Letters by company
Meituan Dianping/ADR
4 letters discussing MPNGF. Everything written about it on this site is on its ticker page.
- Vision Capital Fund Vision Capital Fund - 2024 Annual Investor Letter Vision Capital Fund invested 97.6% of capital across 26 holdings, favouring global compounders with durable growth, strong cash generation and secular tailwinds. It retained confidence in Meituan, Tencent, JD.com, Nu Holdings and Mercado Libre despite macro-led declines, and plans to let winners compound rather than trade around volatility. From 1 October to 31 December 2024 JD $37BMELI $93BMPNGF $59B
- Aikya Investment Management UCITS Fund – Monthly Report – July 2026 Aikya Global Emerging Markets Fund benefited from Taiwanese automation demand, improving Chinese consumer sentiment and results at Bank Central Asia as concerns about IT-services disruption eased. Indian large caps, including Dr. Reddy's Laboratories and HDFC Bank, were weak, but Aikya views the pressure as temporary. July 2026 —
- Davis Advisors Global ADR Davis Global ADR SMA Portfolio Summer Update 2026 Davis Global ADR SMA retained its contrarian Chinese exposure, arguing that sound company fundamentals and low valuations outweigh the market's AI-driven preference for technology leaders. The portfolio discussed Meituan, AIA Group, Entain, Capital One and the Devon Energy combination, while paring selected semiconductor positions on valuation. first half of 2026 —
- Hayden Capital Q2 2026 Quarterly Letter Hayden Capital argues that AI disruption will unfold more slowly than markets initially expected, favoring durable platforms with proprietary data and embedded workflows. The firm sees Shopee’s VIP and logistics spending and Mercado Libre’s delivery investments as reinvestment programs that can strengthen customer economics. It exited Pinduoduo after its original thesis played out, citing limited visibility into Pinmu and China’s weaker consumption backdrop. Q2 2026 AMZN $2.7TGOOGL $4.3TMELI $93B
