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Meituan (MPNGF)

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21.08

+0.08

+(0.38%)

At close: February 21 at 3:00:00 PM EST

Walmart China allies with Meituan for delivery service

E-commerce represents almost half of Walmart's sales in the country.

Retail Insight Network 2 months ago

WMT

MPNGY
+0.10%
Walmart Collaborates With Meituan to Boost China E-Commerce Sales

The U.S. retail giant has formed a strategic partnership with Meituan, and its goods will be available on the Chinese delivery company’s app.

The Wall Street Journal 2 months ago

MPNGF
+0.38%
MPNGY
+0.10%
WMT
Walmart partners with China's Meituan for 30-minute deliveries 'anytime, anywhere'

US retail giant Walmart is teaming up with Chinese on-demand delivery giant Meituan, promising speedy door-to-door service on the mainland, four months after it sold its stake JD.com, winding down the long-time partnership. Walmart's China unit said on its official WeChat account that all of its stores across the country are now listed on Meituan's platform, making groceries and other goods available for immediate delivery. Meituan vice-president Xiao Kun said that by using the Shangou service,

South China Morning Post 2 months ago

WMT

MPNGY
+0.10%
Walmart teams up with delivery firm Meituan in bid to boost China e-commerce sales

SHANGHAI (Reuters) -Walmart said on Tuesday it had formed a strategic partnership with Meituan under which the Chinese firm has begun providing delivery services for Walmart goods and the U.S. company will be featured on its popular app. The move will help Walmart accelerate its e-commerce business in China, which accounts for nearly half of its sales in the country, Walmart's China unit said in a Wechat post. The partnership follows Walmart's sale of a stake in Chinese e-commerce firm JD.com for $3.7 billion in August, allowing it to diversify beyond JD's logistics services.

Reuters 2 months ago

MPNGY
+0.10%
WMT
December 2024 Growth Companies With Strong Insider Ownership

As global markets continue to navigate a landscape marked by political shifts and economic data releases, major U.S. indexes have shown mixed results with growth stocks leading the charge, notably outperforming their value counterparts. In this environment of dispersed sector performance and heightened anticipation around central bank decisions, companies with strong insider ownership can offer unique insights into potential growth trajectories, as insiders often possess valuable knowledge...

Simply Wall St. 2 months ago

MPNGF
+0.38%
MPNGY
+0.10%
9863.HK
China's Meituan to expand Keeta food delivery service to more Middle East cities, sources say

Chinese food delivery giant Meituan, which operates the Keeta brand in Hong Kong and Saudi Arabia, is set to expand to more Middle Eastern and North African countries, according to two sources familiar with the matter. Keeta, which launched in the Saudi Arabian city of Al-Kharj in September and has since entered the capital Riyadh, will be available in Dammam and Jeddah, two other major cities in the Gulf nation, by year end, the two people said. The platform will then go to Mecca and Medina, Is

South China Morning Post 2 months ago

MPNGY
+0.10%
Meituan (MPNGF) Q3 2024 Earnings Call Highlights: Record Revenue and Profit Surge Amid ...

Meituan (MPNGF) reports a 22.4% revenue increase and a 124% profit surge, driven by innovative business models and strategic market expansion.

GuruFocus.com 2 months ago

MPNGY
+0.10%
Meituan Revenue Beats Estimates in Sign of Chinese Recovery

(Bloomberg) -- Meituan’s quarterly revenue climbed a better-than-expected 22%, signaling a gradual recovery in online commerce and travel as Beijing tries to jumpstart the economy.Most Read from BloombergAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesChina’s meal delivery leader posted sales of 93.6 billion yuan ($12.9 billion) in the September quarter, versus

Bloomberg 2 months ago

MPNGY
+0.10%
BABA
3 Stocks Trading Below Estimated Value In November 2024

As global markets experience broad-based gains with U.S. indexes nearing record highs, investors are navigating a landscape marked by geopolitical tensions and economic uncertainties. Amid this environment, identifying stocks trading below their estimated value can offer potential opportunities for those looking to capitalize on market inefficiencies. In such conditions, a good stock is often characterized by strong fundamentals and resilience in the face of broader market fluctuations,...

Simply Wall St. 2 months ago

MPNGF
+0.38%
MPNGY
+0.10%
6066.HK
Meituan reports strong Q3 earnings

Meituan (HK:3690) reported a strong set of results for the third quarter of 2024, with revenue and profitability beating market expectations and posting robust growth across its key business segments. Total (EPA:TTEF) revenue grew by 22.4% year-over-year to RMB93.6 billion, coming in ahead of consensus forecasts. Core local commerce remained a standout performer, with revenue rising 20.2% year-over-year to RMB69.4 billion.

Investing.com 2 months ago

MPNGY
+0.10%
Meituan's revenue soars 22% as demand for discounted meals boosts local commerce

Chinese food delivery and on-demand service giant Meituan on Friday reported a 22.4 per cent gain in revenue in the third quarter on the back of strong growth in its core local commerce business, boosted by demand for its discounted meals. Revenue for the three months ended September 30 reached 93.6 billion yuan (US$12.9 billion), up from 76.5 billion yuan a year earlier, helped by supply-chain upgrades that improved efficiency in on-demand deliveries, the Beijing-based company said. Adjusted ne

South China Morning Post 2 months ago

MPNGY
+0.10%
Chinese food delivery giant Meituan beats quarterly revenue estimates

SHANGHAI (Reuters) -China's largest food delivery firm Meituan posted a bigger-than-expected 22.4% rise in third-quarter revenue on Friday, defying sluggish Chinese consumption. Meituan, which has an app that provides services as varied as bike-sharing, ticket-booking and maps, reported revenue in the three months to Sept. 30 at 93.58 billion yuan ($12.94 billion), up from 76.47 billion yuan in the same period a year earlier. Penny-pinching Chinese consumers have led to low-cost and discounted products becoming the focus for shoppers and platforms alike, benefiting Meituan, which delivers the goods for a small fee.

