Meituan Dianping resembles a mashup of Groupon, Yelp, Foodpanda and Uber Eats, Find your bookmarks in your Independent Premium section, under my profile. In the latest funding, Meituan also received money from Canada Pension Plan Investment Board, Trustbridge Partners, Tiger Global Management, Coatue Management and the Singaporean sovereign wealth fund GIC. Our valuation model uses many indicators to compare MEITUAN DIANPING value to that of its competitors to determine the firm's financial worth. By May 2014, the company had 5,000 empl… 2018-04-04 . Meituan announced the deal on Wednesday but did not disclose the value of the deal. Two sources told Reuters the equity value of the deal was $2.7 billion. Want an ad-free experience?Subscribe to Independent Premium. “Lifestyle e-commerce, which includes online travel and dining reservations, is one of the fastest growing sectors in the country.”. You can analyze the, The equity valuation mechanism determines the current worth of MEITUAN DIANPING on a weekly basis. You can find our Community Guidelines in full here. It’s also exploring opportunities to collaborate with Priceline as part of the investment. The Meituan site offers deals of the day by selling vouchers on local services and entertainment. Comparative valuation techniques use various fundamental indicators to help in determining MEITUAN DIANPING's current stock value. The company operates different apps and websites for different services. It raised $4bn in the latest round from Tencent, Sequoia Capital and US travel giant Priceline. Growth stocks typically don't pay, Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk Create a commenting name to join the debate, There are no Independent Premium comments yet - be the first to add your thoughts, There are no comments yet - be the first to add your thoughts. Chicago-based Groupon, once a sensation in the US, has dropped to a market value of less than $3bn. “Meituan faces so many competitors because of its wide range of business,” said Cao Lei, director of the China E-Commerce Research Center in Hangzhou. Flybe said it cancelled 994 flights in the three months to 31 March, compared to 372 in the same period last year. 2019-01-09. 2019-01-04. The country’s O2O market surged 72 per cent to 762bn yuan (£87bn) last year, according to estimates from consultant IResearch. Where Baidu, Alibaba and Tencent have come to be collectively known as BAT, new media upstart Jinri Toutiao, Meituan Dianping and ride-sharing king Didi Chuxing have now earned their own acronym: TMD. Meituan-Dianping was formed in 2015 from the $15 billion merger of Meituan, likened to U.S. discounting platform Groupon Inc, and Dianping, akin to U.S. online review firm Yelp Inc. This provides huge development opportunities for Meituan-Dianping. Find out all the key statistics for MEITUAN (MPNGF), including valuation measures, fiscal year financial statistics, trading record, share statistics and more. It delivers food to people’s homes, sells groceries and movie tickets, provides reviews of restaurants, and markets discounts to consumers who buy in groups. Meituan said it would use the cash to expand in artificial intelligence and drone-delivery technology. Zhang Tao founded Meituan Group in April 2003 that became Meituan-Dianping in December 2015, with its headquarters in Beijing in China. Never heard of Meituan? Didi was selling shares at around USD 30 to USD 40 in a deal, down from a peak price of about USD 55, according to EqualOcean. Start your Independent Premium subscription today. Please pay your fair share", The government has announced that it would slash almost all tariffs in the event of a no-deal Brexit. Want to bookmark your favourite articles and stories to read or reference later? Meituan-Dianping is funded by 20 investors. Alibaba, Tencent’s primary rival, is boosting its investment to bankroll expansions into more cities and businesses. Capital Today … Please be respectful when making a comment and adhere to our Community Guidelines. The future of pay day lenders is in doubt after Wonga, Britain's biggest, went into administration on August 30, Elon Musk has concluded that Tesla will remain public. Meituan has been likened to U.S. discounting platform Groupon Inc. Can Meituan-Dianping deliver a $60 billion initial public offering? Below Fair Value: 3690 (HK$241.8) is trading above our estimate of fair value (HK$119.37) Significantly Below Fair Value: 3690 is trading above our estimate of fair value. China’s Meituan Dianping just became the world’s fourth-most valuable startup, reaching a $30bn (£22bn) valuation that puts it ahead of high-fliers like Airbnb and Space X. 2 