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 quarter-ended Sept. 30, 2021, the firm generated 54.2% of revenue from food delivery services, 17.7% from hotel booking, coupon sales, advertising, and 28.1% 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.
Quote | Meituan Dianping ADR Repstg 2 Cl B Shs (OTCMKTS:MPNGY)
Last: | $27.31 |
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Change Percent: | 2.39% |
Open: | $26.96 |
Close: | $27.31 |
High: | $27.39 |
Low: | $26.96 |
Volume: | 149,079 |
Last Trade Date Time: | 07/30/2024 03:00:00 am |
News | Meituan Dianping ADR Repstg 2 Cl B Shs (OTCMKTS:MPNGY)
2024-06-11 04:39:44 ET Summary Meituan's revenue and normalized net income rose by +25% YoY and +36% YoY, respectively in Q1 2024, which exceeded expectations. But the company's cautious order volume guidance indicates that its top line growth could potentially slow in the quarter...
2024-06-06 12:15:24 ET Meituan (MPNGF) Q1 2024 Earnings Conference Call June 06, 2024, 07:00 AM ET Company Participants Sijia Xu - VP and Head-Capital Markets Xing Wang - Chairman and CEO Shaohui Chen - SVP and CFO Conference Call Participants Ronald ...
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Meituan Announces Financial Results for the Year Ended December 31, 2023 PR Newswire HONG KONG , March 22, 2024 /PRNewswire/ -- Meituan (HKG: 3690) (the "Company"), a leading technology-driven retail company in China , today announced the audited consolidated...