27 May 2025 | 7:28AM HKT The 720: Meituan, Varun Beverages, BYD, TDK, Trip.com, Mitsui Fudosan In Focus | Meituan Meituan - 1Q25 review: Solid 1Q profit beat; Aggressively defending leadership – Buy. We expect a mixed reaction to Meituan's solid 1Q beat despite stronger-than-expected 1Q core local commerce profits (our first take) due to the step-up in food delivery competitive landscape since 2Q that has driven elevated food delivery subsidies (especially since May for Meituan) with substantial impact on M ...

Group 1 - DoorDash plans to offer and sell $2 billion of convertible senior notes to enhance strategic flexibility, with proceeds aimed at funding convertible note hedge transactions and general corporate purposes, including potential acquisitions and share repurchases [1] - The company announced its intention to acquire hospitality tech company SevenRooms and local commerce platform provider Deliveroo, which will expand its commerce platform capabilities [2][4] - The acquisition of Deliveroo, which operates in over 30 countries and serves 42 million monthly active users, will strengthen DoorDash's position in global commerce and add local expertise to its operations [4][5] Group 2 - DoorDash aims to cover more than 40 countries with a combined population exceeding 1 billion, providing local businesses with essential tools and technology [5] - The company reported new quarterly records for total orders, marketplace gross order value, revenue, and GAAP net income in its first-quarter earnings results [5][6] - DoorDash is focused on expanding the quality and breadth of its product offerings and improving execution to drive long-term value for consumers, merchants, Dashers, and shareholders [6]

今年以来，京东高调入局外卖，一场席卷全国的外卖大战，烽烟再起，搅动着用户和行业。 但很快，我们注意到，各地近期出现了一波监管约谈行动。比如，5月22日由四川天府新区发起的约谈会上，新区市场监管局通报了前期网络餐饮食品安 全专项检查情况，以及「京东外卖」平台存在的部分商家在平台公示的经营场所图片与线下门店实际不符、部分商家超范围经营、部分商家存在低价低质 竞争扰乱市场秩序等问题，要求严肃整改现有问题，加强自查自纠，做到立查立改。 同一天，云南省蒙自市市场监督管理局针对外卖行业竞争中存在的突出问题，对云南京邦达物流科技有限公司蒙自分公司 (京东外卖代理商）进行了行政 约谈。要求新进入的平台，需严格商户资质准入审查，确保入网商户证照齐全、真实有效，要避免「内卷式」竞争。 就从这两天开始，央视、人民日报、经济日报三大央媒纷纷刊文，呼吁对「外卖大战」中出现的「内卷竞争」及时治理。譬如要健全常态化监管机制，及 时叫停、有效防范「内卷」； 遵循商业底线，拒绝低价内卷和营销炒作，发挥就业「蓄水池」作用，确保行业在规范轨道上运行。 央视发表相关评论 从高层面来看，已有一些脉络可循。5月13日市场监管总局会同中央社会工作部、中央 ...

而早在一年前，Keeta就登上了香港外卖市场的头把交椅，彼时市占率已经达到43%。这个时候乘胜扩 张，也更加顺其自然。 在Deliveroo退出香港市场前，三个平台一同接单是大部分香港餐饮商家的常态。 当然，每一个地区都是一个迥异的市场，包括当地的外卖消费习惯、价格敏感度、对外资平台的接受度 等， 美团从香港市场提炼的方法论能有多少复制到其他地区还有待验证。以及，Deliveroo退出香港后 被美国外卖平台DoorDash收购，意味着全球外卖市场正在进一步整合。长远来看，美团未来的出海面 临的可能是更强劲的对手。 文 | 窄播，作者 | Nancy、Tuna 应对国内外卖竞争之余，美团外卖在海外也迎来了新节点。 上周，美团宣布未来几个月将正式把海外版外卖平台Keeta引入巴西，并在未来5年内在巴西投资10亿美 元来支持该项目。据雷锋网，Keeta负责人仇广宇还从沙特转移到巴西办公。美团外卖出海继香港、沙 特之后的第三站，就要启动。 Keeta加速扩张此前已有迹象。去年9月上线沙特首站后，Keeta进入了多个核心城市，有报道称其在沙 特已经做到20%的市场份额，计划今年底覆盖所有核心城市，并在未来三年内将当地经 ...

