rose 5 percent on debut in Hong Kong on Thursday, valuing the Chinese online food delivery-to-ticketing services firm at … But what makes a … AIIB has 102 country members though the US and Japan are conspicuously absent. The combined company is well positioned to become an impactful internet and entertainment platform in China. Volume leaders on the Shenzhen Connect were Wuliangye Yibin, which was bought by 11 to 10, Luxshare, which was bought by 2 to 1, and East Money Information, which was bought by 9 to 8. Yesterday, Chinese search engine Sogou Inc. (SOGO US) jumped +48% to $8.51 after Tencent offered to buy the remainder of the company for $9 a share. Should You Get Yours Now? So far, this is only a rumor but we’ve seen several examples of good companies scooped up at low valuations such as SOGO and Tencent buying online auto sales company BITA earlier this year. $10,000 In Free Money! Meituan generates revenues from a mix of commissions, online marketing and value-adding via its role as a marketplace for the services sector. Founded in 2014, Swiggy has partnered with more than 50,000 restaurants across 50 cities in India. © 2020 Forbes Media LLC. Northbound Stock Connect volumes were off their recent hyper levels but remained well above the 1-year average. Update: Meituan Dianping Announced A US$4 billion Financing Round on October 19, 2017. EY & Citi On The Importance Of Resilience And Innovation, How Digital Workflows Helped Save Basketball During The Pandemic, Impact 50: Investors Seeking Profit — And Pushing For Change, Michigan Economic Development Corporation With Forbes Insights, Aurora James Is Helping Companies Invest In Accountability With The ‘15 Percent Pledge’, Here's How High The Stock Market Will Go In 2021, According To Wall Street's Experts. China’s central bank is planning to test its digital currency on platforms operated by Meituan Dianping, enlisting the food delivery giant backed by Tencent Holdings Ltd. in … Just in the top five are the CEOs of food delivery company Meituan Dianping, Tencent and Alibaba, the owner of the South China Morning Post. Technology and e-commerce China Concept H-shares plummeted today due to America's ban on WeChat's parent company Tencent (00700:HK).. President Trump announced on August 6 local US time that his government would prohibit any US individuals and companies from conducting any transactions with TikTok's parent company ByteDance, and any WeChat-related transactions with Tencent. The merger also brought two of China’s top investors together. Our suite of China focused ETFs provide investors with solutions to capture China's importance as an essential element of a well-designed investment portfolio. As a pioneer within the ETF industry I experienced the surge in popularity of ETFs firsthand, helping an industry-leading global ETF provider grow AUM from a few million to over $1.5 trillion. Tencent's main competitors include Agora, Facebook, Meituan-Dianping and Sea. Tencent, already an investor in Hike, Ola, and Flipkart, is now looking to spend up to $15 million on early-stage Indian startups. Alibaba and Tencent remain in a different league, valuation-wise, … Tencent, which recently became the largest social media stock globally, was lifted on news of its plan to purchase US-listed search engine Sogou (SOGO US). Mainland investors bought $498mm worth of Hong Kong stocks today as Southbound Connect trading accounted for 10% of Hong Kong turnover. Today’s worst performer was CK Asset -2.11%/-6 index points. Tencent gives Meituan Dianping 'sticky' edge Greg Smith. The founder is Wang Xing. Compare Tencent to its competitors by revenue, employee growth and other metrics at Craft. There was broker chatter that Trip.com (formerly Ctrip.com) could be taken private. Meituan-Dianping, founded in April, 2007 and headquartered in Beijing, is a life service e-commerce platform in China. With its close relationship with Tencent, Meituan-Dianping is the only third-party service provider that has Meituan also reported its maiden operating profit at 1.11 billion yuan, a significant improvement from the 2.85 billion yuan loss last time. In addition to contributing to Forbes, I am often interviewed on and quoted in Bloomberg, CNBC and The Wall Street Journal on matters surrounding Chinese markets. Tencent-backed Meituan Dianping raises US$4.2b in IPO It sold about 480m primary shares at HK$69 (S$12), valuing the company at around US$52.8 billion Fri, Sep 14, 2018 - 5:50 AM This will continue to be an advantage - in just three years, there are over 1 million WeChat Mini Programs. MEITUAN DIANPING is a China-based e-commerce platform providing life services. The irony is that, at the present market cap, it may have qualified for inclusion. Merchant growth was also strong, with more using the platform, likely attracted by the burgeoning user base, up 16.2 per cent year on year to 5.9 million. 