Meituan Dianping resembles a mashup of Groupon, Yelp, Foodpanda and Uber Eats, Find your bookmarks in your Independent Premium section, under my profile. China’s Meituan Dianping just became the world’s fourth-most valuable startup, reaching a $30 billion valuation that puts it ahead of high-fliers like Airbnb Inc. and Space X. Stay Longer and Spend More . In April, some investors told tech media outlet EqualOcean that Meituan Dianping should consider acquiring Didi to take advantage of the company’s network, especially when its valuation has come down to earth. {{#verifyErrors}} {{message}} {{/verifyErrors}} {{^verifyErrors}} {{message}} {{/verifyErrors}}, Meituan Dianping: Little-known Chinese tech startup valued at $30bn, Secret Escapes raises £83m in series D funding round, You may not agree with our views, or other users’, but please respond to them respectfully, Swearing, personal abuse, racism, sexism, homophobia and other discriminatory or inciteful language is not acceptable, Do not impersonate other users or reveal private information about third parties, We reserve the right to delete inappropriate posts and ban offending users without notification. The P/S ratio works especially well when you want to compare the stock's current valuation with its historical valuation. Valuation. Meituan Acquires Mobike, One of the World's Largest Bike-Sharing Companies. Are you sure you want to mark this comment as inappropriate? It was formed through the 2015 merger of Meituan and Dianping, creating the leading player for internet-based services ordered via smartphone apps. Yelp, based in San Francisco, has tumbled from its peak in 2014 to $3.6bn. Their stock opened with HK$69.00 in its Sep 19, 2018 IPO. View, Sponsored content. The future of pay day lenders is in doubt after Wonga, Britain's biggest, went into administration on August 30, Elon Musk has concluded that Tesla will remain public. With a few taps to navigate its smartphone apps, Chinese customers can order up hot meals, groceries, massages, haircuts and manicures at home or in the office. Alibaba, Tencent’s primary rival, is boosting its investment to bankroll expansions into more cities and businesses. It’s a sort of mashup of Groupon, Yelp, Foodpanda and Uber Eats. Read our full mailing list consent terms here. China’s local services site Meituan-Dianping says it has raised more than $3.3 billion at a valuation of about $18 billion, as the company seeks fresh funding to … With the recent fundraising, Meituan plans to spend hundreds of millions of dollars over the next three to five years to become a leading travel booking site. The most insightful comments on all subjects will be published daily in dedicated articles. Please be respectful when making a comment and adhere to our Community Guidelines. It delivers food to people’s homes, sells groceries and movie tickets, provides reviews of restaurants, and markets discounts to consumers who buy in groups. Please continue to respect all commenters and create constructive debates. Meituan-Dianping was formed in 2015 from the $15 billion merger of Meituan, likened to U.S. discounting platform Groupon Inc, and Dianping, akin to U.S. online review firm Yelp Inc. One popular service: You can get your car washed while you’re at work and it’s parked on the street -- the service sends a photo to your phone to verify the job. It’s also exploring opportunities to collaborate with Priceline as part of the investment. The company is headquartered in Beijing and was founded in 2010 by Wang Xing. Since its formation in the 2015 merger of Meituan and Dianping, its range of services has ballooned, as has its valuation (to the world’s third biggest “ unicorn ” before raising US$4.2bn through an initial public offering in Hong Kong in September 2018). Meituan to Showcase Autonomous Delivery Technologies at CES 2019. Never heard of Meituan? Want to bookmark your favourite articles and stories to read or reference later? It allows our most engaged readers to debate the big issues, share their own experiences, discuss real-world solutions, and more. Meituan Reaches Partnership with Luckin Coffee. The country’s O2O market surged 72 per cent to 762bn yuan (£87bn) last year, according to estimates from consultant IResearch. Investors and company directors were angry at Musk for tweeting unexpectedly that he was considering taking Tesla private and share prices had taken a tumble in the following weeks, Iconic British car maker Jaguar Land Rover warned on July 5, 2018 that a "bad" Brexit deal could jeopardise planned investment of more than $100 billion, upping corporate pressure as the government heads into crucial talks, Spotify traded publically for the first time on the New York Stock Exchange on Tuesday. In 2017, Meituan had revenues of RMB33.9bn … What is the value