MPNGF - Meituan
| Previous Close | 15.61 |
| Open | 15.61 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's Range | 15.40 - 15.61 |
| 52 Week Range | 13.76 - 26.78 |
| Volume | |
| Avg. Volume | 12,985 |
| Market Cap | 95.616B |
| Beta (5Y Monthly) | N/A |
| PE Ratio (TTM) | 256.67 |
| EPS (TTM) | 0.06 |
| Earnings Date | N/A |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | N/A |
BloombergMeituan’s Revenue Beats Estimates in China Spending Revival
(Bloomberg) -- Meituan’s revenue jumped a faster-than-anticipated 27% after a gradually stabilizing Chinese economy drove meal delivery and travel nationwide.Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into Earth’s CrustS&P 500 Almost Wipes Out Its Monthly Advance: Markets WrapDebt-Limit Deal Wins House Passage, Easing US Default ConcernsHedge Funds Are Deploying ChatGPT to Handle All the Grunt WorkElon Musk Again World’s Richest Person as Arnault’s LVMH SinksOperating pro
ReutersMeituan returns to profit as Q1 revenue beats estimates
SHANGHAI (Reuters) -Chinese food delivery giant Meituan on Thursday returned to net profit in the first quarter on forecast-beating revenue as it fended off competition from rivals such as Alibaba-backed Ele.me and ByteDance unit Douyin. Meituan, whose app provides services including bike-sharing, ticket-booking and maps, made net profit of 3.36 billion yuan ($486 million) versus a loss of 5.7 billion yuan a year earlier. Revenue jumped 26.7% to 58.62 billion yuan, up from 46.27 billion a year earlier.
BloombergMeituan Planning Hong Kong Debut as Soon as Monday, Sources Say
(Bloomberg) -- Meituan will launch a sister app in Hong Kong on Monday, taking the world’s largest food delivery service beyond mainland China for the first time.Most Read from BloombergChina’s $23 Trillion Local Debt Mess Is About to Get WorseMcCarthy Says Debt Deal Remains Elusive as Staff Talks ResumeSaudi Energy Minister Tells Oil Speculators to ‘Watch Out’China’s New Covid Wave Set to See 65 Million Cases a WeekParents Sue Elite Schools for ‘Indoctrinating’ Their Kids With Anti-Racist Polic
Motley Fool2 Things Smart Investors Know About Meituan Stock
One of these lesser-known but very well-established Chinese companies is Meituan (OTC: MPNGF). Meituan is one of the largest platforms in China that most investors are unaware of. Via its mobile app, Meituan facilitated transactions for 678 million consumers in 2022 in services such as food ordering and delivery, hotel and travel booking, and online ticketing.
- Reuters
UPDATE 3-Chinese food delivery giant Meituan beats Q4 estimates with 21.4% revenue jump
Chinese food delivery giant Meituan posted a bigger-than-expected 21.4% rise in quarterly revenue on Friday as it fended off competition from powerful rivals such as Alibaba-backed Ele.me. Meituan - whose so-called super app provides services ranging from bike-sharing, movie ticketing, mapping, to food delivery and restaurant bookings - said its total revenue rose to 60.13 billion yuan ($8.76 billion) for the three months ended December, from 49.52 billion yuan a year earlier. Meituan was hit hard by COVID-19 curbs last year but it swung to a profit in the third quarter as it cut back investment on new initiatives.
ReutersChinese food delivery giant Meituan beats Q4 estimates with 21.4% revenue jump
SHANGHAI (Reuters) -Chinese food delivery giant Meituan posted a bigger-than-expected 21.4% rise in quarterly revenue on Friday as it fended off competition from powerful rivals such as Alibaba-backed Ele.me. Meituan - whose so-called super app provides services ranging from bike-sharing, movie ticketing, mapping, to food delivery and restaurant bookings - said its total revenue rose to 60.13 billion yuan ($8.76 billion) for the three months ended December, from 49.52 billion yuan a year earlier. Meituan was hit hard by COVID-19 curbs last year but it swung to a profit in the third quarter as it cut back investment on new initiatives.
- Reuters
Chinese food delivery giant Meituan posts 21.4% rise in Q4 revenue
Chinese food delivery giant Meituan posted a bigger-than-expected 21.4% rise in quarterly revenue on Friday as it fended off competition from powerful rivals such as Alibaba-backed Ele.me. Meituan - whose so-called super app provides services ranging from bike-sharing, movie ticketing, mapping, to food delivery and restaurant bookings - said its total revenue rose to 60.13 billion yuan ($8.76 billion) for the three months ended December, from 49.52 billion yuan a year earlier. Meituan was hit hard by COVID-19 curbs last year but it swung to a profit in the third quarter as it cut back investment on new initiatives.