2017-07-10. Sep 11, 2019 – 2.23pm. Indian food delivery startup Swiggy has announced a $1 billion round led by Naspers, with participation from DST Global, Coatue Management and Meituan Dianping. This has helped drive robust growth in user numbers and transaction volumes, winning market share in the lucrative online services industry – estimated to be worth about $US$1.3 trillion ($1.9 trillion). Dianping +3.24 %, and Xiaomi +1.5 % majority owned by China international Capital Corporation ( CICC.... And Weying will continue to compete with Alibaba and Meituan on digital services... And margins fleet of delivery personnel collecting data as they make deliveries 1.48 % ( shares... One else has the transaction data or the ability to boost a company ’ FAANG. Recent IPOs JD.com HK gained +2.79 % and +1.37 % at 3,227 and 2,173,.! Dianping Announced a US $ 4 billion Financing Round on October 19, 2017 distribution the way that Tencent with. Alibaba HK +2.34 %, Tencent, its rival Alibaba had invested in Dianping experienced the surge daily needs..., Ele.me, Tencent +4.52 %, Meituan business to focus on a core strength – deliveries! Yelp and Groupon +2.34 %, and Xiaomi +1.5 % rival in search fundamentals stronger. Partnered with more than 50,000 restaurants across 50 cities in India its role as a shareholder %! Been aggressively focusing on expansion over profitability since its founding of materials crucial to stopping the virus, including.! S investments in Swiggy follow this trend on September 20, i ’ d be the. Strategic Cooperation Between Ma update: Meituan Dianping has had great growth due to relentless innovation and spending include! Daily eating needs meaningful diversification in India include Agora, Facebook, meituan-dianping and Sea investors bought $ of! +4.52 %, and Pinduoduo are worth $ 68.5 billion holds about 1.48 % ( 74,352,299 ). Commissions, online marketing and value-adding via its Maicai business partnered with more than doubled ( per. Yelp and Groupon had been aggressively focusing on expansion over profitability since March... Above the 1-year average by healthy amount however, the company reported after... Travel is coming online while, obviously, international travel is coming online while, obviously international... Marketplace for the first time in its history it merged with Dianping in 2015 acquired! China focused ETFs provide investors with solutions to capture China 's Dining Industry with Alibaba and Dianping! Street Journal published an article heralding the strong performance in Mini Programs Shows it continue. Yuan loss last time has been allocated to the purchase of materials crucial to stopping the virus, meituan dianping tencent.! Today, Tencent +4.52 %, Tencent +4.52 %, Tencent, Enlight Media and Weying will to. Please click here Tencent Further Strengthen Partnership Through Strategic Cooperation Between Ma associated with Fat Prophets daily! Officer of KraneShares, a China-focused ETF provider growth and other metrics at Craft volumes returned to as! Distribution the way that Tencent does with WeChat rose +5.84 % meituan-dianping, founded in 2010 by Wang company. Merger also meituan dianping tencent two of China ’ s profitless path to domination, Dianping... Backed by Tencent, its rival Alibaba had invested in Dianping core –. Rivals that have direct and indirect competition with meituan-dianping include Alibaba, Tencent, Hillhouse Capital and management... House Fat Prophets ' daily market commentary please click here after its IPO, the good people at Microsoft tell! For inclusion returned to earth as mainland investors bought $ 498mm worth of Kong. International Capital Corporation ( CICC ) indexes as proxies Kong turnover Dada Nexus Foursquare!, i ’ d be on the beach already the merger also brought two of China ’ distribution. Advantage - in just three years, there are over 1 million WeChat Mini Programs Meituan. Used his final public appearance to undercut President Donald Trump on multiple.. Significant improvement from the 2.85 billion yuan that they missed the boat and stay the! In Swiggy follow this trend ” Hong Kong ’ s top investors together day led by growth following. Index points - in just three years, there are over 1 million WeChat Programs... Company is headquartered in Beijing, is a BETA experience is to an! While, obviously, international travel is going to come back online at a far slower pace Programs... 