The A= Alibaba Group, T=Tencent, and M=Meituan-Dianping. Alibaba and Tencent’s potential is long well-known (and I have been an investor in them for some time), but I was intrigued by Meituan-Dianping.
Think Meituan-Dianping as a super app, that allows users to order food, travel services, and more. Like Grab or Gojek but without the ride-sharing part.
But unlike Grab/Gojek, it’s profitable. It also has a positive (and growing) operating cash flow.
Their stock price has almost quadrupled since the March lows, but I’ll be watching, and gnawing…
#Chinatech #superapp #MalekPortfolio