Investment Rating - The report does not explicitly state an investment rating for the industry or specific companies within it. Core Insights - Delivery Hero's Baemin is launching a bundled offering with the OTT platform Tving, enhancing its value proposition into a broader lifestyle platform [3] - The Baemin Club, which includes unlimited free food delivery and grocery discount coupons, is being expanded to include Tving for an additional fee, positioning Baemin competitively against Coupang's Wow Membership [3] - Coupang Eats has seen significant growth, with monthly active users (MAUs) reaching 10.44 million in April 2025, up from 3.2 million a year ago, while Coupang Play reached 6.82 million MAUs [3] - By integrating Tving and pursuing further content and commerce partnerships, Baemin aims to create a compelling and cost-effective ecosystem for its subscribers [3] Summary by Sections Delivery Hero and Baemin - Baemin is set to roll out the Baemin Club-Tving bundle on June 2, allowing users to access Tving for an additional W3,500/month on top of the Baemin Club fee [3] - The Baemin Club was launched in September 2024 and already offers benefits like unlimited free food delivery and grocery discount coupons [3] Competitive Landscape - Coupang's Wow Membership, priced at W7,890/month, is gaining traction with bundled access to Coupang Play and Eats delivery, featuring exclusive content like HBO and Premier League [3] - The competitive dynamics are highlighted by the significant growth in Coupang Eats MAUs, indicating a strong market presence [3] Strategic Positioning - Baemin's strategy to integrate Tving and enhance its subscription model reflects a shift towards a more comprehensive lifestyle offering, aiming to attract and retain customers in a competitive market [3]

The quarterly 13F filing season is a goldmine for investors looking to uncover what some of the world’s top hedge funds and institutional managers are buying and selling. Filed with the SEC within 45 days after each quarter’s end, these disclosures provide a glimpse into the minds of elite investors managing more than $100 million, including big names like Warren Buffett, David Tepper, and Stanley Druckenmiller. While not every move is worth following mindlessly, the filings often uncover compelling opportu ...

Warren Buffett took control of Berkshire Hathaway in 1965 and turned the textile mill into a holding company. He promptly diversified into insurance to create a steady stream of investable cash in the form of premium payments. Buffett used that capital to buy stocks and acquire businesses, turning Berkshire into a trillion-dollar company in the process. Billionaire Bill Ackman wants to recreate that success with Howard Hughes Holdings. His hedge fund had $1.4 billion invested in the stock as of March, and A ...

LOS ANGELES, May 19, 2025 /PRNewswire/ -- Today at the National Restaurant Association Show in Chicago, DoorDash announced the launch of its Preferred Integrations Partner Program and named Otter as one of the program's inaugural partners. This certification highlights Otter's best-in-class DoorDash integration, offering restaurants rich features and secure and stable performance. Built to help restaurants streamline operations, Otter's integration improves delivery performance, and helps grow revenue and e ...

At the recent “China-Brazil Business Seminar”, Meituan ( OTCPK:MPNGF ) announced that it plans to launch its overseas delivery platform, Keeta, in Brazil and pledges $1bn in investment in the next five years. This will be Keeta’s third ex-ChinaAstrada Advisors delivers actionable recommendations that enhance portfolio performance and uncover alpha opportunities, supported by a strong track record in investment research at leading global investment banks. With expertise spanning technology, media, internet, ...

作为一名失业的软件工程师，过去一年投递量即将突破 800 份，此时的我已不感到惊讶或失望。 DoorDash 是一家美国知名的在线外卖配送平台，成立于 2013 年，总部位于加利福尼亚州旧金山。 身为有房者却住在小拖车里，这有点奇怪。事实上，我有 3 套房：一套位于纽约州北部铁锈地带大学城的翻新起步房，还有一片美丽的偏远乡村土地，上面有两间 简陋的小木屋，距离城里的房子 1 小时车程。对于一个有工作的专业人士来说，供养这些房产总体上还算容易——所有房产的月供加起来，比加州湾区一套体面的 一居室或两居室公寓租金还低。 起初，我几乎没花什么钱就买下这些房产。城里房子的一位室友每月租金足以覆盖房贷，小木屋的一位租客承担了乡村房产的大部分房贷，我残疾单身母亲微薄的 政府补助刚好够支付剩余部分。 为了照顾家人并通过房地产积累长期资产，我舍弃了西海岸的一切——我认识和爱的所有人。西海岸早已不存在这样的机会，而且已经超过 15 年了。 凭借全职工程师工作带来的约 15 万美元年薪（这是我 20 年里一步步稳步打拼来的），我勉强能覆盖所有开支、维护费用，以及为房产长期规划的翻新工程，还能 保养开了 16 年的日常代步车，每年 ...