On June 6th, Meituan (03690. HK) released its financial report for the first quarter of 2024, with a total revenue of 73.3 billion yuan, a year-on-year increase of 25%; The net profit was 5.4 billion yuan, compared to 3.4 billion yuan in the same period last year, a year-on-year increase of 59.9%; The adjusted net profit was 7.488 billion yuan, compared to 5.491 billion yuan in the same period last year, a year-on-year increase of 36.4%. It is worth noting that during the conference call after the financial report, Meituan executives mentioned that Meituan's Hong Kong business has made considerable progress and is currently exploring a wider market, including the Middle East.