|Bid||167.900 x 0|
|Ask||168.000 x 0|
|Day's Range||162.000 - 171.500|
|52 Week Range||103.500 - 256.600|
|Beta (5Y Monthly)||0.84|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 24, 2022 - Nov 28, 2022|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||250.31|
Prosus, the Dutch arm of Tencent's largest shareholder, announced that it might sell shares in Meituan that Tencent will distribute.
Meituan (OTC: MPNGF) (OTC: MPNGY) reported third-quarter revenue growth of 28% year-on-year to RMB62.6 billion. The growth affirmed resilient demand in China for takeaway from people confined to home during the pandemic, Bloomberg reports. Core local commerce revenue grew 24.6% Y/Y. The segment's operating profit increased by 124.6% Y/Y to RMB9.3 billion. The total order volume of food delivery and Meituan Instashopping businesses increased by 16.2% Y/Y. Also Read: Tencent To Allocate $19.8B Mei
Residents of some parts of China's capital were emptying supermarket shelves and overwhelming delivery apps Friday as the city government ordered faster construction of COVID-19 quarantine centers and field hospitals.