Meituan Prepping Middle East Foray While Exploring Europe, Asia
- Its sales rose a better-than-expected 25% in the March quarter
- Investors will watch its margins as expansion accelerates
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Meituan is preparing for a potential entry into the Middle East in its first expansion beyond the China region, even as it begins to consider the feasibility of other markets from Europe to Southeast Asia.
Founder Wang Xing said Meituan was actively exploring new arenas after its success in Hong Kong, but he stressed the company will be cautious and disciplined in venturing abroad. The company was now in the early stages of preparing a launch for the Middle East, he said.