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Meituan (MPNGY)

30.37

+1.16

(+3.97%)

At close: May 9 at 4:00 PM EDT

China tech is seeking growth in the Middle East

China is the world’s largest importer of oil. For decades, countries in the Middle East, especially Saudi Arabia, have prioritised relations...

PREMIUM
Financial Times 6 hours ago

MPNGY
+3.97%
Three High Insider Ownership Hong Kong Stocks Achieving 13% Revenue Growth

Amid a backdrop of fluctuating global markets, Hong Kong's Hang Seng Index recently showcased a robust surge, climbing 8.8% as investor optimism grows around the region's economic prospects. In such an environment, companies with high insider ownership can be particularly appealing, as they often signal strong confidence from those closest to the business in its growth potential and governance.

Simply Wall St. 9 days ago

MPNGF
+6.00%
MPNGY
+3.97%
KSHTY
Meituan to Debut in Riyadh in First Expansion Beyond China

(Bloomberg) -- Meituan is planning to launch its international food-delivery platform in Saudi Arabia’s capital, making its first move outside of greater China as growth slows in its home market. Most Read from BloombergTesla Axes Supercharger Team in Blow to Broader EV MarketNYC Police Break Up Columbia Protest and Clashes Erupt at UCLAAmazon Posts Strongest Cloud Sales Growth in a Year on AI DemandPot Stocks Surge on Report DEA Set to Reclassify MarijuanaBinance Founder Changpeng Zhao Gets Fou

Bloomberg 13 days ago

MPNGY
+3.97%
Positive Meituan News Boosts China ETF Case

Media coverage of China’s economic struggles may be overshadowing some bright spots worth discussing. While, the real estate situation in China has dampened its economy, recent positive news about Meituan (MPNGY) pushes back on that narrative. As such, it may be worth considering how to access MPNGY via a China ETF like the KraneShares CSI [...]

ETF Trends last month

MPNGY
+3.97%
Meituan Revenue Beats Estimates After Staving Off ByteDance

(Bloomberg) -- Meituan’s quarterly revenue climbed a better-than-expected 23%, a sign that it’s making headway in efforts to fend off a challenge from ByteDance Ltd.’s Douyin in China’s meal delivery arena.Most Read from BloombergTrump’s Net Worth Hits $6.5 Billion, Making Him One of World’s 500 Richest PeopleBiden Gains Ground Against Trump in Six Key States, Poll ShowsJapan Amps Up Intervention Threat as Yen Hits Lowest Since 1990Trump Vows to Pay Fraud Trial Bond Cut by 68% to $175 MillionUsi

Bloomberg last month

MPNGY
+3.97%
Meituan Announces Financial Results for the Year Ended December 31, 2023

Meituan (HKG: 3690) (the "Company"), a leading technology-driven retail company in China, today announced the audited consolidated results of the Company for the year ended December 31, 2023.

PR Newswire last month

MPNGF
+6.00%
MPNGY
+3.97%
Meituan Posts Fourth-Quarter Profit on Travel, Consumption Rebound

Meituan reported a profit on higher revenue, as Chinese consumption continued to recover and local businesses rebounded.

The Wall Street Journal last month

MPNGF
+6.00%
MPNGY
+3.97%
Chinese food delivery group Meituan's revenue beats expectations

(Reuters) -Chinese food delivery giant Meituan on Friday reported a bigger-than-expected 22.6% rise in quarterly revenue, defying a slowing Chinese economy and bolstering its ambitions to expand into other markets. Meituan - which has an app that provides services ranging from bike-sharing to ticket-booking and maps - reported revenue in the quarter to Dec. 31 of 73.7 billion yuan ($10.20 billion), versus 60.13 billion yuan in the same period a year earlier. Last May, Meituan entered Hong Kong with new food delivery business KeeTa.

Reuters last month

MPNGY
+3.97%
Alibaba food delivery head steps down in latest exec reshuffle

Longtime Alibaba executive Yu Yongfu will step down as CEO of the firm's local services division at the end of March, according to a company spokesperson. His role, which includes leading food delivery business Ele.me and mapping and navigation service Amap, will be divided between several executives. Wu Zeming will become chairman of Ele.me while Han Liu will take the reins as chief executive.

