Meituan's Sales Surge, Global Expansion and AI Push

Meituan, a Chinese food delivery company, is doing well by expanding its business outside of China.

Their sales and profits went up more than expected.

They are using an app called Keeta to enter markets like Hong Kong, the Middle East, and Brazil.

This is happening as they face more competition and scrutiny from the government in China.

The government is looking at the fees online platforms charge to help local businesses.

Meituan is also creating its own AI to improve its services and compete with other tech companies.