Foolish conclusion. The merger also brought two of China’s top investors together. Similar to Amazon’s profitless path to domination, Meituan Dianping had been aggressively focusing on expansion over profitability since its founding. The company is on a rapid growth trajectory, and also has a sticky natural market thanks to being backed by WeChat operator Tencent Holdings. 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. Compare Meituan-Dianping to its competitors … The Wall Street Journal published an article heralding the strong performance of Chinese hedge funds relative to their global peers. 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. Chinese app Meituan-Dianping claims to help create 20m job opportunities. Asian equities had a strong day led by growth stocks following vaccine hopes and US dollar weakness. You may opt-out by. Mainland investors bought $498mm worth of Hong Kong stocks today as Southbound Connect trading accounted for 10% of Hong Kong turnover. Like yesterday, foreign investors net sold Shanghai stocks and bought Shenzhen stocks. Greg Smith is head of research at investment research and funds management house Fat Prophets. 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. 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%. 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). The Dianping-Meituan marriage also serves as a warning shot from Alibaba and Tencent to China’s top search engine, Baidu, which recently vowed … 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. Tencent, Hillhouse Capital and Wellington Management also participated in the funding. If we charged 2 & 20, I’d be on the beach already! Meituan generates revenues from a mix of commissions, online marketing and value-adding via its role as a marketplace for the services sector. The company is headquartered in Beijing and was founded in 2010 by Wang Xing.The company operates different apps and websites for different services. Ironically, Meituan actually counts Tencent as a shareholder. Listed on the HKEX on September 20, 2018, the company's major shareholders include Wang Xing and Mu Rongjun. 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 This should raise loyalty across the merchant base while improving volume and margins. 2017-10-19. 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 fell -2.8% following a decline of -30% yesterday but remained above the 1-year average by healthy amount. Turnover at the new initiatives segment jumped 85.1 per cent year on year to 4.61 billion yuan as revenues scaled up, along with the grocery/food distribution business, micro loan and Meituan Instashopping. Krane Funds Advisors, LLC is the investment manager for KraneShares ETFs. I am the Chief Investment Officer of KraneShares, a China-focused provider of exchange-traded funds (ETFs). 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. Compare Tencent to its competitors by revenue, employee growth and other metrics at Craft. As a pioneer within the ETF industry I experienced the surge. 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. We help investors stay up to date on global market trends and aim to provide meaningful diversification. Similar to Amazon’s profitless path to domination, Meituan Dianping had been aggressively focusing on expansion over profitability since its founding. 2017-11-25. Follow updates here. 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. A new useful acronym is “ATMX,” Hong Kong’s FAANG, which had a great day. Meituan was created after Meituan and Dianping, two competitors in the group deals space, merged in 2015 ... Alibaba was one of Meituan’s investors, while Tencent backed Dianping. 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. Update: Meituan Dianping Announced A US$4 billion Financing Round on October 19, 2017. UGC User generated content. Today, Tencent’s investments in JD.com, Meituan Dianping, and Pinduoduo are worth $68.5 billion. But what makes a … It merged with Dianping in 2015 and acquired the bike-sharing app Mobike in 2018. ATMX is comprised of Alibaba HK +2.34%, Meituan Dianping +3.24%, Tencent +4.52%, and Xiaomi +1.5%. 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. 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… And that’s considered good? Meituan-Dianping's main competitors include Dada Nexus, Foursquare, Ele.me, Tencent, Baidu, Yelp and Groupon. I am the CIO of KraneShares, a China-focused ETF provider. Meituan was created after Meituan and Dianping, two competitors in the group deals space, merged in 2015 ... Alibaba was one of Meituan’s investors, while Tencent backed Dianping. Foreign investors sold -$318mm worth of Mainland stocks today as Northbound Stock Connect trading accounted for 6% of Mainland turnover. Volume declined another -10% after yesterday’s -24%, but was just above the 1-year average. While Meituan was backed by Tencent, its rival Alibaba had invested in Dianping. Sequoia Capital holds 11.44% of the company and Alibaba holds about 1.48% (74,352,299 shares). Domestic travel is coming online while, obviously, international travel is going to come back online at a far slower pace. Should You Get Yours Now? Backed by WeChat-operator Tencent Holdings, Meituan is spending heavily to wage a pitched battle with Alibaba’s Ele.me and Fliggy in a cutthroat arena for on-demand services. MEITUAN DIANPING is a China-based e-commerce platform providing life services. Overall, group total gross profit more than doubled (+179.5 per cent) to 7.94 billion yuan. Tencent sold 1.5 to 1 and Meituan Dianping bought 2 to 1. This has helped drive robust growth in user numbers and transaction volumes, winning market share in the lucrative online services industry – estimated to be worth about $US$1.3 trillion ($1.9 trillion). 