Meituan

HONG KONG Meituan shares sank as much as 18 per cent after China issued new guidelines asking food delivery platforms to cut fees for restaurants to reduce business costs. 3690HKG price moved over -386 to 21900 February 14 2022.

Meituan In 2021 Chinese New Year Dishes Voice App Restaurant Guide

Meituan 3690HK has delivered a lukewarm meal for investors.

. The 207 billion groups main food delivery business more than doubled quarterly sales to 32 billion from a year earlier. Meituan Reaches Partnership with Luckin Coffee. Meituan is a platform for services aiming to leverage technology to connect consumers and local merchants.

Its apps connect consumers with local businesses for food takeout hotel bookings and movie tickets among other. China delivery giant Meituan raises 10 billion to build a warchest for drones self-driving cars. Chinas largest food delivery service provider launches a test run of its drone delivery service in a Shenzhen commercial.

Meituan operates several well-known mobile apps in China including Meituan Dianping Meituan Waimai and others. Find the latest Meituan 3690HK stock quote history news and other vital information to help you with your stock trading and investing. Please note that any opinions estimates forecasts or recommendations regarding Meituan performance made by these analysts are theirs alone and do not represent the opinions estimates or forecasts of Meituan or its management.

Meituan Dianping is a Chinese company that aspires to be the Amazon of services. Chinas technology companies including Tencent. Listen to this article.

3690HKG price falls below 50-day moving average to 21900 at 1500 GMT February 14 2022. Meituan Wins IDG Global Top Brands Awards for International Innovation Enterprise Brand. Meituan is an investment holding company which engages in the provision of a platform that uses technology to connect consumers and merchants.

Meituan was founded in 2010 by Xing Wang while Dianping was founded way back in 2003 by Tao ZhangBoth companies placed a strong emphasis on. According to recent reports the company is aiming for a more than 60 billion valuation with the IPO. It operates a social commerce website that offers online group discounts for movie tickets groceries food restaurants entertainment and healthfitness sectors.

Meituan is followed by the analysts listed above. It retails and delivers Chinese food from local restaurants online. Chinese food delivery giant Meituan shed 26bn in value on Friday after regulators said they would push to lower the fees food platforms can charge restaurants for delivery.

Meituan wants drones to officially deliver meals in Shenzhen by 2022. In less than 10 minutes the. It operates through the following segments.

Get Meituan 3690-HKHong Kong Stock Exchange real-time stock quotes news price and financial information from CNBC. Meituan to Showcase Autonomous Delivery Technologies at CES 2019. Meituan Announces Financial Results for the Three Months Ended September 30 2021 November 26 2021.

The food delivery giants stock fell by the most since July dragging down the Hang Seng Tech Index which tumbled as much as 36 per cent. The Complete History and Strategy of Meituan. Meituan Acquires Mobike One of the Worlds Largest Bike-Sharing Companies.

Its business comprises over 200 service categories including catering on-demand delivery car-hailing bike-sharing hotel and travel booking movie ticketing and other entertainment and lifestyle services covering over 2800 cities and counties across China. Meituan will now let users pay for offline services from hotels to movie tickets with Chinas digital currency known as the digital yuan or e-CNY. Originally Meituan and Dianping were two separate companies competing in essentially the same space.

We dive into the history behind Meituan the juggernaut Chinese super-app which dominates Chinas services economy offering consumers everything from food delivery restaurant reviews travel booking bike-sharing movie ticketing and countless other entertainment and lifestyle services all at the touch of a button. Meituan claims 340 million users and has 47 merchants across its platform. Its ecosystem adopts a Food Platform strategy encompassing high-frequency services such as food delivery grocery delivery bike-sharing community group-purchasing and booking hotel travel or movie tickets.

SHANGHAI Feb 18 Reuters - Online food delivery group Meituan 3690HK led a rout of Chinese technology company shares on Friday as authorities announced a series of regulatory moves to boost. On a congested sidewalk next to a busy mall in Shenzhen a 20-something woman uses a smartphone app to order a milk tea on Meituan a major food delivery company. Stock analysis for Meituan 3690Hong Kong including stock price stock chart company news key statistics fundamentals and company profile.

Meituan develops and operates a platform providing retail and online group buying services. 20 Apr 2021 0148 PM IST. Meituan shares sank as much as 18 after China issued new guidelines asking food delivery platforms to cut fees for restaurants to reduce business costs.

The robust demand comes as Chinese regulators crack down on technology giants for a range of violations from monopolistic behaviour to flouting rules for handling customer data. Here you can see with a market share of 62 Meituan has become a primary search engine for tourists in China.

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