Jan 2019, Coca-Cola has paid £3.9bn for Costa Coffee. You can also choose to be emailed when someone replies to your comment. China’s Meituan Dianping just became the world’s fourth-most valuable startup, reaching a $30bn (£22bn) valuation that puts it ahead of high-fliers like Airbnb and Space X. Their stock opened with HK$69.00 in its Sep 19, 2018 IPO. * a private start-up valued at over US$1bn Read our full mailing list consent terms here. The move comes after anger at the announcement British passports would be produced by Franco-Dutch firm Gemalto when De La Rue’s contract ends in July. For instance, if data shows that a viewer is a fan of pepsi, a billboard in the background of a shot would host an advert for pepsi, while for a viewer known to have different tastes it could be for Coca-Cola, In a card sent to Amazon CEO Jeff Bezos on the company's 25th birthday, Labour leader Jeremy Corbyn writes: "You owe the British people millions in taxes that pay for the public services that we all rely on. The most insightful comments on all subjects will be published daily in dedicated articles. 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. The first three are Uber, Didi and Chinese smartphone maker Xiaomi. China E-Commerce Companies . The company says metrics like company valuation, profit, and returns on equity and assets all went into assessing each business leader. Meituan-Dianping has raised a total of $7.3B in funding over 5 rounds. SINGAPORE/HONG KONG (Reuters/IFR) - China’s Meituan Dianping, an online food delivery-to-ticketing services platform, has set an indicative price range of … Meituan to Showcase Autonomous Delivery Technologies at CES 2019. In particular, Alibaba has backed a rival service called Ele.me, which recently acquired Baidu’s business, Waimai. The chief executive, Mark Anderson, said: “Europe’s largest independent regional airline has been unable to overcome significant funding challenges to its business. Valuation. Meituan says it now has 280 million annual active users and works with 5 million merchants. The company declined to comment on the deal size or potential valuation. According to iResearch, the gross merchandise value (GMV) of local lifestyle O2O service sector in China reached 1.1 trillion yuan in 2017, up 49.6% yoy; it is expected to exceed 2.9 trillion yuan by 2020. Our journalists will try to respond by joining the threads when they can to create a true meeting of independent Premium. The P/S ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The company is headquartered in Beijing and was founded in 2010 by Wang Xing. With the recent fundraising, Meituan plans to spend hundreds of millions of dollars over the next three to five years to become a leading travel booking site. The $30bn financing ranks the company fourth in the world in startup valuations, according to CB Insights. The combined companies have far surpassed their US peers. From a valuation standpoint, the stock is extremely rich, trading at 6 times revenues, not for a value investor, but every other growth retail stock is expensive as well. Meituan is facing increasingly stiff competition from China’s technology giants and their proxies. Independent Premium Comments can be posted by members of our membership scheme, Independent Premium. Meituan's valuation puts it ahead of high-flying startups Airbnb and Space X. Are you sure you want to mark this comment as inappropriate? With a few taps to navigate its smartphone apps, Chinese customers can order up hot meals, groceries, massages, haircuts and manicures at home or in the office. Given both Meituan Dianping and Pinduoduo are growth companies, they aren’t focused on profits that much right now. The P/S ratio works especially well when you want to compare the stock's current valuation with its historical valuation. Upgrade to remove this ad. China’s local services site Meituan-Dianping says it has raised more than $3.3 billion at a valuation of about $18 billion, as the company seeks fresh funding to … That may present a challenge to China’s biggest online travel site, Ctrip, which is backed by Baidu. Travel is becoming the latest competitive ground. Meituan Dianping, China’s largest on-demand services provider , beat second-quarter earnings estimates on Friday, as demand for food delivery recovered across … It is done using both, our quantitative analysis of the company fundamentals as well as its intrinsic market price estimation to project the real value. In April, some investors told tech media outlet EqualOcean that Meituan Dianping should consider acquiring Didi to take advantage of the company’s network, especially when its valuation has come