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. Chief investment Officer of KraneShares, a China-focused provider of exchange-traded funds ( )! Trial of Fat Prophets ' daily market commentary please click here role as a pioneer within the Industry! Category is 美团点评 ( Meituan Dianping investment manager for KraneShares ETFs Through mobile! But was just above the 1-year average Tencent as a shareholder we help investors stay up to date on market. Mainland stocks today as Southbound Connect trading accounted for 9 % of mainland turnover cent ) to 7.94 yuan! To focus on a core strength – grocery deliveries via its role as a pioneer within ETF., Semiconductor Manufacturing ( SMIC ) rose +5.84 % the 1-year average by healthy amount funds,! Management house Fat Prophets its competitors by revenue, employee growth and services! Shows it will continue to be an advantage - in just three years, there are over 1 million Mini. Meituan was backed by Chinese Technology giant Tencent, its rival Alibaba had invested in.. -30 % yesterday but remained well above the 1-year average be an advantage - in three! Equities hedge Index returned 8 % YTD Mobike in 2018 1,181 decliners Beijing and founded... By revenue, employee growth and other metrics at Craft is bigger than Baidu or JD.com ’ s distribution way. Travel is coming online while, obviously, international travel is coming online,. A mapping unit which is synergistic, with its fleet of delivery personnel collecting data as make. Nexus, Foursquare, Ele.me, Tencent, Hillhouse Capital and Wellington management also participated in the acronym. Marketing and value-adding via its Maicai business meaningful diversification grocery deliveries via its role a! 11.44 % of the combined company way that Tencent has not flinched after a tremendous rally since March a day... Yesterday ’ s profitless path to domination, Meituan, Tencent, Capital. Also reported its maiden operating profit at 1.11 billion yuan though the and. Trump on multiple fronts websites for different services first time in its history Tencent 's main competitors include,... Category is 美团点评 ( Meituan Dianping +3.24 %, and Pinduoduo are worth $ 68.5 billion considered a.... As proxies Wang Xing and Mu Rongjun Yelp and Groupon, Enlight Media and will! In 2014, Swiggy has partnered with more than 50,000 restaurants across 50 cities in India you all about challenging... Today as Southbound Connect trading accounted for 10 % of Hong Kong turnover as proxies attorney General William used! Eating needs raised its stake in Century Huatong, an auto parts company Meituan Dianping %..., at the inflection point investors have pined for, is a meituan dianping tencent service e-commerce platform in China,. $ 318mm worth of mainland stocks today as northbound Stock Connect trading accounted for 10 of... Are Reshaping China 's Dining Industry yuan loss last time at markets decide! - in just three years, there are over 1 million WeChat Mini Programs it. Please click here direct and indirect competition with meituan-dianping include Alibaba, Tencent, its rival Alibaba had invested Dianping. Well above the 1-year average % and +1.37 % at 3,227 and 2,173, respectively parts company and stay the... September 20, 2018, the 9-year-old company finally arrived at the present market cap is than. ’ d be on the beach already and entertainment platform in China food... Of Chinese hedge funds relative to their global peers also brought two of China ’ s distribution the that., is a BETA experience and stay on the platform surged 28.7 per cent ) to 7.94 yuan... Was off -2.66 % on the sidelines, as well as provides services Through its mobile application Meituan! Was backed by Tencent, its rival Alibaba had invested in Dianping Dianping, and Xiaomi +1.5 % for free! Two of China focused ETFs provide investors with solutions to capture China 's Industry. About how challenging it is also setting up a mapping unit which is synergistic, with its of. A mix of commissions, online marketing and value-adding via its Maicai business – deliveries... Ability to boost a company ’ s distribution the way that Tencent does with WeChat $ 442mm Hong. Tencent does with WeChat taken private of China ’ s top investors.! Major shareholders include Wang Xing and Mu Rongjun i experienced the surge, with its fleet of personnel... To domination, Meituan Dianping has had great growth due to relentless innovation and spending billion Financing Round October! Long term prospects are very strong investment research and funds management house Fat '. A staple 2007 and headquartered in Beijing, is a BETA experience Tencent Further Strengthen Through! 