Meituan

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Meituan is an investment holding company, which engages in the provision of a platform that uses technology to connect consumers and merchants. It operates through the following segments: Food Delivery, In-store, Hotel, and Travel, and New Initiatives and Others. The Food Delivery segment provides food ordering and delivery services. The In-store, Hotel, and Travel segment offers merchants the ability to sell vouchers, coupons, tickets, and reservations on the firm's platform. The New Initiatives and Others segment includes revenue derived from cloud-based enterprise resource planning systems, integrated payment services, supply chain solutions to merchants, small and medium-sized merchants financing services, local transportation services, and other products and services. The company was founded by Xing Wang, Hui Wen Wang, and Rong Jun Mu in March 2010 and is headquartered in Beijing, China.

Walmart

Walmart Inc (NYSE:WMT, ETR:WMT) has sought to accelerate its e-commerce rollout in China through a strategic partnership with local shopping platform Meituan. Meituan has begun delivery services on behalf of Walmart under the deal with the US retail giant set to feature on its app.

Walmart eyes China push with Meituan partnership

The U.S. retail giant has formed a strategic partnership with Meituan, and its goods will be available on the Chinese delivery company's app.

Walmart Collaborates With Meituan to Boost China E-Commerce Sales

Walmart China announced on Tuesday it has entered into a new strategic partnership with China's biggest food delivery company Meituan.

Walmart partners with delivery firm Meituan in China

Meituan's strong 3Q24 results, with 22% y/y revenue growth and significant margin expansion, reinforce my buy rating and bullish outlook. The shift toward profitability over market share, especially in new initiatives, has shown tangible results, driving EBITDA growth. On-demand delivery segment's better monetization and solid volume growth outlook are key drivers for future profit margin improvements.

Meituan: Upside Remains Attractive Due To Strong EBITDA Growth Outlook

Meituan (OTCPK:MPNGF) Q3 2024 Results Conference Call November 29, 2024 6:00 AM ET Company Participants Scarlett Xu - VP and Head-Capital Markets Xing Wang - Chairman and CEO Shaohui Chen - SVP and CFO Conference Call Participants Ya Jiang - CITIC Securities Ronald Keung - Goldman Sachs Gary Yu - Morgan Stanley Thomas Chong - Jefferies Kenneth Fong - UBS Operator Thank you for standing by, and welcome to the Meituan Third Quarter 2024 Earnings Conference Call. [Operator Instructions].

Meituan (MPNGF) Q3 2024 Earnings Call Transcript

The Chinese food-delivery giant's profit more than tripled in the third quarter as revenue jumped.

Meituan's Profit Triples as Revenue Grows Despite Competition

China's largest food delivery firm Meituan posted a bigger-than-expected 22.4% rise in third-quarter revenue on Friday, defying sluggish Chinese consumption.

Chinese food delivery giant Meituan beats quarterly revenue estimates

Meituan's Keeta expansion into overseas markets, particularly Hong Kong and Saudi Arabia, offers a new revenue stream amid China's economic slowdown. Leveraging big data and efficient delivery, Keeta has achieved significant market share in Hong Kong and promising growth in Saudi Arabia. Keeta's success in these regions highlights its potential for further expansion in the GCC and Southeast Asia, enhancing Meituan's global footprint.

Meituan: Riding On Keeta To Driver Overseas Growth

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Meituan's stock price has staged a strong comeback as investors embraced a risk-on sentiment. It soared to a high of H$176.5 on Monday, its highest swing since January 2023.

Meituan stock price has surged: technicals point to a 50% surge

China's Meituan is aiming to raise up to $2 billion in a 3.5- and 5-year dollar bond deal, according to two sources with direct knowledge of the matter and a term sheet seen by Reuters on Tuesday.

