Meituan (3690.HK)

Meituan (3690.HK)


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Meituan Dianping - Class B Profile

Meituan Dianping - Class B (3690.xhkg) is a Chinese e-commerce company focusing on lifestyle services such as entertainment, dining, food delivery, travel, and other services. MEITUAN is headquartered in Beijing, China, and is currently facilitating on its app 569 million merchants and consumers. Meituan Dianping - Class B (3690.xhkg) is traded on the Hong Kong Stock Exchange (SEHK) and its market cap is currently $226.489B (HKD). In April 2021, Meituan raised $9.98B (USD) by selling $10B (USD) in underlying assets. The purpose was to expand into China's groceries space as well as to develop autonomous technologies in the drone and delivery space. This move resulted in having the State Administration of Market Regulation (SAMR) announcing an investigation into Meituan for alleged anticompetitive practices that led to the loss of $40B (USD) for the Chinese e-commerce giant.

Holding cost
Long
-5%
Short
-2.5%
Trading hours in HK Time
Fri
09:00-16:00
Mon
09:00-16:00
Tue
09:00-16:00
Wed
09:00-16:00
Thu
09:00-16:00
Sun
Closed
Sat
Closed

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Share CFD Trading FAQ

Each investor owning shares of a company is also owning fragments of the company. A quite simple way to explain what a stock is is basically when a company divides itself into several shares and then it makes a part of these equities available to the public, at a price. Each investor owning shares of a company is owning fragments of the company.

While shares represent units of ownership within a company Contracts for Difference (CFDs) allow traders to speculate on the future share price fluctuations of an underlying asset. Thus when trading CFDs traders do not physically own the underlying asset. CFDs are available for a range of underlying assets, such as shares, commodities, and foreign exchange, and indices.

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