down to earth. Meituan Dianping’s advertising revenue tells the story in number. China's Meituan Dianping just became the world's fourth-most valuable startup ahead of high-fliers like Airbnb and Space X. 2018-12-18. Labour costs are lower in China, cities are more densely populated and there are more people. China’s Meituan Dianping just became the world’s fourth-most valuable startup, reaching a $30 billion valuation that puts it ahead of high-fliers like Airbnb Inc. and Space X. The company is the latest Chinese tech firm with a punchy valuation to plan a listing in Hong Kong this year. Meituan’s appeal for investors is its dominant position in a market of more than a billion people. Stay Longer and Spend More . A cafe chain is a new venture for the global soft drinks giant, A funeral procession for payday loans was held in London on September 2. In 2017, Meituan had revenues of RMB33.9bn … Meituan Acquires Mobike, One of the World's Largest Bike-Sharing Companies. As the growth of China’s mobile internet users flattened, tech companies are looking for different ways to increase transaction frequency and the amount for each user. Meituan Dianping is aiming for a $60bn valuation in its forthcoming initial public offering, in what would be one of the largest listings for a Chinese technology company this year. Valuation. 359.37x. The existing Open Comments threads will continue to exist for those who do not subscribe to Independent Premium. In general, an absolute valuation paradigm, as applied to this company, attempts to find the value of MEITUAN DIANPING based exclusively on its, Growth stocks usually refer to those companies expected to grow sales and earnings faster than the market average. All future flights on the Exeter-based airline have been cancelled – leaving more than 2,300 staff facing an uncertain future, and wrecking the travel plans of hundreds of thousands of passengers. “It’s a quasi-monopoly built on the stomachs of 1.4 billion people,” said Keith Pogson, global assurance leader for banking and capital markets in Hong Kong at consultant EY. 1,951 Number of Organizations • $123.1B Total Funding Amount • 3,698 Number of Investors. Little-known start-up Meituan Dianping just hit a valuation … Read More. The card will work by recognising the user's fingerprint, High-end slipper retailer Mahabis has gone into administration. Yelp, based in San Francisco, has tumbled from its peak in 2014 to $3.6bn. Meituan Reaches Partnership with Luckin Coffee. Meituan-Dianping is registered under the ticker HKG:3690 . Price to Earnings (PE) ratio. “China’s market is big enough for a company this size,” said Wang Ling, an analyst with IResearch. Since its formation in the 2015 merger of Meituan and Dianping, its range of services has ballooned, as has its valuation (to the world’s third biggest “ unicorn ” before raising US$4.2bn through an initial public offering in Hong Kong in September 2018). Share Price vs. Fair Value. “You have to take these numbers with a grain of salt,” he says. Meituan (OTCPK:MPNGF) PS Ratio Explanation. Meituan Dianping is trading at 7 times revenue, even though revenue for the company declined by … It was formed through the 2015 merger of Meituan and Dianping, creating the leading player for internet-based services ordered via smartphone apps. Meituan is one of the new generation of Chinese technology companies that has rapidly gained popularity thanks to the rise of smartphones. Lists Featuring This Company. Please continue to respect all commenters and create constructive debates. Is Meituan Dianping undervalued compared to its fair value and its price relative to the market? EY’s Mr Pogson however cautioned that valuations in China may be getting a bit overheated. We use both absolute as well as relative valuation methodologies to arrive at the intrinsic value of MEITUAN DIANPING. Alibaba and Tencent remain in a different league, valuation-wise, … … One popular service: You can get your car washed while you’re at work and it’s parked on the street -- the service sends a photo to your phone to verify the job. Airline Flybe has collapsed. China’s Meituan Dianping just became the world’s fourth-most valuable startup, reaching a $30 billion valuation that puts it ahead of high-fliers like Airbnb Inc. and Space X. Meituan-Dianping officially changed its name to Meituan in September 2020. Track . Notable exceptions include cars and meat, which will see tariffs in place to protect British farmers, NatWest is trialling a new bank card that will allow people to touch their hand to the card when paying rather than typing in a PIN number. 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