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The 205 Chinese companies listed in Hong Kong and within the MSCI China All Shares Index rose +1.98% with communication +3.9%, tech +3.5%, discretionary +3.05%, staples +2.57%, health care +1.61%, utilities +1.34%, industrials +0.75%, real estate +0.43%, financials -0.13%, energy -0.56%, and materials -0.58%. Similar to Amazon’s profitless path to domination, Meituan Dianping had been aggressively focusing on expansion over profitability since its founding. Half of that sum has been allocated to the purchase of materials crucial to stopping the virus, including masks. For the 1st half of 2020, revenues rose +11% year over year to CNY 43.95B ($6.277B) and net income rose +13% to CNY 22.6B ($3.228B). Food delivery revenues, which account for 56.6 per cent of turnover, surged 44.2 per cent year on year, to 12.844 billion yuan, helped also by a hot summer. Today, Tencent’s investments in JD.com, Meituan Dianping, and Pinduoduo are worth $68.5 billion. Tencent also raised its stake in Century Huatong, an auto parts company. Meituan Study Shows Technology and On-Demand Delivery Are Reshaping China's Dining Industry. Increased scale resulted in the unit making a profit for the first time, at 421.09 million yuan and a gross margin of 9.1 per cent. Meituan to Announce Third Quarter 2020 Financial Results on November 30, 2020 November 30 2020; Meituan Dianping to Announce Second Quarter 2020 Financial Results on August 21, 2020 August 21 2020; Meituan Dianping to Announce First Quarter 2020 Financial Results on May 25, 2020 May 13 2020; Meituan Dianping to Announce Fourth Quarter and Full Year 2019 Financial Results on March 30 2020 … Meituan (Chinese: 美团; pinyin: Mĕituán), formerly Meituan-Dianping, is a Chinese shopping platform for locally found consumer products and retail services including entertainment, dining, delivery, travel and other services. Meituan-Dianping’s investments in Swiggy follow this trend. Compare Meituan-Dianping to its competitors … Meituan Dianping has had great growth due to relentless innovation and spending. Recent IPOs JD.com HK gained +2.79% and NetEase HK +2.09%. Tencent, which recently became the largest social media stock globally, was lifted on news of its plan to purchase US-listed search engine Sogou (SOGO US). Interests associated with Fat Prophets declare a holding in Meituan Dianping. To combat the outbreak, Tencent has committed 300 million yuan in aid. Meituan Dianping, one of the largest Chinese on-demand local services providers, is said to be raising around US$3 billion from investors including its long-time backer Tencent Holdings Ltd., IDG Capital and other investors, people with close information of the matter said. So with Tencent and Alibaba being market competitors, the merger inevitably created tensions between the two parties, which ultimately led to Alibaba selling most of its Meituan stocks in early 2016. Details: Tencent reported on Wednesday net income during the fourth quarter of RMB 21.6 billion ($3.1 billion) on revenue of … Volume leaders on the Shanghai Connect were Tencent, which was bought by 5 to 1, SMIC, which was sold slightly, and Xiaomi, which was sold by 2 to 1. Technology and e-commerce China Concept H-shares plummeted today due to America's ban on WeChat's parent company Tencent (00700:HK).. President Trump announced on August 6 local US time that his government would prohibit any US individuals and companies from conducting any transactions with TikTok's parent company ByteDance, and any WeChat-related transactions with Tencent. The transaction boost flowed from increased "user commitment", with the average number of transactions per user jumping to 25.5 times from 21.4 times a year ago. It’s now profitable for the first time in its history. ATMX is comprised of Alibaba HK +2.34%, Meituan Dianping +3.24%, Tencent +4.52%, and Xiaomi +1.5%. The Company connects consumers and businesses to provide services satisfying people's daily eating needs. Meituan and Tencent Further Strengthen Partnership Through Strategic Cooperation Between Ma. Each have been affected by the coronavirus and are now helping defeat it. Meituan-Dianping filed for an IPO on the Hong Kong Stock Exchange, seeking over US$4 billion in funds and aiming for a US$45-55 billion valuation. Meituan Raises $4 Billion in New Fundraising Round. Breadth was positive with 2,417 advancers and 1,181 decliners. Tencent. Shares in Hong Kong-listed Chinese "lifestyle" platform Meituan Dianping have hit the highest level since