$MEITUAN-W(03690)$ didn’t spell out travel & hospitality numbers, but I did the math: customer prepayments over 11 billion RMB, compared to Ctrip’s 18 billion. $Trip.com Group Limited(TCOM)$ ’s mainly lodging and tickets, with lodging. prepayments around 9 billion. Meituan’s travel biz is roughly on par with that. That’s a solid scale. I’m bullish on Meituan, this segment’s definitely one to watch!
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