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Meituan (MPNGY)

Other OTC - Other OTC Delayed Price. Currency in USD
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58.87-2.12 (-3.48%)
At close: 03:59PM EST
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Trade prices are not sourced from all markets
Previous Close60.99
Open60.30
BidN/A x N/A
AskN/A x N/A
Day's Range58.76 - 60.97
52 Week Range49.63 - 118.00
Volume160,120
Avg. Volume111,820
Market Cap187.535B
Beta (5Y Monthly)1.00
PE Ratio (TTM)37.74
EPS (TTM)1.56
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
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  • Reuters

    UPDATE 2-Starbucks ties up with Meituan to bolster presence in crucial China market

    Starbucks, which has seen sales slow in China due to COVID-19's fallout, is attempting to widen its reach in its second-biggest market globally by distributing its coffees through the country's dominant food delivery firm, Meituan. The U.S. coffee chain said on Tuesday it has entered into a partnership with Meituan that will allow its Chinese customers to order coffee delivery and make reservations at its stores via the super-app's platforms. The move comes as competition in the Chinese coffee market is intensifying, and is aimed at expanding the availability of Starbucks, which first begun food delivery services in the country in 2018 through an exclusive partnership with Alibaba Group's Ele.me arm, Meituan's main rival.

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