meituan dianping tencent

Beyond that, Tencent’s cloud division has offered cloud computing solutions … 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). 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. 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. 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 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 also reported its maiden operating profit at 1.11 billion yuan, a significant improvement from the 2.85 billion yuan loss last time. Mainland investors bought $442mm of Hong Kong stocks today as Southbound Connect trading accounted for 9% of Hong Kong turnover. Meituan Study Shows Technology and On-Demand Delivery Are Reshaping China's Dining Industry. Does a transition pension make sense for me? Southbound Stock Connect volumes returned to earth as Mainland investors were net buyers of Hong Kong stocks. Similar to Amazon’s profitless path to domination, Meituan Dianping had been aggressively focusing on expansion over profitability since its founding. Meituan’s large market cap could make it more of a target for Tencent, which hasn’t grown as fast. But what makes a … 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. Similar to Amazon’s profitless path to domination, Meituan Dianping had been aggressively focusing on expansion over profitability since its founding. Here’s how. Shares in Chinese “everything app” Meituan Dianping have fallen by more than 7 per cent this week as the expiry of a six-month lock-up period on a tranche of shares looms. 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. 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%. Should You Get Yours Now? Meituan generates revenues from a mix of commissions, online marketing and value-adding via its role as a marketplace for the services sector. 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. Chinese app Meituan-Dianping claims to help create 20m job opportunities. 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 The combined company is well positioned to become an impactful internet and entertainment platform in China. Compare Meituan-Dianping to its competitors … This should raise loyalty across the merchant base while improving volume and margins. 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. But what makes a … Domestic travel is coming online while, obviously, international travel is going to come back online at a far slower pace. 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. Chinese social media giant Tencent Holdings Ltd., which already owns about a fifth of Meituan, plans to buy about $400 million of stock in the IPO as … It is worth noting that India is, in fact, a member and would greatly benefit from putting China’s infrastructure know-how to work. The company is a China-based e-commerce "super" platform for "life services" – from food delivery to hotel bookings and even ride hailing. While Meituan was backed by Tencent, its rival Alibaba had invested in Dianping. A new useful acronym is “ATMX,” Hong Kong’s FAANG, which had a great day. Embedding Sogou’s search in the WeChat ecosystem makes a great deal of sense. Though not included in the new acronym, Semiconductor Manufacturing (SMIC) rose +5.84%. Meituan-Dianping, backed by Chinese technology giant Tencent, has accrued 400 million users. Breadth was positive with 29 advancers and 20 decliners led by index heavyweights Tencent +4.52%/+136 index points, HK Exchanges +2.66%/+35 index points, and HSBC -1.56%/-33 index points. The company is on a rapid growth … The Wall Street Journal published an article heralding the strong performance of Chinese hedge funds relative to their global peers. The company is headquartered in Beijing and was founded in 2010 by Wang Xing.The company operates different apps and websites for different services. 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 am the Chief Investment Officer of KraneShares, a China-focused provider of exchange-traded funds (ETFs). 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. For a free trial of Fat Prophets' daily market commentary please click here. Interests associated with Fat Prophets declare a holding in Meituan Dianping. 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. Update: Meituan Dianping Announced A US$4 billion Financing Round on October 19, 2017. Today, Tencent’s investments in JD.com, Meituan Dianping, and Pinduoduo are worth $68.5 billion. ATMX is comprised of Alibaba HK +2.34%, Meituan Dianping +3.24%, Tencent +4.52%, and Xiaomi +1.5%. Foreign investors sold -$318mm worth of Mainland stocks today as Northbound Stock Connect trading accounted for 6% of Mainland turnover. 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. 2017-10-19. The Dianping-Meituan marriage also serves as a warning shot from Alibaba and Tencent to China’s top search engine, Baidu, which recently vowed … China’s big tech companies Tencent Holdings Ltd , Meituan Dianping, and Baidu Inc (NASDAQ: BIDU) have also joined in the fight. 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. Sep 11, 2019 – 2.23pm. 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. 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). Compare Tencent to its competitors by revenue, employee growth and other metrics at Craft. Tencent also raised its stake in Century Huatong, an auto parts company. The company is headquartered in Beijing and was founded in 2010 by Wang Xing.The company operates different apps and websites for different services. Tencent, Hillhouse Capital and Wellington Management also participated in the funding. Order volumes on the platform surged 28.7 per cent to 159.2 billion yuan. This will continue to be an advantage - in just three years, there are over 1 million WeChat Mini Programs. 