Meituan (美团) is another Hong Kong-listed company (under the ticker symbol SEHK:3690) I’m sure many fellow Singaporean retail investors are familiar with.
This post was originally posted here. The writer, Jun Yuan Lim is a veteran community member and blogger on InvestingNote, with a username known as @ljunyuan and has close to 2100 followers.
Listed on the Stock Exchange of Hong Kong since 20 September 2018, the company is China’s leading one-step platform for food, transportation, travel, shopping, and entertainment (I like to think of their app to be something similar to the ‘Grab’ super app we have in Singapore.)
Revenue for Meituan is derived from 4 business segments, along with their revenue contribution (in percentage terms) for the latest financial year 2021 ended 31 December in square brackets:
(i) Food Delivery Services – through its on-demand food delivery services [30%];
(ii) Commission – through a percentage of relevant transaction amount generated from sales of specified goods or services by merchants or third-party agent partners in its online...