Reuters 2 months ago

MPNGY
+0.10%
Meituan, Chow Tai Fook Earnings to Offer Clues on China Consumer Sentiment

(Bloomberg) -- Meituan and Chow Tai Fook Jewellery Group Ltd.’s earnings should reveal how China’s consumer market is shaping up, with sentiment weighed down by a slow economic recovery, prolonged property woes and an unstable employment environment. Most Read from BloombergNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasIn Italy’s Motor City, Car-Free Options Are GrowingIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Kansas City, a First-Ever Stadium Designed for Wom

Bloomberg 2 months ago

CJEWY

MPNGY
+0.10%
Trending tickers: Alphabet, Reddit, Gap, Boeing and Ryanair

The latest investor updates on stocks that are trending on Friday.

Yahoo Finance UK 3 months ago

BP

BPAQF

GBPUSD=X
Meituan aims to launch drone deliveries in Hong Kong's low-altitude economy

Food delivery giant Meituan is looking to launch its drone delivery services in Hong Kong, joining a slew of Chinese tech giants that are searching for new growth in the city amid stiff competition on the mainland. Meituan aims to be one of the first companies to operate a drone delivery fleet in Hong Kong, where the government is moving to boost its low-altitude economy, company vice-president Mao Yinian said during a talk at the Hong Kong University of Science and Technology on Saturday. The c

South China Morning Post 3 months ago

MPNGY
+0.10%
Google names Meituan-owned Keeta, video game AFK Journey among 'Best of 2024' Android apps

Google Play, the official online store for Android-based apps, has named Meituan-owned online delivery platform Keeta and fantasy role-playing game AFK Journey, developed by the global publishing unit of Shanghai firm Lilith Games, among the winners of its "Best of 2024" awards in Hong Kong. Keeta, which was rolled out in Hong Kong in May last year, on Tuesday received the distinction as "Best Everyday Essential" on internet giant Google's store in Hong Kong. The award is for "an app that seamle

South China Morning Post 3 months ago

GOOG

MPNGY
+0.10%
Chinese tech groups build AI teams in Silicon Valley

China’s biggest technology groups are building artificial intelligence teams in Silicon Valley, seeking to hire top US talent despite Washington...

PREMIUM
Financial Times 3 months ago

BABA

MPNGY
+0.10%
Stocks to watch this week: Nvidia, Walmart, Imperial Brands, JD Sports and Royal Mail

Earnings preview of key companies reporting this week and what to look out for.

Yahoo Finance UK 3 months ago

GBPEUR=X

GBP=X

EUR=X
Meituan (SEHK:3690) eyes Southeast Asia expansion to leverage growth amid strong earnings performance

Meituan(SEHK:3690) has recently completed a significant fixed-income offering of $1.19562 billion in senior unsecured notes, showcasing its robust financial health and strategic expansion efforts. Despite impressive earnings growth of 175.5% over the past year, challenges such as rising operational costs and a lower-than-benchmark ROE of 14% suggest areas for improvement. This report will delve into Meituan's strategic initiatives, financial performance, and potential market risks.

Simply Wall St. 3 months ago

MPNGF
+0.38%
MPNGY
+0.10%
Meituan co-founder Wang Huiwen returns to lead AI push after hiatus, report says

A co-founder of China's food delivery giant Meituan has returned to the company to lead its efforts in artificial intelligence (AI), as Big Tech firms rush to adopt the fast-developing technology in their operations, according to local media. Wang Huiwen, who stepped down last year as non-executive director and member of the nomination committee, will be partially in charge of Meituan's generative AI endeavour, tech news site 36Kr reported on Wednesday, citing anonymous sources. Wang, 46, will h

South China Morning Post 3 months ago

MPNGY
+0.10%

Performance Overview

Return	MPNGF	HANG SENG INDEX
YTD	+7.62%	+16.36%
1-Year	+108.51%	+39.55%
3-Year	-4.44%	+1.92%

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Meituan (MPNGF)

Walmart China allies with Meituan for delivery service

Walmart Collaborates With Meituan to Boost China E-Commerce Sales

Walmart partners with China's Meituan for 30-minute deliveries 'anytime, anywhere'

Walmart teams up with delivery firm Meituan in bid to boost China e-commerce sales

December 2024 Growth Companies With Strong Insider Ownership

China's Meituan to expand Keeta food delivery service to more Middle East cities, sources say

Meituan (MPNGF) Q3 2024 Earnings Call Highlights: Record Revenue and Profit Surge Amid ...

Meituan Revenue Beats Estimates in Sign of Chinese Recovery

3 Stocks Trading Below Estimated Value In November 2024

Meituan reports strong Q3 earnings

Meituan's revenue soars 22% as demand for discounted meals boosts local commerce

Chinese food delivery giant Meituan beats quarterly revenue estimates

Meituan, Chow Tai Fook Earnings to Offer Clues on China Consumer Sentiment

Trending tickers: Alphabet, Reddit, Gap, Boeing and Ryanair

Meituan aims to launch drone deliveries in Hong Kong's low-altitude economy

Google names Meituan-owned Keeta, video game AFK Journey among 'Best of 2024' Android apps

Chinese tech groups build AI teams in Silicon Valley

Stocks to watch this week: Nvidia, Walmart, Imperial Brands, JD Sports and Royal Mail

Meituan (SEHK:3690) eyes Southeast Asia expansion to leverage growth amid strong earnings performance

Meituan co-founder Wang Huiwen returns to lead AI push after hiatus, report says

Performance Overview