March 30，Meituan-Dianping (stock code: 3690.HK，Hereinafter referred to as "Meituan") announced the fourth quarter and full-year results of 2019，The company’s annual revenue increased by 49% year-on-year.5% reaches 97.5 billion yuan (unit: RMB，The same below)，188bet online sports betting total transaction amount increased by 32% year-on-year.3% to 682.1 billion yuan，The number of annual trading users on the platform is 4.500 million，The catering takeout business continues to maintain strong growth，The number of transactions throughout the year increased by 36 year-on-year.4% to 8.7 billion transactions。This means that 188bet online sports betting business layout and investment that have adhered to long-term concepts over the past many years have begun to continue to show value。This financial report also disclosed the downward pressure the epidemic has exerted on the company in the first quarter of 2020，And estimate the performance or loss in the first quarter of this year，Our operating results in the coming quarters will also be adversely affected。

“This year is the tenth anniversary of 188bet online sports betting，Thanks for the historical development opportunities brought by the new era。Ten years ago we saw the opportunity of digitalization in the life service industry and devoted ourselves to it，Ten years，We have established a leading distribution network and technological innovation capabilities，And in the process of fighting the new coronavirus epidemic，Played a role in protecting people’s livelihood、Stabilize employment、The role of urban infrastructure in promoting economy”，188bet online sports betting CEO Wang Xing said，“A special beginning of the new decade，We are more determined to help everyone eat better，Live Better’ Mission，We will accelerate the supply-side digitalization of the life service industry through technological innovation，Create longer-term value for all participants in the ecosystem，Let’s create a better life together with everyone。”

Meituan Chief Financial Officer Chen Shaohui said: “2019，Our businesses once again achieved strong growth，Multiple business indicators have made breakthrough progress，This shows our continuous exploration and innovative services on both the supply and demand sides in the field of life services，further consolidates 188bet online sports betting leading position in the local life service field，Creating more value for merchants and users that continue to grow。”

The main business advantages continue to be consolidated 188bet online sports betting achieved breakthroughs

2019，Benefit from the strong growth momentum of China’s consumer market，188bet online sports betting various businesses continue to maintain strong growth，The company’s adjusted net profit is 4.7 billion yuan，Among them, the catering takeout business has a steady growth rate，Transaction amount increased by 38% year-on-year.9% to 392.7 billion yuan。Benefit from a richer range of service categories、Better online products、Offline fulfillment and delivery experience，And 188bet online sports betting continuous investment and construction of local living infrastructure over the past ten years，Consumer satisfaction with Meituan continues to increase，Makes old users purchase more frequently，Also gained the trust of more new users，Promote the average annual number of transactions by transaction users in 2019 to further increase to 27.4 strokes。

By launching a meal delivery membership system，And a rich variety of products and personalized services，Time slots for takeaway service、Categories continue to show a trend of high frequency and diversity。Fourth Quarter，188bet online sports betting food delivery transaction volume increased by 45% in lower-tier cities。At the same time，The cost of sales of food delivery increased from RMB 32.9 billion in 201835.7% to 44.6 billion yuan in 2019，Mainly due to the increase in order volume, the cost of catering delivery riders has increased。Meituan data display，3.99 million riders earned income from Meituan in 2019。

In-store and hotel travel business segment，Meituan achieved outstanding performance in terms of revenue and transaction value，Transaction amount increased by 25.6% to 222.1 billion yuan in 2019，Income increased by 40% year-on-year.6% reaches 22.3 billion yuan。Among them，188bet online sports betting continuous innovation and optimization of online marketing products，Further meets the growing online marketing needs of small and medium-sized merchants in various categories，To fully unleash the potential of merchants。Wine travel，The number of domestic hotel room nights in 2019 increased year-on-year by 38.2% to 3.9.2 billion。

Except for main business，During the epidemic，Meituan Flash Sale、New businesses such as 188bet online sports betting grocery shopping and Kuailu，Become a basic service facility to protect people’s lives in special times，The potential development space of new business is further stimulated。Financial report display，2019，The synergy between new business and other businesses continues to strengthen，Income growth 81.5% to RMB 20.4 billion。In addition，On the App side，Dianping App’s unique content ecology is through active innovation and the launch of personalized recommendations，Creates more transaction opportunities for merchants。Among them，The information flow push from thousands of people greatly improves the user experience of Dianping App，Driving rapid growth in DAU，Become the "must-choose online marketing platform" for merchants。

Take multiple measures to fight the epidemic together Preliminary losses 188bet online sports betting first quarter due to the epidemic

Early this year，A sudden new coronavirus epidemic has brought huge short-term impact to many industries in China，After the epidemic，188bet online sports betting immediately gathered various forces to help Wuhan。The first to start providing free medical meals to Wuhan medical staff，Delivered more than 90,000 medical meals in two consecutive months。Also donated 200 million yuan to establish a national special fund for medical support and care，Over 300,000 bicycles are available for free riding for front-line anti-epidemic workers in Hubei，And the platform opens an online psychological consultation hotline，Provide psychological assistance to medical staff and other personnel。

On the front line of the fight against the epidemic，188bet online sports betting is also becoming a protector of people’s livelihood、Stabilize employment、New urban infrastructure that promotes economy。In terms of protecting people’s livelihood，188bet online sports betting launches “contactless delivery” to ensure users can consume with peace of mind during the epidemic，And played an important role in stabilizing prices and ensuring supply;In terms of stabilizing employment，188bet online sports betting launches “Spring Return Plan” and announces 200,000 new jobs。According to statistics，Over two months from January 20 to March 29，45 new riders have been newly registered on the 188bet online sports betting platform and have earned income.70,000 people；In promoting the economy，188bet online sports betting has upgraded its “Operation Spring Breeze” merchant assistance program multiple times，Through technology、Product and financial subsidies and other methods，Promote the gradual recovery of consumption，Help merchants expand food and increase income，Welcoming the warm spring after the epidemic。

Financial report estimates that first quarter performance of this year will be under pressure due to the epidemic，Our operating results in the coming quarters will also be adversely affected。“Compared to our own short-term impact，188bet online sports betting pays more attention to the difficulties faced by platform merchants，To this end, we will continue to implement a number of merchant assistance measures introduced during the epidemic，We will increase efforts to support merchants to tide over the difficulties and usher in consumption recovery”，Chen Shaohui said，“In the long run，The urgency and importance of digitalization on the demand and supply sides of the life service industry are further highlighted，188bet online sports betting will become an important promoter and long-term beneficiary of this long-term trend。”