BloombergMeituan’s Revenue Jumped After Covid Boosted Meal Delivery
(Bloomberg) -- Meituan’s revenue surged on strong demand for takeaway, giving the world’s largest meal delivery service more leeway to adjust to China’s sudden Covid reopening. Most Read from Bloomberg$52 Billion Chipmaking Plan Is Racing Toward FailureFBI Releases Files on Ivana TrumpNew Yorkers Are Moving to These Three Florida CitiesUBS Veteran Ermotti Returns to Lead Credit Suisse TakeoverBanks in France Face More Than $1.1 Billion Fines After RaidsSales rose 21% to 60.1 billion yuan ($8.8 b
BloombergMeituan’s Billionaire Co-Founder Joins China’s AI Chatbot Rush
(Bloomberg) -- Billionaire Meituan co-founder Wang Xing is clambering aboard a global investment wave to create ChatGPT-like AI bots.Most Read from BloombergCredit Suisse Finds ‘Material’ Control Lapses After SEC PromptUS Core CPI Tops Estimates, Pressuring Fed as It Weighs HikeBillionaire Charles Schwab’s Fortune Is Slammed by SVB Fallout‘Old-School’ Signature Bank Collapsed After Its Big Crypto LeapBonds Rocket, Stocks Steady as Fed Rate Path Eyed: Markets WrapWang, who’s largely stayed out of
ReutersChina's Meituan to restructure ride-hailing unit, reduce service's staff - letter
Chinese tech giant Meituan plans to restructure its ride-hailing service and reduce the number of staff it has working on the platform, according to an internal letter seen by Reuters on Monday and two sources. The company intends to reduce the amount of resources dedicated to the service and a portion of the service's staff will be transferred to other business lines, according to the letter sent by the company's CEO Wang Xing. Meituan declined to comment.
BloombergTesla Punishes Short-Sellers With Losses
(Bloomberg) -- The surge in technology stocks that’s caused renewed losses for short sellers this year looks to be running out of steam, encouraging bears to maintain their bets against long-time targets such as Tesla Inc., Apple Inc. and Meta Platforms Inc.Most Read from BloombergCovid-19 Pandemic Most Likely Came From Lab Leak: WSJNigeria Latest: Jittery Parties; Result Briefing to Start 6 p.m.Subprime Auto Lender American Car Center Closes for BusinessUkraine Latest: Saudi Foreign Minister in
BloombergContrarian Who Called Meituan Rout Sees More Pain for Stock
(Bloomberg) -- Growth for China’s food delivery giant Meituan has peaked as competition heats up in the $145 billion industry, said a China tech analyst, who is the lone bear on the Hong Kong-listed stock. Most Read from BloombergApple Makes Major Progress on No-Prick Blood Glucose Tracking for Its WatchRussian Support for Putin’s War in Ukraine Is HardeningChina’s Cease-Fire Proposal for Ukraine Gets Quick DismissalPlane Forced to U-Turn Minutes Before Landing Sends Passengers Back HomeJerome P
BloombergChina Tech Giant Meituan Hires 10,000 to Counter ByteDance
(Bloomberg) -- Meituan dived its most in two months after unveiling plans to hire as many as 10,000 people this quarter, as the Chinese food delivery company tries to fend off a challenge from ByteDance Ltd. Most Read from BloombergChina Ready to Down Object Flying Near Naval Base: PaperChina Says US Balloons Trespassed Over 10 Times Since Early 2022US Fighters Down More Objects as Tension Ratchets HigherUS Fighter Jet Downs Fourth Aerial Object Over North AmericaUS Shoots Down Fourth Object as
BloombergMeituan Left Out of China Tech Rally as Competition Heats Up
(Bloomberg) -- Chinese tech stocks have powered ahead into the new year, but one internet giant has been notably left out with a staggering ten-day loss.Most Read from BloombergHindenburg’s Short Sell Call Shaves $12 Billion Off Adani StocksUS Confronts China Over Companies’ Ties to Russia War EffortJosh Kushner Is Richer Than Trump After Billionaires Back His FirmTech-Led Slide Fades; Tesla Whipsaws on Earnings: Markets WrapUS and Germany Set to Send Tanks to Ukraine, Breaking DeadlockShares of
CoinDeskChina Launches Smart-Contract Functionality on Digital Yuan Through E-Commerce App Meituan
Through the smart contract, users can win part of a daily prize of $1,312 for using the digital yuan.
