Core Insights - Super League has announced a collaboration with ES3, AdArcade, and Meta-Stadium's TasteViral platform to enhance customer engagement for quick-service restaurant (QSR) and food delivery brands through interactive media and gamified content [1][7][10] Group 1: Collaboration and Offerings - The collaboration aims to create captivating short-form content from TikTok creators, shoppable recipes using generative AI, and measurable calls-to-action within mobile video and connected television (CTV) advertising [2][5] - The TasteViral platform will utilize creator-led food content to drive consumer engagement and purchases, leveraging real-time trend intelligence and proprietary algorithms to match brands with suitable creators and recipes [7][15] Group 2: Market Potential and Consumer Engagement - The QSR market is valued at approximately $447 billion in the U.S. and is projected to grow to $732 billion by 2030, while the online food delivery market is expected to increase from $53 billion in 2024 to $93 billion by 2030 [11] - According to Newzoo's Global Gamer Study, 85% of consumers engage with games, indicating a significant opportunity for gamified content to outperform traditional advertising methods [4][5] Group 3: Technology and Advertising Performance - The INGAGE interactive ad platform by ES3 achieves an average of 20 minutes of consumer activity and click-through rates of up to 70%, showcasing the effectiveness of interactive advertising [8] - Native playable ads powered by AdArcade have click-through rates that are six times higher than standard ads, demonstrating the potential for enhanced consumer engagement through gamified advertising [9][19]

Leadership Change - Just Eat founder Jitse Groen will resign as CEO [1] - An executive from Prosus, the new owner, will succeed Jitse Groen as CEO [1]

Food deliverer Swiggy Ltd. is preparing to raise as much as ₹10,000 crore ($1.1 billion) from institutional investors as early as next week, according to people familiar with the matter.The company has shortlisted three banks to manage the share sale — the Indian units of Citigroup Inc. and JPMorgan Chase & Co., as well as Kotak Mahindra Capital Co. — the people said, asking not to be identified because the information is private.Swiggy’s board approved plans on November 7 to raise up to 100 billion rupees ...

The company has shortlisted three banks to manage the share sale — the Indian units of Citigroup Inc. and JPMorgan Chase & Co., as well as Swiggy’s board approved plans on Nov. 7 to raise up to Rs 10,000 crore through a qualified institutional placement, subject to shareholder and regulatory approval. The timing and size of the deal could still change, the people said. Swiggy, Citigroup, JPMorgan, and Kotak Mahindra didn’t immediately respond to requests for comment. as a Reliable and Trusted News SourceAd ...

Indian food deliverer Swiggy is preparing to raise as much as $1.1 billion from investors as early as next week https://t.co/WHHG620m3v ...

Market Overview - U.S. equity markets are mixed as of December 1st, 2025, with investors reacting to concerns over tech valuations, cryptocurrency volatility, and upcoming economic data [1] - Major indexes initially faced losses but showed resilience in afternoon trading [1] Major Market Indexes Performance - S&P 500 (SPX) is up 36.48 points (+0.54%) at 6,849.09 [2] - Nasdaq Composite (IXIC) has gained 151.00 points (+0.65%) to 23,365.69 [2] - Dow Jones Industrial Average (DJI) leads with an increase of 289.30 points (+0.61%) to 47,716.42 [2] Sector Performance - Energy sector is strong, up +1.06%, followed by Consumer Discretionary (+0.48%) and Materials (+0.45%) [4] - Technology stocks are gaining +0.13%, indicating a potential broadening of market strength [4] - Utilities (-2.08%), Real Estate (-1.08%), and Health Care (-1.03%) are lagging [5] Key Company News & Stock Movements - Nvidia (NVDA) shares are up 1.6% after announcing a $2 billion investment in Synopsys (SNPS), which saw its shares surge by approximately 4% [6] - Tesla (TSLA) is facing a slump in sales in European markets, while Airbus (AIR) shares fell over 6% due to quality issues [7] - Cryptocurrency-related stocks like Coinbase Global (COIN) and Robinhood Markets (HOOD) are down about 6% and 5%, respectively, as Bitcoin prices drop [8] Upcoming Market Catalysts - The Federal Reserve's FOMC meeting on December 9th and 10th is anticipated to result in a 0.25% interest rate cut, with an 88% probability according to the CME FedWatch Tool [11] - Key economic data releases include ISM Manufacturing PMI and S&P Global Manufacturing PMI, with Fed Chair Jerome Powell's speech being closely monitored [12] - Upcoming corporate earnings reports include Marvell Technology (MRVL) and CrowdStrike (CRWD) on December 2nd, and Salesforce (CRM) and Snowflake (SNOW) on December 3rd [14]