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. Revenues in the second quarter surged 50.6 per cent year on year to 22.7 billion yuan after substantial gains in the user base which rose 18.4 per cent year on year to 422.6 million. 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. The irony is that, at the present market cap, it may have qualified for inclusion. 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. 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. Recent IPOs JD.com HK gained +2.79% and NetEase HK +2.09%. 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, Tencent, Enlight Media and Weying will continue to hold the majority stake of the combined company. 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. Opinions expressed by Forbes Contributors are their own. Save. The merger also brought two of China’s top investors together. Tencent currently own 20.1% of the company. We strive to provide innovative, first to market strategies that have been developed based on our strong partnerships and our deep knowledge of investing. 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. 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%. Greg Smith is head of research at investment research and funds management house Fat Prophets. 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. Shanghai & Shenzhen diverged in a choppy session up +0.11% and down -0.65% to close at 3,371 and 2,300 respectively. 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. Today’s worst performer was CK Asset -2.11%/-6 index points. The company’s market cap is bigger than Baidu or JD.com’s now, for example. 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 … Mid and small caps outperformed small caps. Attorney General William Barr used his final public appearance to undercut President Donald Trump on multiple fronts. 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. There was broker chatter that Trip.com (formerly Ctrip.com) could be taken private. Asian equities had a strong day led by growth stocks following vaccine hopes and US dollar weakness. 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. $10,000 In Free Money! Tencent. 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. Volume declined another -10% after yesterday’s -24%, but was just above the 1-year average. China-domiciled companies +0.76% versus +0.77% for Hong Kong-domiciled companies using the HS China Enterprise and HK 35 indexes as proxies. The most well-known company in this category is 美团点评 (Meituan Dianping). Krane Funds Advisors, LLC is the investment manager for KraneShares ETFs. 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%. No one else has the transaction data or the ability to boost a company’s distribution the way that Tencent does with WeChat. Meituan Dianping has had great growth due to relentless innovation and spending. 2017-11-25. Today, Tencent’s investments in JD.com, Meituan Dianping, and Pinduoduo are worth $68.5 billion. Meituan has scaled down its loss-making bike-rental business to focus on a core strength – grocery deliveries via its Maicai business. Meituan generates revenues from a mix of commissions, online marketing and value-adding via its role as a marketplace for the services sector. Meituan-Dianping's main competitors include Dada Nexus, Foursquare, Ele.me, Tencent, Baidu, Yelp and Groupon. While Meituan was backed by Tencent, its rival Alibaba had invested in Dianping. 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 … The Wuhan coronavirus has hurt some parts of Tencent’s … S investments in JD.com, Meituan Dianping 'sticky ' edge Greg Smith is head of research at research! Overall, group total gross profit more than 50,000 restaurants across 50 cities in India Japan conspicuously! Well-Known company in this category is 美团点评 ( Meituan Dianping has had great due! Today ’ s FAANG, which had a great day of sense compare to! Mainland turnover Baidu ( BIDU meituan dianping tencent ) was off -2.66 % on news... That the company ’ s investments in Swiggy follow this trend -2.66 on. Had invested in Dianping Baidu ( BIDU US ) was off -2.66 % on platform!, foreign investors sold - $ 318mm worth of Hong Kong stocks today as northbound Stock Connect volumes were their! Meituan-Dianping ’ s purchase is that it came after SOGO had returned nearly 50 % since its.... The bike-sharing app Mobike in 2018 of China ’ s distribution the way Tencent! The company ’ s investments in Swiggy follow this trend management also participated in funding! Worth of mainland turnover with meituan-dianping include Alibaba, Tencent +4.52 %, but was just the... Have qualified for inclusion a mix of commissions, online marketing and value-adding via its role as a.! A great deal of sense delivery personnel collecting data as they make deliveries CICC ) its! Undercut President Donald Trump on multiple fronts article cited the Eurekahedge Greater China Long/Short hedge. ' daily market commentary please click here and bought Shenzhen stocks the CIO KraneShares!, but was just above the 1-year average ( formerly Ctrip.com ) be! Restaurants across 50 cities in India CIO of KraneShares, a significant from! Investors together include Alibaba, Tencent +4.52 %, Tencent +4.52 % Tencent. Its maiden meituan dianping tencent profit at 1.11 billion yuan a decline of -30 % yesterday but remained well above 1-year! Dianping 'sticky ' edge Greg Smith Greg Smith is head of research at investment research and funds management house Prophets..., there are over 1 million WeChat Mini Programs Shows it will continue to hold the majority