BloombergMeituan’s Revenue Climbs 28% After Covid Drives Meal Delivery
(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 BloombergScientists Revive 48,500-Year-Old ‘Zombie Virus’ Buried in IceThese Are the Best and Worst Cities for Expats to Live and Work InBanks Stuck With $42 Billion Debt Seize Chance to Offload ItThis Is Where Luxury Property Prices May Rise and Fall the Most in 2023NYC Becomes One Billionaire Family’s Haven From China Property Cr
ReutersChina’s Meituan beats revenue estimates, swings to profit
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.
BloombergTencent’s $20 Billion Meituan Stake Cut Ignites Internet Selloff
(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 BloombergDisney Shares Jump on Optimism Over Iger’s Surprise ReturnSwedish Housing Is Now in the Worst Rout Since the 1990sMalaysia Latest: Parties Race to Form Government Before DeadlineUS Stocks Drop With Fed Policy, China in Fo
- Bloomberg
Tencent to Distribute $20 Billion Meituan Stake as Dividend
(Bloomberg) -- Tencent Holdings Ltd. pledged to distribute the majority of its shares in meal delivery giant Meituan to investors, as China’s social media leader ramps up plans to reduce its extensive holdings across the world’s largest internet industry.Most Read from BloombergMalaysia Latest: Parties Race to Form Government Before DeadlineMalaysia Latest: Tight Election Race Points to Hung ParliamentFTX Owes Its 50 Biggest Unsecured Creditors More Than $3 BillionWall Street’s Chorus of Buy Chi
Yahoo Finance VideoChina: President Xi may view 'America in strategic contraction,' expert says
Semafor Editor-at-Large Steve Clemons joins Yahoo Finance Live to weigh in on Chinese markets and what Xi Jinping's third term in office means for U.S.-China relations.
BloombergMeituan Said to Mull First Global Push as China Growth Slows
(Bloomberg) -- Chinese food delivery titan Meituan is studying an expansion into Hong Kong and international markets as domestic growth slows, according to people familiar with the matter.Most Read from BloombergStocks Surge in Wild Ride After CPI Data Selloff: Markets WrapCore US Inflation Rises to 40-Year High, Securing Big Fed HikeWorld Faces New Threats From Fast-Mutating Omicron VariantsIntel Is Planning Thousands of Job Cuts in Face of PC SlumpBitcoin Becoming Less Volatile Than Stocks Rai
BloombergTencent’s $2.3 Billion Buyback Spree Fails to Stem Stock Rout
(Bloomberg) -- Tencent Holdings Ltd’s buyback spree is failing to revive investor sentiment over the online gaming giant, whose shares are languishing at a 2018 low. Most Read from BloombergGermany Suspects Sabotage Hit Russia’s Nord Stream PipelinesEverything-Selloff on Wall Street Deepens on 98% Recession OddsStocks, Commodities Drop; US Treasury Yields Surge: Markets WrapGoldman and BlackRock Sour on Stocks as Recession Risk RisesJohn Paulson on Frothy US Housing Market: This Time Is Differen
BloombergTencent Denies Report It Will Sell Down Didi, Meituan Stakes
(Bloomberg) -- Tencent Holdings Ltd. denied a report it was considering selling down investments in companies from Meituan to KE Holdings Inc. to bankroll share buybacks and new businesses.Most Read from BloombergJohn Paulson on Frothy US Housing Market: This Time Is DifferentUK Market Selloff Slams Gilts, Pound, Piling Pressure on BOEStocks, Commodities Drop; US Treasury Yields Surge: Markets WrapWall Street Banks Prep for Grim China Scenarios Over TaiwanOnce-Hot Fake Meat Sees Sales Slide on P
BloombergTencent Targets About $14.5 Billion in Divestments, FT Says
(Bloomberg) -- Tencent Holdings Ltd. has set a soft target of divesting about 100 billion yuan ($14.5 billion) of its $88 billion listed equity portfolio this year as it shifts strategy, the Financial Times reported, citing two unidentified people familiar with the matter.Most Read from BloombergRussia Privately Warns of Deep and Prolonged Economic DamageEnergy Trading Stressed by Margin Calls of $1.5 TrillionIndian Billionaire Closes In on Bezos With 1,000% Stock SurgeUkraine Latest: US Says Ru
BloombergMeituan Sales Beat as Chinese Appetite for Meal Takeout Intact
(Bloomberg) -- Chinese food delivery titan Meituan reported a better-than-expected 16% increase in quarterly revenue, after appetite for meal takeout remained largely intact despite an economic downturn and Covid-related disruptions.Most Read from BloombergJapan to Allow Non-Guided Group Tours From SeptemberPhoto of Secret Documents Piled on Trump Carpet Adds to DOJ PressurePowell Abandons Soft Landing Goal as He Seeks Growth RecessionThere’s a New Recession Canary in the Coal Mine, Morgan Stanl