Meituan (MPNGF) Research
Meituan oversees a comprehensive digital marketplace that provides a diverse array of services to consumers. The company structures its operations across three primary divisions: Food Delivery; In-store, Hotel & Travel; and New Initiatives and Others. Within its Food Delivery arm, customers can conveniently place orders for meals prepared by various merchants. The In-store, Hotel & Travel segment allows users to acquire local consumer services from numerous in-store businesses or to book accommodations and tourist attractions. The New Initiatives and Others segment includes revenues from B2B food wholesale and Meituan grocery services, alongside various emerging ventures such as Meituan Instashopping, community e-commerce platforms, shared transportation options like bike and electric moped rentals, and micro-credit offerings. Founded in 2003, the enterprise was formerly identified as Meituan Dianping until it rebranded as Meituan in October 2020. Its corporate headquarters are located in Beijing, China.
Market snapshot
- Symbol
- MPNGF
- Price
- $9.20
- Day change
- +0.11%
- Market cap
- $382.9B
- P/E ratio
- -9.43x
- 52-week range
- 8.89-18.3
- Sector
- Consumer Cyclical
- Industry
- Specialty Retail
- Next earnings
- in 2 months
- Analyst price target
- $10.00
Recent news
- Alibaba Reportedly Eyeing A Super-Sized Bid For Pupu Following Meituan's Dingdong Deal
Alibaba is reportedly offering $1.5 billion for regional online grocer Pupu, more than double the $600 million offered by a previous bidder
- Meituan Logs Another Loss Amid Food-Delivery Price War
China's top food-delivery company stayed in the red for the third consecutive quarter.
- Brazil's iFood sues Meituan-backed Keeta over alleged espionage
Brazilian food delivery app iFood, owned by Dutch investment group Prosus , is suing rival Keeta, controlled by Chinese group Meituan , for alleged unfair competition in Brazil.
Peer companies
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