Reuters 2 months ago

BABA

MPNGY
+3.97%
Alibaba Replaces Head of Delivery Arm Ele.me in Latest Reshuffle

(Bloomberg) -- Alibaba Group Holding Ltd. has replaced the head of businesses from mapping to meal delivery service Ele.me, splitting his duties between younger-generation executives in its latest management change-up.Most Read from BloombergChemical Linked to Cancer Found in Acne Creams Including Proactiv, ClearasilNikki Haley Ends 2024 Bid, Setting Up Trump-Biden RematchNew York to Deploy National Guard to NYC Subways to Fight CrimeStocks and Bonds Climb as Powell Sticks to Script: Markets Wra

Bloomberg 2 months ago

BABA

MPNGY
+3.97%
Top 20 E-Commerce Companies in the World

In this article, we will take a look at the top 20 e-commerce companies in the world. If you want to skip our detailed analysis, you can directly go to Top 5 E-Commerce Companies in the World. E-Commerce Trends for 2024 On January 17, Forbes published a report on e-commerce trends in 2024. Artificial intelligence […]

Insider Monkey 2 months ago

WMT

AMZN

RKUNY
Meituan, Didi Chuxing in the spotlight as China stresses rights of delivery, ride-hailing gig workers

The Chinese government is ordering online platforms to better protect the rights of the country's 200 million gig workers, including ride-hailing and food delivery drivers employed by the likes of Meituan and Didi Chuxing. The Ministry of Human Resources and Social Security (MHRSS) released three new guidelines on Friday, stipulating how operators of delivery, ride-hailing, transport, and household services platforms should ensure that workers' salaries match local minimum wages, and provide the

South China Morning Post 2 months ago

MPNGY
+3.97%
Shanghai delivery worker's 'yuan millionaire' claim sparks heated debate amid China's bleak jobs outlook

Claims by a food delivery worker in Shanghai that he made more than 1 million yuan (US$140,343) in three years, a story widely reported by state media and debated on social media, has offered hope to the unemployed amid China's sputtering economic recovery and bleak job market outlook. Chen Si, a 26-year-old from the central province of Jiangxi, suggested in a series of videos posted on Douyin, the Chinese sibling of ByteDance's TikTok, that he made a total of 1.02 million yuan from three years

South China Morning Post 3 months ago

MPNGY
+3.97%
Meituan Dips Below 2018 IPO Price as Selloff Reaches Extremes

(Bloomberg) -- A sustained, steep selloff in Meituan briefly drove the Chinese delivery giant’s stock below its 2018 initial public offering price. Most Read from BloombergChina Weighs Stock Market Rescue Package Backed by $278 BillionIndia Tops Hong Kong as World’s Fourth-Largest Stock MarketNetflix Pays $5 Billion for ‘Raw’ in Bet on Live EventsAn Isolated Israel Doubles Down on War in Gaza — At All CostsHong Kong Stocks at 36% Discount Show True Depth of China GloomThe Hong Kong-listed shares

Bloomberg 3 months ago

MPNGY
+3.97%
Meituan Becomes No. 2 Hong Kong Food Service Months After Debut

(Bloomberg) -- Meituan has become Hong Kong’s second-largest food delivery platform since debuting in the city last May, a sign that splashy subsidies are boosting the company’s first major foray outside mainland China.Most Read from BloombergAmazon’s Twitch to Cut 500 Employees, About 35% of StaffSEC Authorizes Bitcoin-Spot ETFs in Crypto’s BreakthroughSEC Says FBI Is Investigating Compromise of Agency’s X AccountBoeing CEO Fights Back Tears and Admits ‘Our Mistake’ in 737 AddressThe internet f

Bloomberg 3 months ago

MPNGY
+3.97%
DROOF
Qiming Venture Partners' Portfolio Company UBTech Listed on Hong Kong Stock Exchange

Qiming Venture Partners' portfolio company UBTech, a humanoid robot leader in China, successfully debuted on the Hong Kong Stock Exchange today. The first humanoid robot company to list on the exchange, UBTech (SEHK:9880)'s issue price was HK$90.00 per share, valuing it at HK$37.60 billion.

