Meituan Class B 03690.HK

Meituan Dianping is an e-commerce platform for a wide variety of services, covering entire procedures ranging from demand to supply. The company has 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, and more.

Overall, Meituan Dianping covers 2,800 cities and counties across China. It also operates a series of related mobile apps, including Meituan, Dianping, Meituan Waimai, Mobike and others.

In 2018, Meituan’s total transaction amount reached RMB 515.6 billion, representing an increase of 44.3%. The company’s financial highlights for fiscal 2018 included a revenue increase of 92.3% year-over-year to RMB65.2 billion. In the three months ending March 31, 2019, the company’s total revenue increased by 70.1% year-over-year to RMB19.2 billion.

This year, the company served 400 million users and 5.8 million online merchants. Also, in 2018, Meituan Dianping was listed on the Main Board of the Stock Exchange of Hong Kong. Trade this instrument and tune in for regular 03690.HK price updates.