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home / news releases / meituan prepares for overseas voyage with ceo wang x

MPNGY - Meituan Prepares For Overseas Voyage With CEO Wang Xing As Captain

Meituan Dianping ADR Repstg 2 Cl B Shs

2024-02-20 09:44:00 ET

Summary

  • Meituan is launching a major restructuring that will place its core local business and new business units under two of its senior vice presidents.
  • Founder and CEO Wang Xing will lead the company’s overseas charge, which dates back to the launch of its KeeTa takeout delivery service in Hong Kong last year.
  • Following its stock declines, Meituan trades at an affordable projected price-to-earnings (P/E) ratio of just 12.6 times.

The online-to-offline service provider’s founder will personally lead his company’s global pivot, hoping to imitate the success of other Chinese internet majors. ...

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Meituan Prepares For Overseas Voyage With CEO Wang Xing As Captain
Stock Information
Company Name: Meituan Dianping ADR Repstg 2 Cl B Shs
Stock Symbol: MPNGY
Market: OTC
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