From the king of losses to the third largest market value, 2.7 million riders to support the takeaway empire, Meituan can achieve now, and takeaway riders wind and rain to contribute inseparable.July 29, Meituan CEO Wang Xing microblogging, Meituan takeaway has exceeded a day of 30 million single. According to public data, *** more than 2.7 million riders are earning income through the Meituan delivery platform, of which more than 50% of riders have become the main source of family income. However, because of the harsh "late" deduction mechanism, delivery workers delivery pressure is also very big. After a National Day holiday, Meituan is indeed a little different. October 8, Meituan Dianping shares hit a new high, touching a record high of 89.25 Hong Kong dollars during the session. As of the close of the 8th at HK$89, up 5.08%. Currently the latest market value of 510.753 billion Hong Kong dollars, becoming China's third largest Internet company after Alibaba and Tencent. The growth of takeaway and to-store wine and travel performance is the driving force behind the capital market According to the data released by the Ministry of Culture and Tourism, the seven days of the National Day in 2019, the country*** received 782 million domestic tourists, an increase of 7.81% year-on-year; to achieve the domestic tourism revenue of 649.71 billion yuan, an increase of 8.47% year-on-year, and the tourism consumption has hit a new record high.
It has to be said that Meituan has really made a lot of noise recently. Products continue to push the new, the so-called borderless business in the wantonly open territory, such as Meituan "buy single" on the line, "steamed buns direct employment" debut, and so on. Along with this year's National Day Golden Week of tourism, Meituan not only played a beautiful battle in the consumer market, in the capital market is also to deliver a gratifying results.
After successfully breaking through the HK$500 billion market capitalization, Meituan has entered a new fighting field. Of course, while it continues to add to its bottom line, challenges will follow. Hong Kong Stock Research analyzes the opportunities and challenges facing Meituan, the takeout empire, through its recent performance.
Once the "king of losses" Successfully breaking through the HK$500 billion market capitalization, Meituan Dianping landed on the Hong Kong Stock Exchange in September 2018, opening at HK$72.9, a 5.6% jump from the HK$69 issue price. In January this year, Meituan Dianping's share price touched a low of HK$40.25, but then gradually recovered. Since the beginning of this year, the stock price has been oscillating upward, up 102.73% during the year. Now, domestic and foreign institutions continue to optimistic about the performance of the United States group, Goldman Sachs even gave a target price of 97.5 Hong Kong dollars / shares.
Which contributes the most to the profitability of the business when the catering takeaway, the second quarter of this year, the scale continues to climb, gross profit margins increased significantly. As of the end of the second quarter, the number of Meituan Dianping transaction users reached 420 million, with the gradual release of consumer potential, Meituan's outlook is good.
It must be said that there are many uncertainties in the current Hong Kong stock market, but Meituan was still able to break through the HK$500 billion market capitalization mark during the National Day period, and became a stock that attracted a lot of attention in the Hong Kong stock market during the period, which is a milestone of great significance to Meituan, and also marks Meituan's entry into a new field of battle. This is an important milestone for Meituan and marks the beginning of a new battlefield. This achievement is not unrelated to its market strategy centered on "eating".