Company Overview - DoorDash was founded in 2013 by Tony Xu and three fellow Stanford students and has become the clear market leader in the U.S. restaurant delivery sector, controlling approximately 60% of the market, which is more than double that of its closest competitor, Uber Eats [1][2]. Business Strategy - The company is expanding into new retail categories and geographies, utilizing in-house mapping technology to optimize delivery logistics, which provides a competitive edge in the delivery-app market [3]. - DoorDash aims to build a comprehensive catalog of the physical world, leveraging data that is not available on platforms like Google Maps or ChatGPT [4]. Leadership and Innovation - Tony Xu's leadership style is gaining attention from peers in the tech industry, including Meta CEO Mark Zuckerberg, highlighting his influence and strategic vision [4]. - The company has developed a highly efficient logistics engine powered by machine learning, which has been in place for the past decade [6]. AI and Data Utilization - DoorDash is strategically positioned to maintain its dominance in the AI-driven local commerce sector, supported by a vast proprietary dataset and a robust AI infrastructure designed for rapid iteration [7]. - The company integrates AI across all operations, enhancing its service delivery and operational efficiency [7]. Financial Performance - DoorDash has seen significant growth, ranking No. 394 on the Fortune 500 list, having debuted at No. 443 in 2024 [6].

Report Industry Investment Rating - No information provided on the industry investment rating Core Viewpoints - Maintain buy on FAEACO 12.814 Perp due to its decent risk - return profile, larger cushion against the covenanted adj. net gearing ratio, and expected cash inflow from project deliveries in Australia and the UK [2] - Maintain buy on MEITUA 3.05 10/28/30 and MEITUA 0 04/27/28 (CB) as Meituan's overall credit profile remains robust with a strong net cash position, despite near - term headwinds [9] Summary by Related Catalogs Trading Desk Comments - Last Friday, there was small better buying on JP/AU financial names and TW lifers; balanced two - way flows on Chinese AMCs 2 - 5yr notes which closed 1 - 2bps tighter; MEITUAs were unchanged to 3bps wider [2] - In FRN space, PBs were buying Chinese banks, leasing, and SEA names, while AM flippers were taking profit; FAEACO 12.814 Perp dropped 5.6pts; LASUDE 26 increased 0.5pt; CWAHK 26 - 30 edged 0.1 - 0.5pt firmer [2] - In Chinese properties, VNKRLE 27 - 29 lowered 0.8 - 1.3pts; LNGFOR 29 was 1.7pts lower; ROADKG 28 edged 0.6 - 0.9pt higher; AMs were buying ZHHFGR and selling CPDEV [2] - Yankee AT1s were 0.1pt firmer, Japanese AT1s and insurance subs were largely stable, ACPM 5 1/8 Perp was 0.6pt higher; in SE Asia, some bonds were unchanged to 0.5pt higher [2] - This morning, BBLTB senior and JP financials tightened 1 - 2bps; VNKRLE 27 - 29 recovered 0.5 - 1.2pts; some bonds were 0.6 - 1.1pts higher, while others were 0.7 - 1.0pt lower [4] - MEITUAs were unchanged to 3bps wider post 3Q25 results announcement last Friday and unchanged this morning; IDASALs were unchanged this morning [4] Macro News Recap - Last Friday, S&P (+0.54%), Dow (+0.61%), and Nasdaq (+0.65%) were higher; UST yield was higher, with 2/5/10/30 year yield at 3.47%/3.59%/4.02%/4.67% [7] Desk Analyst Comments on Meituan - Meituan's 3Q25 adj. EBITDA dropped to negative RMB14.8bn due to the price war in China's food delivery market, with intense competition weighing on profitability [8] - The aggressive price war has eroded sector - wide margins, and the pressure is expected to persist until the competitive landscape becomes more rational, possibly through regulatory intervention [8] - Meituan's overall credit profile remains robust with a net cash position of RMB90.0bn as of Sep'25, which should cushion near - term earnings impact; near - term pressure on MEITUAs is expected, but further volatility presents better entry opportunities [9] Meituan's Financial Performance - Meituan's 3Q25 total revenue increased 2% yoy to RMB95.5bn, with core local commerce segment revenue decreasing 2.8% yoy to RMB67.4bn and turning into an operating loss of RMB14.1bn; new initiative segment revenue rose 15.9% yoy to RMB28.0bn, but segment loss increased 24.5% yoy to RMB1.3bn [12] - In 3Q25, selling and marketing expenses increased 90.1% yoy to RMB34.3bn, and R&D expenses increased 31.0% to RMB6.9bn; Meituan reported an operating loss of RMB19.7bn and negative adj. EBITDA of RMB14.8bn [13] - Meituan expects losses in the core local commerce segment and at the consolidated level to continue in 4Q25; the operating loss in the new initiative segment is expected to widen in 4Q25 for overseas expansion [13] - Meituan's liquidity position remained solid with a net cash position of RMB90.0bn as of Sep'25, down from RMB106.7bn as of Dec'24, and it had an average net cash position of RMB70.6bn in the past five years [14] Offshore Asia New Issues - No offshore Asia new issues were priced today [17] - Agricultural Bank of China Limited Tokyo Branch has a pipeline issue of 3 - year tenor with a coupon of SOFR + 100 and an issue rating of A1/-/- [18] News and Market Color - Last Friday, 70 credit bonds were issued onshore with an amount of RMB59bn; in Nov'25, 2,133 credit bonds were issued with a total amount of RMB2,286bn, a 17.8% yoy increase [22] - China Jinmao pledged a Shanghai property asset valued at RMB4.8bn as collateral for RMB9.9bn of syndicated loans [22] - China Water Affairs 1HFY26 EBITDA dropped 18.6% yoy to HKD2.2bn [22] - eHi Car 3Q25 fleet utilization rate rose 4.9 pct pt to 72.3% [22] - Seazen issued RMB616mn ABS backed by a Shanghai shopping mall [22] - HD Hyundai Heavy and its partner failed to win Poland's KRW8tn submarine project [22] - Mineral Industri Indonesia repurchased USD95.8mn of IDASAL 6.53 11/15/28 [22] - Melco Resorts Finance 9M25 operating revenue was up 14% yoy, and Studio City 9M25 operating revenue was up 10% yoy [22] - A Hong Kong tycoon seeks to sell some Rosewood Hotels [22] - Vedanta Resources is looking to raise USD600mn bank loan for refinance and secure INR20bn via INR - denominated NCDs at its subsidiary [22] - Vanke provided its entire stake in its property management arm as loan collateral to its controlling shareholder [22]

