|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||17.78 - 18.34|
|52 Week Range||13.33 - 32.00|
|Beta (5Y Monthly)||0.84|
|PE Ratio (TTM)||148.18|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
(Bloomberg) -- Meituan posted a 28% surge in revenue, affirming resilient demand in China for takeaway from people confined to home during the pandemic.Most Read from BloombergNext Covid-19 Strain May be More Dangerous, Lab Study ShowsApple to Lose 6 Million iPhone Pros From Tumult at China PlantKey Trump 2024 Rivals Silent After His White Supremacist MeetingSales rose to 62.6 billion yuan ($8.7 billion) during the three months ended September, versus an average projection for 62.4 billion yuan.
BEIJING (Reuters) -Chinese food delivery giant Meituan reported better than expected quarterly revenue growth of 28.2% on Friday and swung back to profit as the company recovered from COVID-19 curbs. Meituan, whose services also include restaurant reviews and bike-sharing, said total revenue rose to 62.62 billion yuan ($8.74 billion) in the three months ended September, compared with analysts' average estimate of 61.79 billion yuan, according to Refinitiv data. The company swung to a quarterly profit of 1.22 billion yuan from a loss of 9.99 billion yuan a year earlier, as it pulled the brakes on heavily funding its new initiatives.
(Bloomberg) -- Tencent Holdings Ltd.’s plan to dole out $20 billion of stock in meal delivery giant Meituan triggered a broad selloff of Chinese internet stocks on Thursday as investors fear more divestments by the online gaming company are in the offing.Most Read from BloombergXi Looks Away From Putin Toward West in World Stage ReturnGOP Retakes US House by Slim Margin in Washington Power ShiftElizabeth Holmes Says US Is Wrong to Suggest She Marry Her Partner to Pay DebtsXi Confronts Trudeau Ov