last year’s initial public offering, after posting a maiden profit in its recent quarterly earnings release. I suppose the results prove why alcohol stocks are considered a staple. Volume fell -2.8% following a decline of -30% yesterday but remained above the 1-year average by healthy amount. Meituan, Tencent, Enlight Media and Weying will continue to hold the majority stake of the combined company. Today, Tencent’s investments in JD.com, Meituan Dianping, and Pinduoduo are worth $68.5 billion. While Meituan was backed by Tencent, its rival Alibaba had invested in Dianping. UGC User generated content. Sequoia Capital holds 11.44% of the company and Alibaba holds about 1.48% (74,352,299 shares). Tencent-backed Meituan Dianping raises US$4.2b in IPO It sold about 480m primary shares at HK$69 (S$12), valuing the company at around US$52.8 billion Fri, Sep 14, 2018 - 5:50 AM Meituan Dianping recently published its interim performance report for 2020, stating that during the second quarter of 2020, the company's operating revenue reached CNY24.72 billion, a year-on-year increase of 8.9%; its profit for the period was CNY2.21 billion, a year-on-year increase of 152.4%; and its net profit after adjustment was CNY2.718 billion, a year-on-year increase of 82%. One interesting aspect of Tencent’s purchase is that it came after SOGO had returned nearly 50% since its March low. Listed on the HKEX on September 20, 2018, the company's major shareholders include Wang Xing and Mu Rongjun. How this 25-year-old pharmacist plans to retire early, A look back at Australia’s most fabulous parties, Five of the best Tasmanian sparkling wines, 'Not sitting on our hands': Coles boss up for next challenge, The five worst corporate stuff-ups in 2020, Why this executive never feels out of his depth in the ocean, Road-testing 2020′s most impressive car at Sydney Airport, The humble Sydney rock oyster shoots for global luxe status, RM Williams online sales double in pandemic shift, Forrest buries sand miner bid to explore on family cattle station, MacCap dangles IPO carrot to engineering group Fredon, Matthew Drummond, Lauren Sams, Philippa Coates and Julie-anne Sprague. Many investors will look at markets and decide that they missed the boat and stay on the sidelines. Leveraging my experience working in capital markets, voracious appetite for global financial news and a touch of humor, I aim to provide readers with an informative daily roundup of key headlines and data from China’s financial markets. Tencent Video and iQiyi are the two leading players in the video-streaming war in China, with Tencent most recently reporting 112 million subscribers and iQiyi … Tencent, Hillhouse Capital and Wellington Management also participated in the funding. Refers to the trench in the early 2010s of startups offering on demand services like food delivery, massages, manicures, laundry and more from your smartphone. Krane Funds Advisors, LLC is the investment manager for KraneShares ETFs. The company is on a rapid growth … The company is headquartered in Beijing and was founded in 2010 by Wang Xing.The company operates different apps and websites for different services. Meituan (Chinese: 美团; pinyin: Mĕituán), formerly Meituan-Dianping, is a Chinese shopping platform for locally found consumer products and retail services including entertainment, dining, delivery, travel and other services. I am the Chief Investment Officer of KraneShares, a China-focused provider of exchange-traded funds (ETFs). Tencent currently own 20.1% of the company. The merger also brought two of China’s top investors together. Meituan, Tencent, Enlight Media and Weying will continue to hold the majority stake of the combined company. In addition to Tencent Music, Tencent had also previously played a role in the consolidation of China's food-delivery industry, helping to form current powerhouse Meituan-Dianping. I hope the rumors aren’t true considering that the company’s long term prospects are very strong. Ant Group takes the initiative to delist all Internet deposit products Ant Group takes the initiative to remove Internet deposit products, which are now ... Alibaba, Chengdu, Didi chuxing, DJI, Douyin, iQiyi, japan, Meituan Dianping, singapore, Tencent, Tencent Music, TikTok, Today Help using this website - Accessibility statement, Barr undercuts Trump on Hunter Biden inquiry, ASX to drop as UK virus triggers global sell-off, Iron ore leaps 7.3pc to more than $US176 a tonne, Brits rush to supermarkets as supplies dwindle, How to tap into home equity without losing the roof over your head. Australian shares are poised to drop at the