Summary of Key Points from the Conference Call Industry Overview - The conference call focuses on the **food delivery industry** in the **EMEA** region, particularly in relation to **Meituan's** Q3 results and its implications for competitors like **Delivery Hero**, **talabat**, **Jahez**, and **Prosus** in **Latin America** and **MENA** regions [1][2]. Company Insights 1. **Meituan's International Expansion** - Meituan is actively expanding its operations in the **GCC** and **Brazil**, competing with local players such as Delivery Hero and Jahez in Saudi Arabia, and talabat in Qatar and Kuwait. The company launched pilot operations in Brazil in October 2025 [2][3]. - The company sees significant growth potential in food delivery penetration in the **GCC** and Brazil, where platforms like WhatsApp are commonly used for food orders [2][3]. 2. **Financial Performance** - Meituan reported an adjusted EBITDA of **$(2.1) billion** in Q3 2025, a significant decline from **+$2.1 billion** in Q3 2024, indicating intensified competition and operational challenges [10][8]. - The New Initiatives segment, which includes grocery retail and overseas expansion, showed a narrowing of operating losses quarter-over-quarter, although the exact financial split remains unclear [3][8]. 3. **Market Position and User Data** - In Saudi Arabia, Meituan has become the second-largest player by user count, with Jahez experiencing a decline in users year-over-year [4][9]. - In the UAE, Meituan is gaining traction, although it is still in the early stages of its launch. In Kuwait, Jahez has been negatively impacted, while talabat's daily active users (DAUs) have increased year-over-year [4][12][19]. 4. **Competitive Landscape** - The competition in the food delivery sector is described as "irrational," with Meituan suggesting that the competition may have peaked in Q3 2025 [10]. - The sentiment in the EMEA food delivery market remains weak, influenced by the competitive dynamics in China and the performance of global food delivery companies [10]. Additional Insights - **Keeta**, a grocery delivery service under Meituan, achieved profitability in Hong Kong after 29 months of operation, following the exit of Deliveroo from that market [3]. - Regulatory challenges in Qatar affected talabat, which faced a temporary ban in September 2025, impacting its user base [4][28]. Conclusion - Meituan's aggressive expansion strategy in the EMEA region presents both opportunities and challenges, with significant competition from established players. The financial performance indicates a need for improved operational efficiency and market positioning to navigate the competitive landscape effectively.

Behind the scenes of drone food delivery in Finland https://t.co/Ql0M5jGXy6 ...