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原文 Chinese on-demand local services giant Meituan gained early success in its initial foray outside Chinese mainland , as its KeeTa app this year became the largest food-delivery platform by number of orders in Hong Kong. In February, Meituan co-founder, chairman and chief executive Wang Xing said that he would take over control of the company’s overseas business as part of an organisational overhaul. Meituan is “very actively evaluating opportunities in other markets” after seeing “positive results” in Hong Kong, Wang said. The Beijing-based company now plans to launch its KeeTa platform in Riyadh, the capital and largest city of Saudi Arabia. That expansion, however, is not expected to be materially incremental to Meituan’s current valuation because of long-term uncertainty, the firm’s market positioning in Saudi Arabia and the near-term losses this overseas foray might incur. What helped Meituan attain the lion’s share of Chinese mainland’s food-deliv
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