Meituan
83690.HK
Hong Kong Stock Exchange60.00
CNY
-0.40
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Meituan
83690.HK
(Hong Kong Stock Exchange)
Recent
price
60.00
P/E
ratio
- -
div
yld
- -
ROIC.AI
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- Business
- Meituan Meituan operates as a leading technology-driven platform for local lifestyle services in China, encompassing on-demand food delivery, in-store services including consumer reviews under the Dazhong Dianping brand, hotel and travel bookings, instant retail, bike-sharing via its Mobike acquisition, and additional offerings such as power-bank sharing, micro-lending, and restaurant management systems; core products include Meituan Waimai for food delivery dominating over 65% market share, Meituan Instashopping for quick commerce covering groceries, medicine, and daily necessities in over 200 cities, upgraded Meituan Grocery as Xiaoxiang Supermarket for fresh produce and pharmaceuticals in tier-1 cities, Meituan Select for next-day bulk purchases of appliances and apparel in lower-tier markets, and expanded hotel partnerships with over 900 chains featuring coupon deals and livestream promotions. Founded in 2010 and headquartered in Beijing at 6 Wangjing East Road, the company serves over 770 million annual transacting users and 14.5 million active merchants across 2,800 counties and cities primarily in mainland China, with a workforce exceeding 100,000 and a rider network of about 7.5 million; it listed on the Hong Kong Stock Exchange in 2018 under ticker 3690.HK and renamed from Meituan-Dianping in 2020. Recent developments feature international expansion through its Keeta food delivery app launched in Hong Kong in May 2023 and in Riyadh, Saudi Arabia in September 2024 with SR1 billion investment targeting 80% market share by 2025, drone delivery initiatives since 2023 partnered with Pony.ai for first-tier cities, self-driving delivery vehicles via IP licensing from Li Auto Inc., rider welfare enhancements including apartment construction with the first 600 units occupied and a RMB10 billion five-year protection system announced in 2025, and the open-sourcing of its LongCat large language model with 560 billion parameters in August 2025 to boost AI innovation.