Meituan's CEO discussed the company's plans for international expansion:
1. Kita, Meituan's overseas brand, has become the largest food delivery player in Hong Kong after 2 years.
2. In Saudi Arabia, Kita has expanded to 9 major cities since launching in September.
3. Meituan recently announced plans to enter Brazil, committing $1 billion investment over 5 years.
4. The CEO emphasized Meituan's decade of experience in food delivery gives them confidence to win in new markets.
5. Meituan aims to become a global company long-term, but will carefully evaluate each new market opportunity.
Disclaimer: This earnings call summary is generated by AI and is for informational purposes only. Due to technical limitations, inaccuracies may exist. It does not constitute investment advice or commitments.