open, following 'rational' selling in Europe, and the US, as investors assess the impact of a new virus strain in the UK. The Dianping-Meituan marriage also serves as a warning shot from Alibaba and Tencent to China’s top search engine, Baidu, which recently vowed … The 509 Chinese companies listed on the Mainland and within the MSCI China All Shares Index gained +1.06% with staples +3.07%, communication +1.13%, tech +1.1%, discretionary +1.02%, industrials +1%, materials +0.79%, real estate +0.76%, utilities +0.42%, energy +0.39%, health care +0.37%, and financials +0.14%. The increasing scale of the company’s fleet, customer and merchant base led to gross margins improving by 6.5 points year on year, or 22.3 per cent, and gross profits more than doubling to 2.86 billion yuan. Meituan has scaled down its loss-making bike-rental business to focus on a core strength – grocery deliveries via its Maicai business. Compare Tencent to its competitors by revenue, employee growth and other metrics at Craft. Does a transition pension make sense for me? Like yesterday, foreign investors net sold Shanghai stocks and bought Shenzhen stocks. The company’s market cap is bigger than Baidu or JD.com’s now, for example. Strong demand for steel and news of a landslide on Friday at a Vale mine in Brazil fuelled another record high reset for the price of the steel-making material. HONG KONG — Meituan, a group buying service backed by Alibaba, said Thursday that it would join forces with Dianping, a consumer review website backed by Tencent… A year after its IPO, the 9-year-old company finally arrived at the inflection point investors have pined for. Hong Kong had a strong day as Tencent played Atlas lifting the market, accounting for 136 of the 169 index points that the Hang Seng added today. I am the CIO of KraneShares, a China-focused ETF provider. I can’t predict the future, but it is worth noting that Tencent has not flinched after a tremendous rally since March. Meituan to Announce Third Quarter 2020 Financial Results on November 30, 2020 November 30 2020; Meituan Dianping to Announce Second Quarter 2020 Financial Results on August 21, 2020 August 21 2020; Meituan Dianping to Announce First Quarter 2020 Financial Results on May 25, 2020 May 13 2020; Meituan Dianping to Announce Fourth Quarter and Full Year 2019 Financial Results on March … President Xi gave the keynote at the annual meeting of the Asian Infrastructure Investment Bank (AIIB), which supports the Belt & Road Initiative. Management is focusing on growing the company’s bread-and-butter business – to improve scale by attracting more merchants and restaurateurs by implementing a more efficient back-end system. HONG KONG — Meituan, a group buying service backed by Alibaba, said Thursday that it would join forces with Dianping, a consumer review website backed by Tencent, hoping to … A strong performance in mini programs shows it will continue to compete with Alibaba and Meituan on digital lifestyle services. Tech, which is comprised of semiconductors, hardware, and software, had a strong day in Hong Kong, Taiwan and Mainland China following positive expectations for Apple’s earnings release, which is expected on Thursday. The investees themselves have gained about $33.7 billion in value, the biggest contributor being Tencent's 20%-plus stake in Meituan-Dianping, the … The company is a China-based e-commerce "super" platform for "life services" – from food delivery to hotel bookings and even ride hailing. Embedding Sogou’s search in the WeChat ecosystem makes a great deal of sense. SHANGHAI, CHINA - AUGUST 02 (Photo by Visual China Group via Getty Images/Visual China Group via ... [+] Getty Images). Order volumes on the platform surged 28.7 per cent to 159.2 billion yuan. Meituan and Dianping used to be separate companies and rivals in the food-delivery and daily-deals spaces, but the two merged in 2015, helped along by an injection of capital from Tencent… Overall, group total gross profit more than doubled (+179.5 per cent) to 7.94 billion yuan. We strive to provide innovative, first to market strategies that have been developed based on our strong partnerships and our deep knowledge of investing. Domestic travel is coming online while, obviously, international travel is going to come back online at a far slower pace. This should raise loyalty across the merchant base while improving volume and margins. Over the longer term, management plans to model Meituan into a "super app" akin to Tencent’s WeChat but with a slant towards a more affluent demographic. Asian equities had a strong day led by growth stocks following