Does Meituan have a market share?

Meituan has a market share in excess of 60% for the Chinese food delivery services market, and its closest competitor is Ele.me with a market share close to 30%. Although Meituan is the pioneer and clear market leader in the food delivery market in China and Tencent is its largest shareholder, Ele.me is also backed by internet giant Alibaba.

Why is Meituan a 'defensive' stock?

If and when Meituan is included in the Hang Seng index, benchmark-hugging investors and institutions are likely to drive Meituan's share price up as they acquire the company's shares. Secondly, Meituan is perceived as a "defensive stock" due to its domestic focus.

When did Meituan change its name?

The company was formerly known as Meituan Dianping and changed its name to Meituan in October 2020. Meituan was founded in 2003 and is headquartered in Beijing, China. More... Sorry, this data cannot be displayed at the moment.

How does Meituan work?

By continuing to use the site, you accept and agree to these updated Terms. Meituan operates as a web based shopping platform for locally found consumer products and retail services. The Company offers deals of the day by selling vouchers on local services and entertainment, dining, delivery, and other services.