Matthews China Fund Comments on Meituan Dianping

1. A contributor among individual stocks was Meituan Dianping ( HKSE:03690 ), China's largest food delivery service.
2. In addition to its core operations around food delivery, the company also runs a successful business review service, similar to Yelp, as well as a travel booking service for hotels.
3. Forecasts of increased profitability caused the stock to rise in May.