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Meituan’s overseas push steadies investors despite second consecutive loss
Keeta is gaining traction in international markets as the company ramps up investments in AI and retail initiatives.
5 mins read
Keeta
Facing pressure on multiple fronts, Meituan is working to defend its home turf while pushing ahead with global expansion.
While profits are up, Meituan is bracing for volatility as rivals ramp up discounting and regulators tighten oversight.
Revenue rose 20% last quarter, but Meituan’s story now revolves around a business overhaul, a hard push overseas, and an “all in” commitment to AI.
With its open skies and friendly policies, Dubai serves as the perfect launchpad for Meituan’s aerial delivery ambitions.
Keeta, Meituan’s delivery app, enters the Saudi market through Al Kharj instead of the capital Riyadh.