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.

Starbucks

The partnership with Meituan comes as Starbucks faces increasing competition from well-funded domestic tea and coffee chains in China such as HeyTea and Manner.

Starbucks expands coffee delivery and services in China through tie-up with Meituan

Starbucks is joining forces with Chinese tech giant Meituan to expand delivery options in its second biggest market.

Starbucks teams up with Meituan for coffee delivery in China

Starbucks Corp. (NASDAQ: SBUX) is expanding its delivery services in China by entering into a new partnership with food delivery giant Meituan (OTC: MPNGY). What Happened: Under the new partnership, Starbucks said it will offer its coffee delivery services on the Meituan platform market-wide.

Starbucks Strikes Partnership With Meituan To Expand Delivery Services In China: What You Need To Know

BEIJING (Reuters) -Starbucks said on Tuesday it has entered into a partnership with China's Meituan that will allow its Chinese customers to order coffee delivery via the super-app's platform.

Starbucks expands delivery services in China with Meituan tie-up

China has made boosting self-sufficiency as well as research and development into semiconductors a top priority, prompting tech giants to invest into chips.

Meituan backs A.I. chip start-up as Chinese tech giants pour money into semiconductors

On a congested sidewalk next to a busy mall in Shenzhen, a 20-something woman uses a smartphone app to order a milk tea on Meituan, a major food delivery company. In under ten minutes, the pearl-white drink arrives, not on the back of one of the city's ubiquitous delivery bikes, but descending from the cloudy […]

How Meituan is redefining food delivery in China with drones

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Meituan (MPNGF) CEO Xing Wang on Q3 2021 Results - Earnings Call Transcript

HONG KONG, Nov. 26 , 2021 /PRNewswire/ -- Meituan (HKG: 3690) (the "Company"), China's leading e-commerce platform for services, today announced the unaudited consolidated results of the Company for the three months ended September 30, 2021. Company Financial Highlights For the third quarter of 2021, our total revenues increased by 37.9% to RMB48.8 billion from RMB35.4 billion for the same period of 2020.

Meituan Announces Financial Results for the Three Months Ended September 30, 2021

Earlier this week, the Matthews Pacific Tiger Fund (Trades, Portfolio) released its portfolio updates for the third quarter of 2021, which ended on Sept. 30.

Matthews Pacific Tiger Fund Adds to Meituan, Exits Baidu

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Meituan was dinged for anticompetitive behavior, but the stock is bouncing higher.

This Chinese Tech Giant Just Got a Big-Time Fine, So Why Is Its Stock Skyrocketing?

China's regulators have wrapped up their antitrust probe of the delivery giant.

Why Is Everyone Talking About Meituan Stock?

On Sunday, China's State Administration for Market Regulation (SAMR) slapped a 3.44 billion yuan ($534.3 million) fine on Chinese food delivery giant Meituan ( HKSE:03690 , Financial) for “abusing its dominant position.”

Chinese Tech Stocks Surge After Meituan Hit With Fine

Chinese Tech Stocks Surge After Regulators Slap a Fine on Meituan

Shares of Meituan (OTC: MPNGF), Alibaba Group Holding Limited (NYSE: BABA), JD.Com Inc. (NASDAQ: JD), Baidu Inc (NASDAQ: BIDU), Tencent Holdings (NASDAQ: TCEHY), and BYD Co (OTC: BYDDY) are all trading higher in Hong Kong on Monday. What Happened: Shares of food delivery giant Meituan are trading 8.75% higher at HKD 278.40 after China fined the company $530 million for antitrust violations on Friday, the second such regulatory fine so far this year.

Alibaba Skyrockets 8% In Hong Kong As Meituan Regulatory Fine Fuels Market-Wide Optmisim

Analysts said the antitrust fine has removed an "overhang" over food delivery giant Meituan and the company's shares rallied more than 7% in Hong Kong trade.

China tech stocks surge after food delivery giant Meituan is hit with $534 million antitrust fine

Chinese food-delivery firm Meituan (OTC: MPNGF) paid a penalty of over $533 million for engaging in anticompetitive practices, the Wall Street Journal reports. The State Administration for Market Regulation alleged Meituan's violating antimonopoly laws by effectively forcing merchants to sell exclusively on its platform, known as "er xuan yi," or "choose one out of two.

Meituan Shares Gain On Reaching Antitrust Settlement

Chinese regulators fined food delivery giant Meituan 3.44 billion yuan ($534 million) for violating the country's anti-monopoly regulations, the latest fine in Beijing's campaign to clampdown on the country's internet companies.

Food Delivery Giant Meituan Fined $534 Million For Violating Antitrust Law

China has fined food delivery giant Meituan 3.4 billion yuan ($527 million) for monopolistic practices and ordered it to undertake a "comprehensive rectification", the market watchdog said Friday.

China fines food delivery giant Meituan for monopolistic behaviour

BEIJING (Reuters) -China's antitrust regulator has fined food delivery giant Meituan 3.4 billion yuan ($527.4 million) for abusing its dominant market position, the watchdog said on Friday, the latest penalty in Beijing's clampdown on online platforms.

Chinese delivery giant Meituan handed $527 million antitrust fine

The $530 million fine is Beijing's second major penalty this year against an internet company accused of monopolistic practices.

China Fines Meituan $530 Million in Second Tech Antitrust Case

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China's online food delivery giants Meituan and Ele.me both said this week they will not force couriers who do work for them to register as independent businesses, a bone of contention amid ongoing scrutiny of the food delivery sector.

News for Meituan Stock (MPNGF)