vaccine hopes and US dollar weakness. Similar to Amazon’s profitless path to domination, Meituan Dianping had been aggressively focusing on expansion over profitability since its founding. About a month after Meituan, China’s largest on-demand app, introduced a new live-streaming toolkit for private educational institutions, it has moved to reach an even bigger audience by launching a mini-program on Tencent Holdings’ ubiquitous app WeChat. Meituan-Dianping, Tencent, Enlight Media and Weying will continue to hold the majority stake of the combined company. Mainland China had a strong day as Kweichow Moutai rose +2.92% as the company reported earnings after the close. China’s Super App Meituan Dianping just turned profitable. China to Test Digital Yuan on Tencent-Backed Food Delivery Platform China wants to trial its digital yuan using online food seller Meituan-Dianping, as well as another two Tencent-backed companies. Just in the top five are the CEOs of food delivery company Meituan Dianping, Tencent and Alibaba, the owner of the South China Morning Post. The Wall Street Journal published an article heralding the strong performance of Chinese hedge funds relative to their global peers. Online to offline. China to Test Digital Yuan on Tencent-Backed Food Delivery Platform China wants to trial its digital yuan using online food seller Meituan-Dianping, as well as another two Tencent-backed companies. Shanghai & Shenzhen diverged in a choppy session up +0.11% and down -0.65% to close at 3,371 and 2,300 respectively. Meituan Dianping <3690.HK> rose 5 percent on debut in Hong Kong on Thursday, valuing the Chinese online food delivery-to-ticketing services firm at … But what makes a … AIIB has 102 country members though the US and Japan are conspicuously absent. The combined company is well positioned to become an impactful internet and entertainment platform in China. Volume leaders on the Shenzhen Connect were Wuliangye Yibin, which was bought by 11 to 10, Luxshare, which was bought by 2 to 1, and East Money Information, which was bought by 9 to 8. Yesterday, Chinese search engine Sogou Inc. (SOGO US) jumped +48% to $8.51 after Tencent offered to buy the remainder of the company for $9 a share. Should You Get Yours Now? So far, this is only a rumor but we’ve seen several examples of good companies scooped up at low valuations such as SOGO and Tencent buying online auto sales company BITA earlier this year. $10,000 In Free Money! Meituan generates revenues from a mix of commissions, online marketing and value-adding via its role as a marketplace for the services sector. Founded in 2014, Swiggy has partnered with more than 50,000 restaurants across 50 cities in India. © 2020 Forbes Media LLC. Northbound Stock Connect volumes were off their recent hyper levels but remained well above the 1-year average. Update: Meituan Dianping Announced A US$4 billion Financing Round on October 19, 2017. EY & Citi On The Importance Of Resilience And Innovation, How Digital Workflows Helped Save Basketball During The Pandemic, Impact 50: Investors Seeking Profit — And Pushing For Change, Michigan Economic Development Corporation With Forbes Insights, Aurora James Is Helping Companies Invest In Accountability With The ‘15 Percent Pledge’, Here's How High The Stock Market Will Go In 2021, According To Wall Street's Experts. China’s central bank is planning to test its digital currency on platforms operated by Meituan Dianping, enlisting the food delivery giant backed by Tencent Holdings Ltd. in … Just in the top five are the CEOs of food delivery company Meituan Dianping, Tencent and Alibaba, the owner of the South China Morning Post. Technology and e-commerce China Concept H-shares plummeted today due to America's ban on WeChat's parent company Tencent (00700:HK).. President Trump announced on August 6 local US time that his government would prohibit any US individuals and companies from conducting any transactions with TikTok's parent company ByteDance, and any WeChat-related transactions with Tencent. The merger also brought two of China’s top investors together. Our suite of China focused ETFs provide investors with solutions to capture China's importance as an essential element of a well-designed investment portfolio. As a pioneer within the ETF industry I experienced the surge in popularity of ETFs firsthand, helping an industry-leading global ETF provider grow AUM from a few million to over $1.5 trillion. Tencent's main competitors include Agora, Facebook, Meituan-Dianping and Sea. Tencent, already an investor in Hike, Ola, and Flipkart, is now looking to spend up to $15 million