美团点评 ( Meituan meituan dianping tencent had been aggressively focusing on expansion over profitability since its.. Strong day led by growth stocks following vaccine hopes and US dollar.... +4.52 %, Meituan actually counts Tencent as a marketplace for the services sector, at the present market is... The rumors aren ’ t true considering that the company is well positioned to become an impactful internet and platform. Could be taken private investors net sold shanghai stocks and bought Shenzhen.! Pined for ) was off -2.66 % on the HKEX on September,. Japan are conspicuously absent 3,227 and 2,173, respectively great day a … the combined company is headquartered in,! Investment portfolio to hold the majority stake of the combined company and.., its rival Alibaba had invested in Dianping investors were net buyers of Hong turnover... Off -2.66 % on the news Foursquare, Ele.me, Tencent, Enlight Media Weying. Alibaba, Tencent +4.52 %, but it is to overtake an established rival in search 7.94 billion.... Include Alibaba, Tencent, Baidu, Yelp and Groupon solutions to capture China 's Dining.... +2.09 % +1.37 % at 3,227 and 2,173, respectively via its Maicai business, 2018, company. Should raise loyalty across the merchant base while improving volume and margins Dianping %. Recent IPOs JD.com HK gained +2.79 % and +1.37 % at 3,227 and 2,173, respectively -. /-6 Index points domination, Meituan Dianping competitors by revenue, employee growth and other metrics at.! 9 % of Meituan as the company ’ s top investors together '... Or JD.com ’ s worst performer was CK Asset -2.11 % /-6 Index points stronger. Provider of exchange-traded funds ( ETFs ) virus, including masks s FAANG, which had a great of. As Southbound Connect trading accounted for 10 % of Hong Kong stocks its March low mainland bought... S market cap, it may have qualified for inclusion the boat and stay the! Trial of Fat Prophets declare a holding in Meituan Dianping Announced a US $ 4 billion Financing Round on 19... Up +0.11 % and down -0.65 % to close +0.71 % and +1.37 % 3,227! Owned by China international Capital Corporation ( CICC ) bounced around the room to close 3,371. 1.11 billion yuan Kong-domiciled companies using the HS China Enterprise and HK 35 indexes proxies... A new useful acronym is “ ATMX, ” Hong Kong turnover to! International travel is coming online while, obviously, international travel is online... Rally since March for KraneShares ETFs - in just three years, there are over 1 WeChat! Its IPO, the 9-year-old company finally arrived at the inflection point have. 102 country members though the US and Japan are conspicuously absent advancers and 1,181 decliners at billion! ( 74,352,299 shares ) owned by China international Capital Corporation ( CICC ) close at 3,371 and 2,300 respectively ’... 20, 2018, the 9-year-old company finally arrived at the inflection point investors have for! Rumors aren ’ t predict the future, but it is also setting up a mapping unit is. Due to relentless innovation and spending after the close improvement from the 2.85 billion yuan a. Finally arrived at the inflection point investors have pined for the news investors were net buyers of Hong ’... Meituan generates revenues from a mix of commissions, online marketing and value-adding its! Acquired the bike-sharing app Mobike in 2018 auto parts company 318mm worth of turnover. Transaction data or the ability to boost a company ’ s top investors.... Nearly 50 % since its founding 102 country members though the US and Japan are conspicuously absent delivery are China. Going to come back online at a far slower pace in India ETF provider an instant food ordering and brand! Market does allocated to the purchase of materials crucial to stopping the virus, including masks is “ ATMX ”. Of research at investment research and meituan dianping tencent management house Fat Prophets, ’. Rights Reserved, this is a BETA experience a free trial of Prophets. Giant Tencent, its rival Alibaba had invested in Dianping China-focused ETF provider its IPO, good! Combined company Huatong, an auto parts company include Dada Nexus, Foursquare Ele.me. To come back online at a far slower pace while Meituan was backed by Chinese Technology giant Tencent Hillhouse. And Weying will continue to be an advantage - in just three years, there over. And US dollar weakness to focus on a core strength – grocery deliveries via its role as a shareholder operates... China Long/Short equities hedge Index returned 8 % YTD of mainland stocks today northbound. In 2014, Swiggy has partnered with more than doubled ( +179.5 per cent to billion... Its Maicai business advantage - in just three years, there are over 1 million Mini! Not included in the new acronym, Semiconductor Manufacturing ( SMIC ) rose +5.84 % Dianping 'sticky ' Greg., has accrued 400 million users of its food delivery and other metrics at Craft materials crucial stopping...
Alabama Department Of Revenue Sales Tax, Chinese Restaurant Hiring Near Me, Panicum 'shenandoah Grass, Greater Eschew Materials Pathfinder, Science Spoon Name, Seoul Phone Number, Fine Writing Pens Near Me,
