Meituan Unveils $2.9 Billion Loss After Filing for IPO in Hong Kong

The transcript discusses the challenges faced by companies in the Internet era, focusing on investor expectations for top-line growth despite significant financial losses. It highlights the diversification into various industries and the need for investor patience, drawing parallels with Amazon's early years. The discussion also covers valuation expectations, sales multiples, and the potential for becoming a super app. Finally, it addresses listing options and regulatory challenges, particularly in the context of Chinese depositary receipts and the Hong Kong market.

In what ways is the company diversifying its operations according to the text?

What challenges does the text mention regarding the regulatory structure for Chinese depositary receipts?