3690.HK - Meituan
Chart Events
Performance Outlook
- Short Term2W - 6W
- Mid Term6W - 9M
- Long Term9M+
| Previous Close | 126.000 |
| Open | 126.000 |
| Bid | 115.700 x 0 |
| Ask | 115.800 x 0 |
| Day's Range | 115.300 - 126.000 |
| 52 Week Range | 112.800 - 211.600 |
| Volume | |
| Avg. Volume | 28,729,204 |
| Market Cap | 722.754B |
| Beta (5Y Monthly) | 0.84 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -1.160 |
| Earnings Date | Aug 24, 2023 - Aug 28, 2023 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 205.33 |
Fair Value
Related Research
BloombergMeituan’s Revenue Beats Estimates in China Spending Revival
(Bloomberg) -- Meituan’s revenue jumped a faster-than-anticipated 27% after a gradually stabilizing Chinese economy drove meal delivery and travel nationwide.Most Read from BloombergBiden, McCarthy Forge Debt Deal in Bid to Avert US DefaultTraders Ready to Embrace Riskier Assets After Debt-Cap DealManchin Gets Mountain Valley Pipeline Deal Into Debt BillKey Takeaways From Biden-McCarthy Deal to Avert US DefaultWorld’s Most Valuable Chipmaker Nvidia Unveils More AI Products After $184 Billion Ral
PR NewswireMeituan Announces Financial Results for the three months ended March 31, 2023
Meituan (HKG: 3690) (the "Company"), a leading technology-driven retail company in China, today announced the unaudited consolidated results of the Company for the three months ended March 31, 2023.
- South China Morning Post
Food delivery giant Meituan reports 27 pc revenue growth as demand rebounds after lifting of Covid curbs in China
Chinese food delivery and on-demand services giant Meituan reported a 26.7 per cent rise in first-quarter revenue from a year ago, as demand surged after China's reopening from Covid-19 restrictions. The Beijing-based firm said on Thursday its total revenue was 58.62 billion yuan (US$8.3 billion) for the three months to end-March, up from 46.3 billion yuan (US$6.5 billion) a year earlier. Meanwhile, Meituan returned to a net profit of 3.36 billion yuan from a net loss of 5.7 billion yuan a year
ReutersMeituan returns to profit as Q1 revenue beats estimates
SHANGHAI (Reuters) -Chinese food delivery giant Meituan on Thursday returned to net profit in the first quarter on forecast-beating revenue as it fended off competition from rivals such as Alibaba-backed Ele.me and ByteDance unit Douyin. Meituan, whose app provides services including bike-sharing, ticket-booking and maps, made net profit of 3.36 billion yuan ($486 million) versus a loss of 5.7 billion yuan a year earlier. Revenue jumped 26.7% to 58.62 billion yuan, up from 46.27 billion a year earlier.
PR NewswireMeituan Launches Food Delivery Brand KeeTa Amid Hong Kong Debut
Meituan (HKG: 3690) (the "Company"), a leading technology-driven retail company in China, today introduced KeeTa, a new food delivery brand as it officially launches in the Hong Kong market, to provide residents with more customized, efficient and reliable delivery services.
BloombergMeituan Planning Hong Kong Debut as Soon as Monday, Sources Say
(Bloomberg) -- Meituan will launch a sister app in Hong Kong on Monday, taking the world’s largest food delivery service beyond mainland China for the first time.Most Read from BloombergChina’s $23 Trillion Local Debt Mess Is About to Get WorseMcCarthy Says Debt Deal Remains Elusive as Staff Talks ResumeSaudi Energy Minister Tells Oil Speculators to ‘Watch Out’China’s New Covid Wave Set to See 65 Million Cases a WeekParents Sue Elite Schools for ‘Indoctrinating’ Their Kids With Anti-Racist Polic
Motley Fool2 Things Smart Investors Know About Meituan Stock
One of these lesser-known but very well-established Chinese companies is Meituan (OTC: MPNGF). Meituan is one of the largest platforms in China that most investors are unaware of. Via its mobile app, Meituan facilitated transactions for 678 million consumers in 2022 in services such as food ordering and delivery, hotel and travel booking, and online ticketing.
South China Morning PostMeituan prepares bespoke Hong Kong brand in an international push to escape cutthroat China competition
Chinese on-demand delivery giant Meituan is preparing to launch a new brand in Hong Kong with bespoke services catering to local consumers, potentially giving the tech firm a launch pad for international expansion as it seeks growth outside its highly competitive home market with new entrants like ByteDance's short video app Douyin. The Beijing-based company, which the Post reported last October had started recruiting people in Hong Kong, has been working to assemble a local team of riders since
PR NewswireMeituan Announces Financial Results for the Year Ended December 31, 2022
Meituan (HKG: 3690) (the "Company"), a leading technology-driven retail company in China, today announced the audited consolidated results of the Company for the year ended December 31, 2022.
