Previous close | 11.90 |
Open | 11.05 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's range | 11.05 - 11.84 |
52-week range | 7.75 - 18.75 |
Volume | |
Avg. volume | 29,096 |
Market cap | 72.6B |
Beta (5Y monthly) | 0.58 |
PE ratio (TTM) | 40.84 |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | N/A |
(Bloomberg) -- Meituan’s quarterly revenue climbed a better-than-expected 23%, a sign that it’s making headway in efforts to fend off a challenge from ByteDance Ltd.’s Douyin in China’s meal delivery arena.Most Read from BloombergTrump’s Net Worth Hits $6.5 Billion, Making Him One of World’s 500 Richest PeopleBiden Gains Ground Against Trump in Six Key States, Poll ShowsJapan Amps Up Intervention Threat as Yen Hits Lowest Since 1990Trump Vows to Pay Fraud Trial Bond Cut by 68% to $175 MillionUsi
(Reuters) -Chinese food delivery giant Meituan on Friday reported a bigger-than-expected 22.6% rise in quarterly revenue, defying a slowing Chinese economy and bolstering its ambitions to expand into other markets. Meituan - which has an app that provides services ranging from bike-sharing to ticket-booking and maps - reported revenue in the quarter to Dec. 31 of 73.7 billion yuan ($10.20 billion), versus 60.13 billion yuan in the same period a year earlier. Last May, Meituan entered Hong Kong with new food delivery business KeeTa.
Longtime Alibaba executive Yu Yongfu will step down as CEO of the firm's local services division at the end of March, according to a company spokesperson. His role, which includes leading food delivery business Ele.me and mapping and navigation service Amap, will be divided between several executives. Wu Zeming will become chairman of Ele.me while Han Liu will take the reins as chief executive.