MEITUAN Zhang Chuan: Specialty of Dazhong Dianping is Realism; Fostering Product Suggestions is Focus of Future

　　Chinese media reported that Zhang Chuan, senior vice president of MEITUAN-W (03690.HK) -2.500 (-2.199%) Short selling $240.53M; Ratio 18.245% , commented that the main characteristic of the group's Dazhong Dianping service is its realism. The future goal of development will be to foster both “weed-planting” and “weed-pulling” activities at the same time, with the latter's core tenet being truthfulness.

　　“Weed-planting” and “weed-pulling” are Chinese buzzwords that emerged recently. “Weed-planting” means recommending goods to others and inducing them to buy them. “Weed-pulling” is the act of accepting someone's recommendation of a product and placing an order for it.

　　Zhang added that the essence of the group's Meituan and Dazhong Dianping services is the insistence on reality. In particular, Dazhong Dianping's realism is the most important value for its users. There are several directions for achieving truthfulness, such as credibility, and to achieve this a multitude of actions will be conducted, such as removal of fake reviews.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-06-28 12:25.)

　　AAStocks Financial News