Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Stock Exchange of Hong Kong  >  Meituan Dianping    3690   KYG596691041

MEITUAN DIANPING

(3690)
  Report  
SummaryNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

Meituan Dianping : Shanghai fines Didi, Meituan for using unlicensed vehicles

share with twitter share with LinkedIn share with facebook
share via e-mail
0
08/14/2019 | 06:22am EDT
Company logo of China's Meituan Dianping is displayed at a news conference in Hong Kong

BEIJING (Reuters) - Shanghai authorities have fined ride-hailing service providers Didi Chuxing and Meituan Dianping for using unlicensed vehicles and warned their smartphone applications could be suspended if they continue to fail to meet standards.

The fines are the latest in a crackdown on illegal practices in China's fast-growing ride-hailing industry.

Shanghai's transportation and communications authorities have fined Didi 200,000 yuan ($28,400) for providing services with unlicensed vehicles, the Shanghai transportation commission said on its WeChat social media account on Tuesday.

The commission added Didi had already been fined 5.5 million yuan in the last assessment of the industry in July.

It said the authorities had also fined Meituan Dianping 30,000 yuan, following a 1.47 million yuan penalty last month.

Local government data showed around 80% of unlicensed vehicles spotted by the latest assessment were hired by Didi and more than 15% were hired by Meituan Dianping in the past three days, the commission said.

It warned regulators could suspend ride-hailing services' smartphone applications if they fail to meet requirements published by the government in 2018.

Didi said it is actively communicating with authorities and will continue to promote the compliance of ride-hailing service's vehicles. Meituan Dianping declined to comment.

China toughened rules on ride-hailing services last year after a number of high-profile incidents, including the killing of two passengers, that stoked public anger. It ordered companies to suspend drivers without proper operating licenses and stop new registrations for unqualified drivers. Since then, Didi has been working on improving safety measures.

(Reporting by Yilei Sun, Yingzhi Yang and Brenda Goh; Editing by Mark Potter and Rashmi Aich)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on MEITUAN DIANPING
08:51aChinese food delivery firm Meituan posts first quarterly profit since listing
RE
08/21Indonesian VC fund, backed by co-founders of Alibaba, Facebook, raises $75 mi..
RE
08/21EXCLUSIVE : Alibaba postpones up to $15 billion Hong Kong listing amid protests ..
RE
08/17ALIBABA AND THE $15 BILLION QUESTION : Amid Hong Kong's protests, when to list?
RE
08/16China's Ninebot unveils scooters that drive themselves to charging stations
RE
08/14China's Meituan Dianping to join maps service battle
RE
08/14MEITUAN DIANPING : Shanghai fines Didi, Meituan for using unlicensed vehicles
RE
08/02Hong Kong's bourse agrees terms for dual-class share trading with mainland Ch..
RE
07/10Chinese movie-ticketing leader Maoyan says to boost film investment, Tencent ..
RE
05/20MEITUAN DIANPING : Upping the pace 56
AQ
More news
Financials (CNY)
Sales 2019 91 196 M
EBIT 2019 -5 664 M
Net income 2019 -6 959 M
Finance 2019 59 015 M
Yield 2019 -
P/E ratio 2019 -51,7x
P/E ratio 2020 227x
EV / Sales2019 3,80x
EV / Sales2020 2,95x
Capitalization 405 B
Chart MEITUAN DIANPING
Duration : Period :
Meituan Dianping Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 24
Average target price 64,77  CNY
Last Close Price 70,00  CNY
Spread / Highest target 18,9%
Spread / Average Target -7,48%
Spread / Lowest Target -58,1%
EPS Revisions
Managers
NameTitle
Xing Wang Chairman & Chief Executive Officer
Shao Hui Chen Chief Financial Officer & Senior Vice President
Harry Shum Independent Non-Executive Director
Xue Song Leng Independent Non-Executive Director
Nan Peng Shen Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
MEITUAN DIANPING51 791
ALIBABA GROUP HOLDING25.42%447 580
SHOPIFY INC (US)180.64%43 737
JD.COM40.90%43 022
PINDUODUO INC36.32%35 304
EBAY INC.42.50%33 551