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
Длинная позиция
-5%
Короткая позиция
-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
Закрыто
Sat
Закрыто

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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.

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