Meituan Class B
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Xing Wang
- Full Time Employees
- 111,298
- Sector
- Technology services
- Industry
- Packaged software
- Address
- Hengjiweiye Building Beijing BE China 100102
- IPO Date
- Sep 20, 2018
- Website
- meituan.com
- Similar Companies
- Business
- Meituan (3690.HK) operates as a technology-driven retail company providing on-demand local services and daily goods primarily in China, Hong Kong, Macao, Taiwan and select international markets. Founded in 2010 and headquartered in Beijing, the company offers core products and services including food delivery as its largest segment with over 65% market share in China; in-store services such as consumer reviews under the Dazhong Dianping brand; hotel and travel bookings with partnerships across more than 900 chains; instant retail through Meituan Instashopping for goods like flowers, medicine and supermarket items; grocery retail via Xiaoxiang Supermarket with instant delivery of fresh produce and pharmaceuticals in tier-one and tier-two cities; Meituan Select for next-day bulk purchases of appliances, apparel and necessities in lower-tier markets; bike-sharing and e-moped sharing following the 2017 acquisition of Mobike; B2B food distribution under Kuailv; power-bank sharing; micro-credit services; cloud computing; merchant IT advisory and online marketing; and restaurant management systems. Meituan serves over 770 million annual transacting users and 14.5 million active merchants, targeting consumers and merchants in the local commerce and new initiatives segments such as instant delivery, overseas expansion and grocery retail. In recent developments, Meituan launched its overseas food delivery platform Keeta in Hong Kong in May 2023, expanding to Saudi Arabia in September 2024 with plans to cover 80% of the market by 2025 through a SR1 billion investment, the UAE in 2025, and Brazil with a planned USD1 billion investment over five years including digital tools and a 100,000-rider logistics network; entered the US market in 2025 via Peppr, a POS and restaurant SaaS system competing with Toast and Square, targeting independent restaurants with ordering, delivery and marketing tools; advanced AI capabilities with the open-sourcing of its LongCat large language model featuring a 560 billion parameter Mixture-of-Experts architecture in August 2025; introduced UAV drone deliveries up to five kilometers with Pony.ai partnership in 2023 and self-driving vehicles via Li Auto IP license; rebranded and expanded grocery operations by transitioning Meituan Grocery to Xiaoxiang Supermarket in 2023 covering 200 agricultural regions while scaling back unprofitable Meituan Select community group-buying by mid-2025 to focus on instant retail like Flash Buy; and committed RMB2 billion in merchant support funds while deepening collaborations with quality restaurants amid competitive food delivery dynamics.
Company News
Meituan (OTCMKTS:MPNGF) Stock Short Interest Report for September
China investigates Meituan and Alibaba units for suspected violations of competition laws
Hang Seng Index slips as JD Logistics, Meituan, Kuaishou, Trip.com stocks dive
Meituan: Q2 '26 Beat On Temporary Truce; Structural Headwinds Warrant Staying On The Sidelines
Meituan: Still Bullish After Q2 Turnaround
Meituan (MPNGY) Q2 2026 Earnings Call Transcript
Meituan Returns to Profit as Food-Delivery Competition Eases
Meituan swings to profit in Q2 as price wars subside
Hang Seng Index nears golden cross as Meituan, Lenovo, Alibaba stocks jump
Apple veteran's Chinese smart-glasses firm becomes unicorn as Tencent, Meituan fund rival to Meta
Smart glasses maker Even Realities hits $1B valuation with $150M funding led by Meituan, Tencent
Alibaba Reportedly Eyeing A Super-Sized Bid For Pupu Following Meituan's Dingdong Deal
Meituan: Business Recovery Well Underway, Reiterate Buy
Meituan: Downgrade To HOLD As Structural Recovery Meets Cyclical Stagnation
Meituan (MPNGY) Q1 2026 Earnings Call Transcript
Meituan Logs Another Loss Amid Food-Delivery Price War
Brazil's iFood sues Meituan-backed Keeta over alleged espionage
Meituan: A Messy Quarter, But Underlying Trends Are Positive
Meituan: A 'Buy' On Narrowing Losses And Regulatory Tailwinds (Upgrade)
Meituan (MPNGY) Q4 2025 Earnings Call Transcript