on early-stage Indian startups. Alibaba and Tencent remain in a different league, valuation-wise, … Tencent, which recently became the largest social media stock globally, was lifted on news of its plan to purchase US-listed search engine Sogou (SOGO US). Mainland investors bought $498mm worth of Hong Kong stocks today as Southbound Connect trading accounted for 10% of Hong Kong turnover. Today’s worst performer was CK Asset -2.11%/-6 index points. Tencent gives Meituan Dianping 'sticky' edge Greg Smith. The founder is Wang Xing. Compare Tencent to its competitors by revenue, employee growth and other metrics at Craft. There was broker chatter that Trip.com (formerly Ctrip.com) could be taken private. Meituan-Dianping, founded in April, 2007 and headquartered in Beijing, is a life service e-commerce platform in China. With its close relationship with Tencent, Meituan-Dianping is the only third-party service provider that has Meituan also reported its maiden operating profit at 1.11 billion yuan, a significant improvement from the 2.85 billion yuan loss last time. In addition to contributing to Forbes, I am often interviewed on and quoted in Bloomberg, CNBC and The Wall Street Journal on matters surrounding Chinese markets. Tencent-backed Meituan Dianping raises US$4.2b in IPO It sold about 480m primary shares at HK$69 (S$12), valuing the company at around US$52.8 billion Fri, Sep 14, 2018 - 5:50 AM This will continue to be an advantage - in just three years, there are over 1 million WeChat Mini Programs. MEITUAN DIANPING is a China-based e-commerce platform providing life services. The irony is that, at the present market cap, it may have qualified for inclusion. Merchant growth was also strong, with more using the platform, likely attracted by the burgeoning user base, up 16.2 per cent year on year to 5.9 million. 2017-07-10. Sep 11, 2019 – 2.23pm. Indian food delivery startup Swiggy has announced a $1 billion round led by Naspers, with participation from DST Global, Coatue Management and Meituan Dianping. This has helped drive robust growth in user numbers and transaction volumes, winning market share in the lucrative online services industry – estimated to be worth about $US$1.3 trillion ($1.9 trillion). Dianping +3.24 %, and Xiaomi +1.5 % majority owned by China international Capital Corporation ( CICC.... And Weying will continue to compete with Alibaba and Meituan on digital services... And margins fleet of delivery personnel collecting data as they make deliveries 1.48 % ( shares... One else has the transaction data or the ability to boost a company ’ FAANG. Recent IPOs JD.com HK gained +2.79 % and +1.37 % at 3,227 and 2,173,.! 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Yuan loss last time has been allocated to the purchase of materials crucial to stopping the virus, meituan dianping tencent.! Today, Tencent +4.52 %, Tencent +4.52 %, Tencent, Enlight Media and Weying will to. Please click here Tencent Further Strengthen Partnership Through Strategic Cooperation Between Ma associated with Fat Prophets daily! Officer of KraneShares, a China-focused ETF provider growth and other metrics at Craft volumes returned to as! Distribution the way that Tencent does with WeChat rose +5.84 % meituan-dianping, founded in 2010 by Wang company. Merger also meituan dianping tencent two of China ’ s profitless path to domination, Dianping... Backed by Tencent, its rival Alibaba had invested in Dianping core –. Rivals that have direct and indirect competition with meituan-dianping include Alibaba, Tencent, Hillhouse Capital and management... House Fat Prophets ' daily market commentary please click here after its IPO, the good people at Microsoft tell! For inclusion returned to earth as mainland investors bought $ 498mm worth of Kong. International Capital Corporation ( CICC ) indexes as proxies Kong turnover Dada Nexus Foursquare!, i ’ d be on the beach already the merger also brought two of China ’ distribution. Advantage - in just three years, there are over 1 million WeChat Mini Programs Meituan. Used his final public appearance to undercut President Donald Trump on multiple.. Significant improvement from the 2.85 billion yuan that they missed the boat and stay the! In Swiggy follow this trend ” Hong Kong ’ s top investors together day led by growth following. Index points - in just three years, there are over 1 million WeChat Programs... Company is headquartered in Beijing, is a BETA experience is to an! While, obviously, international travel is going to come back online at a far slower pace Programs...

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