MPNGY News and Press, Meituan Dianping ADR Repstg 2 Cl B Shs From 03/24/23

2023-03-24 09:29:35 ET Meituan press release ( OTCPK:MPNGY ): FY Revenue of RMB220B (+22.8% Y/Y). operating profit of RMB29.5 billion The operating loss for our New initiatives segment narrowed to RMB28.4 billion in 2022 from RMB35.9 billion in 2021. Company adjusted E...

Meituan Announces Financial Results for the Year Ended December 31, 2022 PR Newswire HONG KONG , March 24, 2023 /PRNewswire/ -- Meituan (HKG: 3690) (the "Company"), a leading technology-driven retail company in China , today announced the audited consolidated...

2023-03-21 10:15:34 ET Summary Dada Nexus Limited's 2023 guidance points to a slight moderation in revenue growth, but the company is expected to turn profitable on a non-GAAP basis this year. Dada Nexus' new partnership with Douyin has significant growth potential, but this is de...

2023-03-09 10:22:07 ET Summary Tencent's mobile games in China continued to rank among the top ten, with the top two spots taken up by Tencent's Honour of Kings and Peacekeeper Elite. New game launches in China will accelerate through 2023 as about 50% of Tencent's pipeline has re...

Summary China’s food delivery business could be taking a dramatic turn as TikTok parent ByteDance pilots a food delivery service over its Douyin video app. Douyin’s service allows merchants to attract food orders via short videos or livestreams, in contrast to the customer...

Summary SCHE’s portfolio is less risky, due to high level of diversification, low expense ratio, lower volatility, and investing in right sectors in the most promising EMs. SCHE has been paying low but decent yields. Lower risk and potential growth of equities in emerging markets...

Summary CWEB is a leveraged fund for Chinese Internet public companies. Its non-leveraged counterpart is KWEB. KWEB invests in internet commerce, information technology, and software applications companies. KWEB and CWEB have had a stellar performance since the bear market bottom on...

Summary The iShares Asia 50 ETF (AIA) generated a low yield, but a high average annual return over the long run. AIA’s portfolio consisted of large-cap stocks primarily from ICT, e-commerce and financial sectors primarily from China, Taiwan, South Korea, and Hong Kong. All th...

Summary After a few mediocre quarters for Tencent, the company had to report once again declining revenue as well as declining operating income in the third quarter. But over the long run, Tencent should be able to grow in all segments. Aside from using share buybacks in the third q...

Summary China is seeing another COVID spike. This may lead to a scale back of its economy reopening plan. The SPDR GXC China ETF looks relatively worse positioned vs MCHI, possibly driven by higher exposure to lockdown sensitive sectors. My technical analysis view using the Trend Fl...