Meituan

03690

Company Profile

  • Business description

    Meituan is the largest food delivery service in China, with a 70.7% share of the market in 2020 per the Chinese government. For the year ended 2023, the firm generated 58% of revenue from on-demand services, 17% from hotel booking, coupon sales, advertising, and 25% from new initiatives. In the long term, its new initiatives business may transform the company into an all-encompassing grocer and logistics business involving community group buying, nonfood delivery, and online grocery, overtaking food delivery as its main business.

  • Contact

    No. 4 Wang Jing East Road
    Block B and C, Hengjiweiye Building
    Chaoyang District
    Beijing100102
    CHN

    T: +86 10107888

    https://about.meituan.com

  • Sector

    Consumer Cyclical

    Stock type

    Cyclical

  • Industry

    Internet Retail

    Fiscal Year End

    31 December 2024

    Employees

    114,860

Meituan News & Analysis

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Morningstar Investment Ideas

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