[subjectHarold]

I am confused. Is Meituan's ticker 3690? This looks like the company referred to and the actual operating loss is 11bn RMB (so about ~$1.5bn)...which is a lot but revenue doubled, and this is kind of a scale-ish business...so?

The number quoted by Bloomberg (quoting from Nikkei) is comprehensive income including the conversion of pre-IPO securities...so not really reflective of operations.

What is kind of staggering is the cumulative losses to equity ~170bn RMB or $25bn. And presumably, there are options and all sorts. Tbh, I am not even sure how this number is correct given the business isn't even ten years old...I don't look at HK companies very often (and I am aware funny stuff happens in HK)...but how the equity account be wrong?

[b_tterc_p]

Are you sure?

https://www.bloomberg.com/quote/3690:HK

This says net income was -137B HKD or about 17b usd

[subjectHarold]

Yeah buddy, that isn't right. That is comprehensive income (most of the financial websites just report the simple line items, which are usually right but very wrong when they are misleading).

For HK stocks, you get the press releases/filings from: http://www3.hkexnews.hk/listedco/listconews/advancedsearch/s... - and this is the annual report, http://www3.hkexnews.hk/listedco/listconews/SEHK/2019/0311/L...

As said though, I have no idea if I am looking at the right company (you sometimes find that there is a holding company or a stock with a similar name or something). Pretty sure it is the same Meituan...but maybe not (and if it is, I still don't understand the losses they booked to equity).