Meituan and Dianping were originally two separate giant companies that got merged in 2015 to become Meituan Dianping. Tencent has an 18.2% stake in Meituan. They made their public debut on the Hong Kong stock exchange (HKEX) only recently on Sep 2018. Due to a lack of stock reviews and discussions online, I felt Meituan Dianping is a growth stock which is relatively unknown to many investors. But anyone from China would definitely know what Meituan Dianping is, just like how we are familiar with Grab.
I came across this stock only recently when I was tasked to write an article about it when applying for an equity analyst position. Here is a summary of what I have gathered. I will also include my personal take on whether this counter is a good buy or not.
Background of Meituan Dianping
There is no better way to start off what Meituan Dianping