We attended VTP’s analyst meeting on June 28, 2019, with the main topics being VTP’s expansions into ride-hailing and e-commerce and its early accomplishments in these ventures. Per VTP, on July 1, 2019, it will officially launch two new ventures to “increase its customer value proposition, complete its ecosystem and transform itself into a technology company.” Although the company does not share its detailed strategy, VTP reaffirms that it still sticks to its five-year profit guidance