Meituan (HKG:3690)

Hong Kong flag Hong Kong · Delayed Price · Currency is HKD
137.50
+5.00 (3.77%)
May 6, 2025, 1:15 PM HKT
25.57%
Market Cap 809.30B
Revenue (ttm) 359.26B
Net Income (ttm) 38.11B
Shares Out 6.11B
EPS (ttm) 6.02
PE Ratio 22.00
Forward PE 15.45
Dividend n/a
Ex-Dividend Date n/a
Volume 48,767,133
Average Volume 57,979,754
Open 133.20
Previous Close 132.50
Day's Range 131.20 - 139.20
52-Week Range 100.10 - 217.00
Beta 0.56
RSI 39.85
Earnings Date May 29, 2025

About Meituan

Meituan operates as a technology retail company in the People’s Republic of China. It operates through Core Local Commerce and New Initiatives segments. The company offers food delivery services; and helps consumers purchase local consumer services provided by merchants in numerous in-store categories or make reservations for hotels, and attraction and transportation ticketing. It also sells goods from B2B food distribution services and Meituan grocery; and engages in various businesses, such as Meituan Select, Meituan Instashopping, ride shari... [Read more]

Industry Internet Retail
Founded 2003
Employees 114,731
Stock Exchange Hong Kong Stock Exchange
Ticker Symbol 3690
Full Company Profile

Financial Performance

In 2024, Meituan's revenue was 337.59 billion, an increase of 21.99% compared to the previous year's 276.74 billion. Earnings were 35.81 billion, an increase of 158.43%.

Financial numbers in CNY Financial Statements

News

Alibaba Accelerates Taobao Instant Commerce Launch, Heats Up Rivalry With JD.com, Meituan

In a strategic move, Alibaba Group Holding (NYSE: BABA) has advanced the rollout of its rapid-delivery service, Taobao Instant Commerce. This accelerates the rivalry with JD.com (NASDAQ: JD)and Meit...

3 days ago - Benzinga

Quhuo's Transformation Story Hits Speed Bump Amid China Slowdown

The company is moving away from its original business of providing takeout dining drivers, but revenue for most of its major new initiatives contracted in the second half of 2024 Key Takeaways: Quhuo'...

3 days ago - Benzinga

Alibaba launches Taobao fast-delivery service ahead of time to challenge JD.com, Meituan

The early introduction of the service reflects heightened domestic demand for efficient and affordable delivery of goods ordered online.

3 days ago - South China Morning Post

Alibaba Launches 'Instant Commerce' Rapid-Delivery To Compete With Chinese E-Commerce Rivals

Alibaba Group Holding Ltd. (NYSE: BABA) launched a new rapid-delivery feature on its Taobao shopping platform on Wednesday to compete in China's fast-growing on-demand delivery market against rivals ...

5 days ago - Benzinga

Alibaba gives Taobao on-demand delivery an upgrade in Meituan, JD.com competition

Food delivery service Ele.me is handling orders for Taobao Instant Commerce as e-commerce giants compete on speed.

5 days ago - South China Morning Post

Battle of billionaires: China’s food delivery market faces shake up as JD takes on Meituan

The fight escalated this week as both companies accused each other of blocking delivery riders from accepting orders from rival platforms.

9 days ago - South China Morning Post

Meituan: Fundamentals Intact Amid JD's On-Demand Ambitions

Meituan stock dipped 20% after JD's food delivery entry. Click to read if MPNGY is holding up to challenges presented by the new entrant.

9 days ago - Seeking Alpha

JD.com’s delivery clash with Meituan may worsen $70 billion rout

Analysts are cutting price target for both stocks as the two Chinese tech giants battle to steal each other's market share.

11 days ago - Fortune

JD.com’s billionaire founder delivers food in publicity stunt to challenge Meituan

The move reflects the e-commerce giant’s commitment to expanding its recently launched food delivery business, analysts say.

13 days ago - South China Morning Post

JD.com Accuses Rivals Of Sabotaging Its Takeaway Service, Plans Major Expansion

Chinese e-commerce giant JD.com Inc (NASDAQ: JD) has alleged rival platforms of forcibly persuading couriers to ditch JD Takeaway service, Reuters reported, citing the company’s social media post on ...

14 days ago - Benzinga

JD.com vs Meituan: accusations of monopolistic practices arise in food delivery rivalry

In a public letter, JD.com accused a ‘rival platform’ of preventing delivery riders from using multiple platforms, for which Meituan was fined in 2021.

14 days ago - South China Morning Post

Humanoid workers and surveillance buggies: ‘embodied AI’ is reshaping daily life in China

China’s leaders see artificial intelligence as key to upgrading military strength, solving problems created by a shrinking workforce, and a source of national pride On a misty Saturday afternoon in Sh...

15 days ago - The Guardian

China’s on-demand services market to see ‘clash of titans’ as JD.com takes on Meituan

The new rivalry is a fresh sign of China’s hyper-competitive marketplace, where profit margins have been steadily pushed down.

19 days ago - South China Morning Post

Chinese internet giants Meituan, JD.com help tariff-hit exporters pivot to domestic market

Meituan said it would actively heed the central government’s call to bolster domestic demand and consumption.

21 days ago - South China Morning Post

Hongkongers fuel Chinese app Keeta’s dominance in city’s food delivery market

A week after Deliveroo announced its exit from the Hong Kong market in March, restaurant owner Chris Chow received an ultimatum from Keeta, a food delivery platform backed by Chinese retail giant Meit...

23 days ago - Hong Kong Free Press

Forget the Mag 7. The ‘Terrific 10' Are the Tech Bet for 2025.

Nvidia NVDA-5.74%, Tesla TSLA-5.58%, and the rest of Big Tech are having a rough go of it, while China's Terrific 10— Alibaba 9988+0.46%, Tencent 700+0.49%, Meituan 3690+1.81%, Xiaomi 1810-4.17%, JD.c...

5 weeks ago - Market Watch

Singapore's Grab Eyes $2 Billion Loan To Finance $7 Billion GoTo Deal

On Wednesday, Uber Technologies, Inc (NYSE: UBER) Singaporean rival Grab Holdings (NASDAQ: GRAB) discussed raising a loan of up to $2 billion to back its potential takeover of Indonesian rival GoTo ...

5 weeks ago - Benzinga

Hong Kong stocks trade sideways as Trump tariffs loom; Meituan, Sinopec top losers

Lack of catalysts keeps traders on the sidelines; all eyes on BYD, which reports its earnings later in the day.

6 weeks ago - South China Morning Post

Meituan reports FY results

Discover how Meituan (MPNGF) achieved FY net profit of RMB43.77B with a 22% revenue increase to RMB337.6B.

6 weeks ago - Seeking Alpha

Meituan joins China's AI spending race, says investing 'billions' in chips

Wang Xing, CEO of China's largest food delivery firm Meituan , said on Friday in a post-earnings call that the company is pouring "billions" into chips used to train AI models, with more investment pl...

6 weeks ago - Reuters

Meituan (03690.HK) Reports Strong Growth in Q4 and Full-Year 2024 Financial Results

Meituan (03690.HK) Reports Strong Growth in Q4 and Full-Year 2024 Financial Results

6 weeks ago - GuruFocus

Meituan Nearly Triples Profit Despite Competition

Chinese food-delivery giant Meituan continued its run of strong earnings even as it faces fierce competition and a weaker Chinese economy.

6 weeks ago - WSJ