PR Newswire 4 months ago

XIACF

XIACY
+1.56%
NHZHF
Chinese sister app of TikTok tests the waters with popular dining table list in challenge to local services giant Meituan

Douyin, the Chinese version of TikTok that has been successful converting short video clicks into revenues, has taken a step further into local services by publishing lists of popular dining tables as its answer to the Michelin guide for restaurants. The preferred restaurant list, compiled by Douyin based on user data and expert opinion, was released this week and is stirring up competition with local services giant Meituan, which has been promoting its annual "Black Pearl" restaurant list since

South China Morning Post 4 months ago

MPNGY
+3.97%
China's Big Tech market cap rankings see shake up as NetEase overtakes Meituan for No 4 spot

China's Big Tech landscape continues to undergo seismic shifts, with video gaming and news portal NetEase overtaking food delivery giant Meituan as the country's fourth most valuable listed technology company, after Tencent Holdings, PDD Holdings and Alibaba Group Holding. NetEase's market cap stood at HK$563.2 billion (US$72.1 billion) in Hong Kong on Thursday, compared with Meituan's HK$510.5 billion. On Wednesday, the gaming giant's shares grew 1.7 per cent, driving its market cap up to HK$54

South China Morning Post 4 months ago

NTES

MPNGY
+3.97%
PDD
China food delivery giant Meituan to hire 300,000 additional riders for winter, according to report

Chinese food delivery giant Meituan plans to spend 100 million yuan (US$14 million) to hire around 300,000 food delivery riders in preparation for a surge in demand during winter, according to a local media report. Much of the recruitment funding will go towards hiring more food couriers in cities including Beijing and Shanghai, according to a report by state-backed local media outlet Shanghai Securities News. The company will also bolster hiring in northern and northeastern parts of China, wher

South China Morning Post 4 months ago

MPNGY
+3.97%
EMERGING MARKETS-FX index scales 19-month high on Fed rate cut bets

A major emerging market currencies index hit a 19-month high on Wednesday, lifted by optimism U.S. rate cuts are on the horizon, while delivery giant Meituan's cautious outlook sparked concerns over China's consumer spending recovery. The index is on track for its best month in a year. Expectations of U.S. policy easing that have been driving the greenback lower got a boost after Federal Reserve Governor Christopher Waller, considered a hawk, said rate cuts could begin if inflation continues on a downward trend for several more months.

Reuters 5 months ago

MPNGY
+3.97%

Performance Overview

Return	MPNGY	HANG SENG INDEX
YTD	+44.55%	+9.97%
1-Year	-8.85%	-5.64%
3-Year	-58.85%	-34.48%

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Meituan (MPNGY)

China tech is seeking growth in the Middle East

Three High Insider Ownership Hong Kong Stocks Achieving 13% Revenue Growth

Meituan to Debut in Riyadh in First Expansion Beyond China

Positive Meituan News Boosts China ETF Case

Meituan Revenue Beats Estimates After Staving Off ByteDance

Meituan Announces Financial Results for the Year Ended December 31, 2023

Meituan Posts Fourth-Quarter Profit on Travel, Consumption Rebound

Chinese food delivery group Meituan's revenue beats expectations

Alibaba food delivery head steps down in latest exec reshuffle

Alibaba Replaces Head of Delivery Arm Ele.me in Latest Reshuffle

Top 20 E-Commerce Companies in the World

Meituan, Didi Chuxing in the spotlight as China stresses rights of delivery, ride-hailing gig workers

Shanghai delivery worker's 'yuan millionaire' claim sparks heated debate amid China's bleak jobs outlook

Meituan Dips Below 2018 IPO Price as Selloff Reaches Extremes

Meituan Becomes No. 2 Hong Kong Food Service Months After Debut

Qiming Venture Partners' Portfolio Company UBTech Listed on Hong Kong Stock Exchange

Chinese sister app of TikTok tests the waters with popular dining table list in challenge to local services giant Meituan

China's Big Tech market cap rankings see shake up as NetEase overtakes Meituan for No 4 spot

China food delivery giant Meituan to hire 300,000 additional riders for winter, according to report

EMERGING MARKETS-FX index scales 19-month high on Fed rate cut bets

Performance Overview