meituan aims to maintain its GTV market share leadership by focusing on core user retention and diverse meal offerings. The company expects a 33% decline in food delivery EBIT for 2025 due to increased subsidies [7]. - The average daily order volume for food delivery is projected to grow from 70 million in 2024 to 77 million in 2025, with a slight decline in average order value [10]. Instashopping Growth - Instashopping is expected to see strong growth, with a projected GTV of Rmb 344 billion by 2025, reflecting a 24% year-on-year increase. The average daily order volume is anticipated to rise to 12.1 million [10]. - The report highlights that Instashopping's profitability is improving, with a small operating loss expected in Q2 2025 due to investments in marketing for shopping festivals [7]. Keeta Expansion - Keeta is experiencing strong growth in Saudi Arabia, with future expansion into Brazil dependent on infrastructure readiness. The report forecasts a loss of Rmb 10.4 billion for FY 2025 primarily due to Keeta's increased losses [7][11]. Financial Projections - Group revenue is projected to grow from Rmb 337.6 billion in 2024 to Rmb 382.5 billion in 2025, with a gross profit margin expected to stabilize around 38.4% [10]. - The report estimates adjusted EBIT for 2025 to be Rmb 30.5 billion, reflecting a decline from the previous year due to increased investments and subsidies [10].

Core Insights - Meituan reported 1Q25 revenue of RMB86.6 billion, an 18% year-over-year increase, exceeding both internal forecasts and Bloomberg consensus estimates by 1% [1] - Adjusted net profit reached RMB10.9 billion, up 46% year-over-year, and was 12-13% higher than forecasts [1] - The core local commerce (CLC) segment generated RMB64.3 billion in revenue and RMB13.5 billion in operating profit, reflecting 18% and 39% year-over-year growth, respectively [2] Financial Performance - The operating profit for the CLC segment was 10% better than consensus estimates, primarily driven by the food delivery (FD) business due to user subsidy optimization [1] - Revenue from new initiatives was RMB22.2 billion, up 19% year-over-year, with an operating loss of RMB2.3 billion, which narrowed from RMB2.8 billion in 1Q24 [3] - The company expects solid revenue and earnings growth in the in-store hotel & travel (ISHT) segment to mitigate investment impacts in the short term [2] Strategic Initiatives - Meituan is actively responding to increasing competition in the food delivery and instant retail markets, aiming to maintain market share [2] - The company is committed to investing in international expansion to drive long-term revenue and earnings growth [1] - For 2Q25, revenue for new initiatives is estimated to grow by 21.5% year-over-year, driven by grocery retail and overseas FD business [3] Forecast Adjustments - Revenue and adjusted net profit forecasts for 2025-2027 have been lowered by 1-2% and 11-21%, respectively, to account for additional investments in the FD business and overseas expansion [1] - The DCF-based target price was reduced by 9% to HK$181.6, translating into a 25x 2025E adjusted PE [1]