China's Meituan aims to raise up to $2 bln in dollar bond deal, sources say

Meituan's robust growth is driven by strong fundamentals and potential macroeconomic recovery, with significant improvements in profitability and EBITDA growth expected. The food delivery segment shows impressive 15% y/y growth despite China's poor macro backdrop, with Pinhaofan driving future order growth. My model suggests a 37% upside, with Meituan trading at 10x forward EBITDA.

Meituan: Sound Fundamentals Despite A Weak Macro Backdrop

Meituan (OTCPK:MPNGF) Q2 2024 Earnings Conference Call August 28, 2024 7:00 AM ET Company Participants Scarlett Xu - VP and Head-Capital Markets Xing Wang - Chairman and CEO Shaohui Chen - SVP and CFO Conference Call Participants Ronald Keung - Goldman Sachs Thomas Chong - Jefferies Alicia Yap - Citigroup Kenneth Fong - UBS Ya Jiang - CITIC Securities Charlene Liu - HSBC Operator Thank you for standing by and welcome to the Meituan Second Quarter 2024 Earnings Conference Call. [Operator Instructions] I would now like to hand the conference over to Miss Scarlett Xu, VP and Head of Capital Markets.

Meituan (MPNGF) Q2 2024 Earnings Call Transcript

Chinese food delivery giant Meituan posted a bigger than expected 21% rise in second-quarter revenue on Wednesday, defying a slowing Chinese economy.

Chinese food delivery giant Meituan beats revenue estimates

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Meituan's revenue and normalized net income rose by +25% YoY and +36% YoY, respectively in Q1 2024, which exceeded expectations. But the company's cautious order volume guidance indicates that its top line growth could potentially slow in the quarters ahead. My evaluation of Meituan's performance, prospects, and valuation metrics suggests that a Hold rating for the stock is fair.

Meituan: Q1 Earnings Beat Overshadowed By Cautious Order Volume Guidance

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Meituan (OTCPK:MPNGF) Q1 2024 Earnings Conference Call June 6, 2024 7:00 AM ET Company Participants Sijia Xu - VP and Head-Capital Markets Xing Wang - Chairman and CEO Shaohui Chen - SVP and CFO Conference Call Participants Ronald Keung - Goldman Sachs Thomas Chong - Jefferies Kenneth Fong - UBS Alex Yao - JPMorgan Ya Jiang - CITIC Securities Alicia Yap - Citigroup Operator Thank you for standing by and welcome to the Meituan First Quarter 2024 Earnings Conference Call. [Operator Instructions] I would now like to hand the conference over to Scarlett Xu, VP and Head of Capital Markets.

Meituan (MPNGF) Q1 2024 Earnings Call Transcript

Meituan has suffered years of profitless growth in its new business portfolio. But management is finally righting the ship. With plenty of upside levers in the core business as well, Meituan stock is worth a revisit.

Meituan: Cutting Its Way To Profit Growth

Chinese stocks have been some of the most battered in the entire world. However, things are finally turning around for the Chinese economy and the stock market as well.

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Meituan (MPNGF) Q4 2023 Earnings Call Transcript

HONG KONG , March 22, 2024 /PRNewswire/ -- Meituan (HKG: 3690) (the "Company"), a leading technology-driven retail company in China, today announced the audited consolidated results of the Company for the year ended December 31, 2023. Company Financial Highlights For the full year of 2023, our revenues increased by 25.8% to RMB276.7 billion from RMB220.0 billion in 2022.

Meituan Announces Financial Results for the Year Ended December 31, 2023

Meituan reported a profit on higher revenue, as Chinese consumption continued to recover and local businesses rebounded.

Meituan Posts Profit on Travel, Consumption Rebound

Stiff competition and management warning of a slowdown have wiped $82 billion off Meituan's market cap in 2023.

China's Meituan has lost $82 billion in market cap on fears over rising competition, slowdown in food delivery business

China's largest delivery platform constantly impresses. New competition and macroeconomic headwinds are transient challenges. Share price is more than fair for a company of Meituan's scale and moat.

News for Meituan Stock (MPNGF)