Meituan operates as a technology driven retail company in the People’s Republic of China, Hong Kong, Macao, Taiwan, and internationally. It operates through Core Local Commerce and New Initiatives segments. The company offers food delivery services; and helps consumers purchase local consumer services provided by merchants in numerous in-store categories or make reservations for hotels, and attraction and transportation ticketing. It also sells goods from B2B food distribution services and Meituan grocery; and engages in various businesses, such as Meituan Select, bike sharing and e-moped sharing, power banks, and micro-credit services. In addition, the company provides cloud computing services; merchant information technology and advisory services; online marketing services; and operates e-commerce service platform. The company was formerly known as Meituan Dianping and changed its name to Meituan in October 2020. Meituan was founded in 2003 and is headquartered in Beijing, China.
Chinese Market Performance
7D7 Days: 1.5%
3M3 Months: 13.1%
1Y1 Year: 34.5%
YTDYear to Date: 13.5%
The market has climbed 1.5% in the last 7 days, lead by the Information Technology sector with a gain of 4.6%. The market is up 35% over the last 12 months. As for the next few years, earnings are expected to grow by 24% per annum. Market details ›
Companies across the globe are beginning to pay attention to agentic AI. It’s also a term you’re likely to hear a lot during earnings season. In fact, it came up 26 times during...