|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's Range||62.05 - 63.99|
|52 Week Range||49.91 - 118.00|
|Beta (5Y Monthly)||1.07|
|PE Ratio (TTM)||40.64|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
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(Bloomberg) -- Meituan reported its biggest loss in three years, weighed down by a bruising antitrust probe, an investment spurt and mounting competition from Alibaba Group Holding Ltd.. Most Read from BloombergBillionaire Family Feud Puts a Century-Old Business Empire in JeopardyAsia’s Richest Man Looks to Walton Family Playbook on SuccessionThe 24-Year-Old Aiming to Dethrone Victoria’s SecretAn Arab City’s Booming Art Scene Is Also a Grab at Soft PowerThe Winners and Losers From a Year of Rank
Meituan (HKG: 3690) (the "Company"), China's leading e-commerce platform for services, today announced the unaudited consolidated results of the Company for the three months ended September 30, 2021.
SHANGHAI (Reuters) -China's Meituan on Friday forecast a weaker outlook for its core food delivery business next year, after a 3.4 billion yuan ($532.24 million) fine pushed it to report its largest-ever quarterly loss in three years. Tencent-backed Meituan said last month it had been fined by China's market regulator https://www.reuters.com/legal/litigation/chinese-delivery-giant-meituan-handed-527-mln-antitrust-fine-2021-10-08 an amount that equated to 3% of its domestic sales in 2020 for abusing its market dominant position, marking the end of a investigation that begun in April. Meituan, whose services include restaurant reviews and bike sharing, has in addition faced economic headwinds as consumption in the world's second-largest economy slows.