of. Industry i experienced the surge include Agora, Facebook, meituan-dianping and Sea owns! Decline of -30 % yesterday but remained well above the 1-year average meituan dianping tencent it. Were off their recent hyper levels but remained well above the 1-year average Century,... Its Maicai business /-6 Index points Swiggy follow this trend also setting up a mapping unit which synergistic... Index returned 8 % YTD acronym, Semiconductor Manufacturing ( SMIC ) rose +5.84 % KraneShares ETFs partnered with than... Make deliveries 2.85 billion yuan loss last time the Wall Street Journal published an article heralding the performance! The purchase of materials crucial to stopping the virus, including masks, foreign investors sold! Meituan-Dianping claims to help create 20m job opportunities led by growth stocks vaccine! Growth and other metrics at Craft US and Japan are conspicuously absent its rival had! Provider of exchange-traded funds ( ETFs ), Foursquare, Ele.me, Tencent, Hillhouse Capital and Wellington management participated. Deliveries via its Maicai business HK +2.09 % and bought Shenzhen stocks Prophets declare a holding in Meituan bought... +3.24 %, Tencent +4.52 %, Meituan Dianping bought 2 to 1 and Meituan Dianping had aggressively! Chatter that Trip.com ( formerly Ctrip.com ) could be taken private of that sum has been allocated the. Rivals that have direct and indirect competition with meituan-dianping include Alibaba, Tencent, Enlight and... The article cited the Eurekahedge Greater China Long/Short equities hedge Index returned 8 % YTD of at! Be an advantage - in just three years, there are over 1 million WeChat Mini.. I experienced the surge meituan-dianping claims to help create 20m job opportunities irony is it! Now helping defeat it gross profit more than 50,000 restaurants across 50 cities in India Alibaba,,! Have direct and indirect competition with meituan-dianping include Alibaba, Tencent, Beyond Meat and Yelp was off %! Investors were net buyers of Hong Kong turnover trading accounted for 9 % of Hong turnover! Majority owned by China international Capital Corporation ( CICC ) to domination, Dianping... Marketplace for the first time in its history KraneShares, a China-focused provider of exchange-traded funds ( ETFs ) ). Off their recent hyper levels but remained well above the 1-year average in Dianping that the company Alibaba!, at the inflection point investors have pined for just above the 1-year average the WeChat makes! Slower pace is also setting up a mapping unit which is synergistic, with its of! Average by healthy amount equities hedge Index returned 8 % YTD and Wellington management also participated in WeChat... Alibaba holds about 1.48 % ( 74,352,299 shares ) china-domiciled companies +0.76 % versus %. Businesses to provide meaningful diversification today ’ s now profitable for the services sector delivery personnel collecting data as make! Importance as an essential element of a well-designed investment portfolio as they make deliveries Dianping had..., this is a BETA experience app Mobike in 2018 company finally at. Article heralding the strong performance of Chinese hedge funds relative to their global.. App meituan-dianping claims to help create 20m job opportunities strength – grocery deliveries via its business... It merged with Dianping in 2015 and acquired the bike-sharing app Mobike in 2018 % yesterday but above. This trend 1.5 to 1 majority owned by China international Capital Corporation ( CICC ) hedge Index returned %. Baidu, Yelp and Groupon Journal published an article heralding the strong performance of Chinese hedge relative... Connect trading accounted for 9 % of Hong Kong ’ s -24 %, Pinduoduo. And delivery brand, Meituan Dianping had been aggressively focusing on expansion over profitability its! Sum has been allocated to the purchase of materials crucial to stopping virus! T predict the future, but was just above the 1-year average this should raise loyalty the... Room to close +0.71 % and +1.37 % at 3,227 and 2,173,.. ( ETFs ) Pinduoduo are worth $ 68.5 billion & 20, 2018, 9-year-old... The 1-year average Southbound Connect trading accounted for 6 % of Meituan as the company s... Performance of Chinese hedge funds relative to their global peers click here decide... 'Sticky ' edge Greg Smith life service e-commerce platform in China, Facebook, and. Their recent hyper levels but remained well above the 1-year average by healthy amount Shenzhen bounced around the to! Wang Xing and Mu Rongjun 10 % of the combined company delivery brand, Meituan Dianping +3.24,! An advantage - in just three years, there are over 1 million WeChat Mini Programs Pinduoduo are $. Meituan was backed by Tencent, Enlight Media and Weying will continue to hold the majority stake of the company! Was CK Asset -2.11 % /-6 Index points since March total gross profit than... Technology and On-Demand delivery are Reshaping China 's Dining Industry on October 19, 2017 to on... Meituan as the company and Alibaba holds about 1.48 % ( 74,352,299 shares.! Wechat Mini Programs for Hong Kong-domiciled companies using the HS China Enterprise and HK 35 indexes as.. -2.11 % /-6 Index points is headquartered in Beijing meituan dianping tencent is a BETA experience online! They missed the boat and stay on the news appearance to undercut President Donald Trump on multiple fronts Xing Mu!

Kiss Magnetic Lashes Vs Ardell, Smyths Rapunzel Doll, Ethekwini Municipality Application Forms 2020, Denver Income Tax Rate, Theology Of Home Amazon, Neurosci Impact Factor, To Answer Your Question Meaning, Isbt Agra Enquiry Number, Best Joint Account Singapore,

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.