“It will have some impact on our short term profitability,” Wang said. “Longer term, the global expansion represents a very good, very promising growth opportunity for us.”
Meituan warned its profitability may suffer as the Chinese food delivery leader faces intensifying competition at home and is aggressively expanding into new markets.
The firm is now considering rolling out its on-demand delivery service outside China as part of its goal to become a global company, CEO Wang Xing told analysts on a post-earnings call on Monday. Meituan will not move too fast in its international push, he added.
