This article only represents the author's own views.
With challenges mounting on the home front, many Chinese companies are looking for opportunity overseas. Even food delivery giant Meituan (3690.HK) is reported to be widening its horizons in the search for new revenues, hoping to tickle the taste buds of consumers outside China.
Bloomberg reported that the online titan, whose services range from takeout to travel and entertainment, is exploring expansion into Hong Kong and beyond, citing sources with knowledge of the strategy. It said the push into overseas markets to offset slowing domestic growth would be directed by Tony Qiu, a former head of international business at content-sharing platform Kuaishou Technology (1024.HK), who was poached by Meituan this year. But the report also stressed that the plans were still in their infancy and subject to change. The company has not made any comment.