Meituan
3690
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
CHNT: +86 10107888
Sector
Consumer Cyclical
Stock type
Cyclical
Industry
Internet Retail
Fiscal Year End
31 December 2024
Employees
114,860
Meituan News & Analysis
stocks
What else could Tencent sell after Meituan?
Despite the tech conglomerate mulling a sale of its 17% stake in Meituan, our fair value estimates for both companies remain unchanged.
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Markets
Index | Last price | Change | % Change |
|---|---|---|---|
| All Ordinaries | 8,466.70 | 15.80 | 0.19% |
| CAC 40 | 7,216.83 | 10.15 | -0.14% |
| DAX 40 | 19,003.11 | 30.53 | -0.16% |
| Dow JONES (US) | 43,958.19 | 47.21 | 0.11% |
| FTSE 100 | 8,030.33 | 4.56 | 0.06% |
| HKSE | 19,651.80 | 171.65 | -0.87% |
| NASDAQ | 19,230.72 | 50.68 | -0.26% |
| Nikkei 225 | 38,677.01 | 44.65 | -0.12% |
| NZX 50 Index | 12,681.32 | 6.83 | 0.05% |
| S&P 500 | 5,985.38 | 1.39 | 0.02% |
| S&P/ASX 200 | 8,214.10 | 20.70 | 0.25% |
| SSE Composite Index | 3,425.62 | 13.66 | -0.40% |