- Reuters
UPDATE 3-Chinese food delivery giant Meituan beats Q4 estimates with 21.4% revenue jump
Chinese food delivery giant Meituan posted a bigger-than-expected 21.4% rise in quarterly revenue on Friday as it fended off competition from powerful rivals such as Alibaba-backed Ele.me. Meituan - whose so-called super app provides services ranging from bike-sharing, movie ticketing, mapping, to food delivery and restaurant bookings - said its total revenue rose to 60.13 billion yuan ($8.76 billion) for the three months ended December, from 49.52 billion yuan a year earlier. Meituan was hit hard by COVID-19 curbs last year but it swung to a profit in the third quarter as it cut back investment on new initiatives.
ReutersChinese food delivery giant Meituan beats Q4 estimates with 21.4% revenue jump
SHANGHAI (Reuters) -Chinese food delivery giant Meituan posted a bigger-than-expected 21.4% rise in quarterly revenue on Friday as it fended off competition from powerful rivals such as Alibaba-backed Ele.me. Meituan - whose so-called super app provides services ranging from bike-sharing, movie ticketing, mapping, to food delivery and restaurant bookings - said its total revenue rose to 60.13 billion yuan ($8.76 billion) for the three months ended December, from 49.52 billion yuan a year earlier. Meituan was hit hard by COVID-19 curbs last year but it swung to a profit in the third quarter as it cut back investment on new initiatives.
- Reuters
Chinese food delivery giant Meituan posts 21.4% rise in Q4 revenue
Chinese food delivery giant Meituan posted a bigger-than-expected 21.4% rise in quarterly revenue on Friday as it fended off competition from powerful rivals such as Alibaba-backed Ele.me. Meituan - whose so-called super app provides services ranging from bike-sharing, movie ticketing, mapping, to food delivery and restaurant bookings - said its total revenue rose to 60.13 billion yuan ($8.76 billion) for the three months ended December, from 49.52 billion yuan a year earlier. Meituan was hit hard by COVID-19 curbs last year but it swung to a profit in the third quarter as it cut back investment on new initiatives.
BloombergMeituan’s Revenue Jumped After Covid Boosted Meal Delivery
(Bloomberg) -- Meituan’s revenue surged on strong demand for takeaway, giving the world’s largest meal delivery service more leeway to adjust to China’s sudden Covid reopening. Most Read from Bloomberg$52 Billion Chipmaking Plan Is Racing Toward FailureFBI Releases Files on Ivana TrumpNew Yorkers Are Moving to These Three Florida CitiesUBS Veteran Ermotti Returns to Lead Credit Suisse TakeoverBanks in France Face More Than $1.1 Billion Fines After RaidsSales rose 21% to 60.1 billion yuan ($8.8 b
- South China Morning Post
Meituan CEO Wang Xing breaks social media silence to show support for AI venture by long-term aide amid ChatGPT frenzy
Chinese food delivery giant Meituan's co-founder and CEO Wang Xing, who has been largely absent from social media in recent years, broke his silence on Wednesday to support an artificial intelligence (AI) venture founded by a close aide, joining the ChatGPT frenzy in China. In a WeChat post, visible to his friends and confirmed by the South China Morning Post, the 44-year-old entrepreneur said he was thrilled by the potential productivity of large language models (LLM) and curious about their im
BloombergMeituan’s Billionaire Co-Founder Joins China’s AI Chatbot Rush
(Bloomberg) -- Billionaire Meituan co-founder Wang Xing is clambering aboard a global investment wave to create ChatGPT-like AI bots.Most Read from BloombergCredit Suisse Finds ‘Material’ Control Lapses After SEC PromptUS Core CPI Tops Estimates, Pressuring Fed as It Weighs HikeBillionaire Charles Schwab’s Fortune Is Slammed by SVB Fallout‘Old-School’ Signature Bank Collapsed After Its Big Crypto LeapBonds Rocket, Stocks Steady as Fed Rate Path Eyed: Markets WrapWang, who’s largely stayed out of
BenzingaAlibaba's Peer Meituan Eyes Downsizing Workforce, Restructuring Ride Hailing Business
China's Meituan (OTC: MPNGY) (OTC: MPNGY) plans to restructure its ride-hailing service and reduce the number of staff working on the platform, according to CEO Wang Xing's internal letter. The Alibaba Group Holding Limited (NYSE: BABA) rival aims to reduce resources dedicated to the service and transfer a portion of the service's staff to other business lines, Reuters reports. Meituan's main app offers services from food delivery to restaurant bookings. Meituan relaunched as a standalone app in
BenzingaAlibaba Rival JD.Com Spurs Probability Of Price War With Latest Discount Spree
JD.Com, Inc (NASDAQ: JD) proposed to dole out discounts across its online shopping platforms from Monday in a 10 billion yuan ($1.4 billion) campaign to tap new users ahead of an anticipated Chinese economic recovery this year. JD.Com's campaign has fueled concerns of a margin-eroding price war in retaliation from rivals like Alibaba Group Holding Ltd (NYSE: BABA) or upstart PDD Holdings Inc (NASDAQ: PDD), Bloomberg reports. Meituan (OTC: MPNGY) (OTC: MPNGY) was reportedly expanding into Hong Ko
ReutersChina's Meituan to restructure ride-hailing unit, reduce service's staff - letter
Chinese tech giant Meituan plans to restructure its ride-hailing service and reduce the number of staff it has working on the platform, according to an internal letter seen by Reuters on Monday and two sources. The company intends to reduce the amount of resources dedicated to the service and a portion of the service's staff will be transferred to other business lines, according to the letter sent by the company's CEO Wang Xing. Meituan declined to comment.
