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Bernstein says Meituan’s Q2 results beat expectations: the group returned to profitability after food-delivery competition and new-business losses were smaller than expected. Bernstein remains cautious — Meituan did not match ByteDance-style dine-in

2026-09-01

Bernstein says Meituan’s Q2 results beat expectations: the group returned to profitability after food-delivery competition and new-business losses were smaller than expected. Bernstein remains cautious — Meituan did not match ByteDance-style dine-in subsidies in Q2 and ceded some share, then began chasing share again in Q3. Macroeconomic and competitive pressure constrain revenue growth, and increasing overlap between food delivery, e-commerce and instant retail could bring recurring cycles of competition. Bernstein maintains a market-perform rating and HK$85 target, unchanged since a downgrade in June last year.

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2026-09-01

Spot gold fell below $4,400/oz, down 1.10% intraday; spot silver fell 1.00% intraday to $65.86/oz.

Spot gold fell below $4,400/oz, down 1.10% intraday; spot silver fell 1.00% intraday to $65.86/oz.
2026-09-01

On Sept 1, Foreign Ministry spokesman Guo Jiakun said China adheres to the principle of non‑interference and will not in any way interfere in other countries' internal affairs, calling comments related to New Zealand baseless. He said China follows t

On Sept 1, Foreign Ministry spokesman Guo Jiakun said China adheres to the principle of non‑interference and will not in any way interfere in other countries' internal affairs, calling comments related to New Zealand baseless. He said China follows the 'four respects' principle in developing ties with Pacific island states and has neither interest in nor a history of interfering in other countries' internal affairs.
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