Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Hong Kong
  4. Hong Kong Stock Exchange
  5. Meituan
  6. News
  7. Summary
    3690   KYG596691041

MEITUAN

(3690)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Meituan : China tells Meituan billionaire to lie low after poem furore - Bloomberg

06/18/2021 | 03:15am EDT
FILE PHOTO: Meituan Dianping's Wang Xing hits the gong during the debut of the company at the Hong Kong Exchanges in Hong Kong

(Reuters) - China has advised Meituan Chairman and CEO Wang Xing to keep a low profile after he posted an ancient poem last month that sparked a social media furore and sent the food delivery firm's shares plummeting, Bloomberg News reported on Friday.

Government officials summoned the founder of China's third-largest tech firm to a meeting recently and told him to refrain from courting the spotlight, at least temporarily, Bloomberg reported https://bloom.bg/3wIuIlC, citing unidentified people with knowledge of the matter.

Meituan did not respond to a Reuters request for comment.

The poem, posted on May 6 on a small social media site Wang founded, criticises the emperor of the Qin dynasty, who burnt books to suppress intellectual dissidents only to be overthrown by illiterates.

Many on social media interpreted the post as an allusion to the anti-monopoly campaign of President Xi Jinping. Wang said the reference was to business rivals, saying "the most dangerous opponents are often unexpected ones".

The original post has since been removed.

In April, China began an antitrust investigation into Meituan as it increased scrutiny of the country's sprawling internet platform economy.

(Reporting by Nandakumar D in Bengaluru; Editing by Christopher Cushing)


ę Reuters 2021
All news about MEITUAN
08/01China Orders Internet Giants Including Alibaba, Tencent to Rectify Internet S..
MT
07/30TENCENT : China urges tech companies to step up management of critical data expo..
RE
07/30China's Tech Regulator Urges Internet Companies to Step Up Risk Assessment
DJ
07/29Hong Kong Hang Seng Rises 3.3% on Beijing Assurances; Tech and Education Issu..
MT
07/29JD.com's Dada Group Launches Autonomous Delivery Platform
MT
07/29Chinese Tech Stocks Rise as Beijing Seeks to Reassure Global Investors
DJ
07/28International investor concerns mount over China's tech rout
RE
07/28International investor concerns mount over China's tech rout
RE
07/27MEITUAN : to Use Li Auto's Designs For its Autonomous Delivery Fleet
MT
07/27Factbox-From education to bitcoin, China's season of regulatory crackdown
RE
More news
Financials
Sales 2021 182 B 28 171 M 28 171 M
Net income 2021 -19 616 M -3 036 M -3 036 M
Net cash 2021 69 183 M 10 706 M 10 706 M
P/E ratio 2021 -70,3x
Yield 2021 -
Capitalization 1 324 B 170 B 205 B
EV / Sales 2021 6,89x
EV / Sales 2022 4,99x
Nbr of Employees 69 205
Free-Float 73,8%
Chart MEITUAN
Duration : Period :
Meituan Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends MEITUAN
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 38
Last Close Price 216,00 CNY
Average target price 292,93 CNY
Spread / Average Target 35,6%
EPS Revisions
Managers and Directors
Xing Wang Chairman & Chief Executive Officer
Shao Hui Chen Chief Financial Officer & Senior Vice President
Heung Yeung Shum Independent Non-Executive Director
Xue Song Leng Independent Non-Executive Director
Gordon Robert Halyburton Orr Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
MEITUAN-26.68%169 539
ALIBABA GROUP HOLDING LIMITED-16.13%530 561
SHOPIFY INC.32.51%187 174
PINDUODUO INC.-48.44%114 814
MERCADOLIBRE, INC.-6.36%78 203
EBAY INC.35.74%46 469