BenzingaAlibaba Restructures Local Consumer Business To Combat Meituan And Douyin Rivalry
Alibaba Group Holding Limited (NYSE: BABA) consolidated certain operations in its local consumer services segment to cope with increased competition. Alibaba looked to merge its Koubei restaurant review feature into the Amap app, which provides a mobile digital map, navigation, real-time traffic information, and a ride-hailing aggregator, SCMP reports. Koubei head Zhang Liang will report directly to Amap CEO Liu Zhenfei instead of local consumer services group head Yu Yongfu. Alibaba's local con
South China Morning PostChina's Big Tech firms set for fierce price wars as business lines blur, with JD taking on PDD while Douyin squares up to Meituan
Just as the dust settles on the end of a long regulatory crackdown, analysts say China's Big Tech firms now face a new challenge - a period of brutal price wars in a sector with increasingly blurred business lines, pointing to thinner profits and a tough outlook ahead. JD.com, the e-commerce giant controlled by its billionaire founder Richard Liu Qiangdong, is lumbering up for the first round of these price wars after setting aside 10 billion yuan (US$1.45 billion) in subsidies for consumers sta
BloombergTesla Punishes Short-Sellers With Losses
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South China Morning PostChinese on-demand local services giant Meituan recruits Hong Kong riders to take on city's food delivery leaders Foodpanda and Deliveroo
Chinese on-demand local services giant Meituan has started recruiting riders in Hong Kong, signalling the company's move to expand in the local food delivery market dominated by Foodpanda and Deliveroo. Apart from riders, Meituan is also looking to hire so-called foot soldiers who are dispatched on foot to make deliveries, according to a recruitment document posted on the company's Telegram channel on Tuesday. Candidates eligible to work in Hong Kong as riders must be at least 18 years old, whil
BloombergContrarian Who Called Meituan Rout Sees More Pain for Stock
(Bloomberg) -- Growth for China’s food delivery giant Meituan has peaked as competition heats up in the $145 billion industry, said a China tech analyst, who is the lone bear on the Hong Kong-listed stock. Most Read from BloombergApple Makes Major Progress on No-Prick Blood Glucose Tracking for Its WatchRussian Support for Putin’s War in Ukraine Is HardeningChina’s Cease-Fire Proposal for Ukraine Gets Quick DismissalPlane Forced to U-Turn Minutes Before Landing Sends Passengers Back HomeJerome P
BloombergChina Tech Giant Meituan Hires 10,000 to Counter ByteDance
(Bloomberg) -- Meituan dived its most in two months after unveiling plans to hire as many as 10,000 people this quarter, as the Chinese food delivery company tries to fend off a challenge from ByteDance Ltd. Most Read from BloombergChina Ready to Down Object Flying Near Naval Base: PaperChina Says US Balloons Trespassed Over 10 Times Since Early 2022US Fighters Down More Objects as Tension Ratchets HigherUS Fighter Jet Downs Fourth Aerial Object Over North AmericaUS Shoots Down Fourth Object as
BloombergMeituan Left Out of China Tech Rally as Competition Heats Up
(Bloomberg) -- Chinese tech stocks have powered ahead into the new year, but one internet giant has been notably left out with a staggering ten-day loss.Most Read from BloombergHindenburg’s Short Sell Call Shaves $12 Billion Off Adani StocksUS Confronts China Over Companies’ Ties to Russia War EffortJosh Kushner Is Richer Than Trump After Billionaires Back His FirmTech-Led Slide Fades; Tesla Whipsaws on Earnings: Markets WrapUS and Germany Set to Send Tanks to Ukraine, Breaking DeadlockShares of