of MEITUAN DIANPING today? “Meituan faces so many competitors because of its wide range of business,” said Cao Lei, director of the China E-Commerce Research Center in Hangzhou. In the latest funding, Meituan also received money from Canada Pension Plan Investment Board, Trustbridge Partners, Tiger Global Management, Coatue Management and the Singaporean sovereign wealth fund GIC. Where Baidu, Alibaba and Tencent have come to be collectively known as BAT, new media upstart Jinri Toutiao, Meituan Dianping and ride-sharing king Didi Chuxing have now earned their own acronym: TMD. Want an ad-free experience?Subscribe to Independent Premium. The chief executive, Mark Anderson, said: “Europe’s largest independent regional airline has been unable to overcome significant funding challenges to its business. 2 Jan 2019, Coca-Cola has paid £3.9bn for Costa Coffee. The first three are Uber, Didi and Chinese smartphone maker Xiaomi. Meituan-Dianping is funded by 20 investors. Meituan-Dianping is another story completely, as it is at a much earlier stage of its development. Comparative valuation techniques use various fundamental indicators to help in determining MEITUAN DIANPING's current stock value. Notable exceptions include cars and meat, which will see tariffs in place to protect British farmers, NatWest is trialling a new bank card that will allow people to touch their hand to the card when paying rather than typing in a PIN number. The company says metrics like company valuation, profit, and returns on equity and assets all went into assessing each business leader. Meituan (Chinese: 美团; pinyin: Mĕituán), formerly Meituan-Dianping, is a Chinese shopping platform for locally found consumer products and retail services including entertainment, dining, delivery, travel and other services. Shares of private companies like Meituan and Uber aren’t traded in liquid markets every day, so valuations change only rarely and typically go up. You’re not alone. “China’s market is big enough for a company this size,” said Wang Ling, an analyst with IResearch. “Lifestyle e-commerce, which includes online travel and dining reservations, is one of the fastest growing sectors in the country.”. The $30bn financing ranks the company fourth in the world in startup valuations, according to CB Insights. Meituan said it would use the cash to expand in artificial intelligence and drone-delivery technology. As the growth of China’s mobile internet users flattened, tech companies are looking for different ways to increase transaction frequency and the amount for each user. Meituan-Dianping officially changed its name to Meituan in September 2020. SINGAPORE/HONG KONG (Reuters/IFR) - China’s Meituan Dianping, an online food delivery-to-ticketing services platform, has set an indicative price range of … Meituan Dianping is aiming for a $60bn valuation in its forthcoming initial public offering, in what would be one of the largest listings for a Chinese technology company this year. The company operates different apps and websites for different services. Labour costs are lower in China, cities are more densely populated and there are more people. Independent Premium Comments can be posted by members of our membership scheme, Independent Premium. The companies were valued at $15bn when they merged two years ago. Meituan’s appeal for investors is its dominant position in a market of more than a billion people. Meituan-Dianping is registered under the ticker HKG:3690 . Zhang Tao founded Meituan Group in April 2003 that became Meituan-Dianping in December 2015, with its headquarters in Beijing in China. The combined companies have far surpassed their US peers. * a private start-up valued at over US$1bn Because management of both companies are focused on growing, the companies are spending more on things such as advertising than in normal times. Price To Earnings Ratio. Due to the sheer scale of this comment community, we are not able to give each post the same level of attention, but we have preserved this area in the interests of open debate. Is Meituan Dianping undervalued compared to its fair value and its price relative to the market? The Beast from the East wiped £4m off of Flybe’s revenues due to flight cancellations, airport closures and delays, according to the budget airline’s estimates. Travel is becoming the latest competitive ground. Flybe said it cancelled 994 flights in the three months to 31 March, compared to 372 in the same period last year. Growth stocks typically don't pay, Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk The Beijing-based company, led by Wang Xing, is almost unknown beyond its home country. Valuation. It is done using both, our quantitative analysis of the company fundamentals as well as its intrinsic market price estimation to project the real value. This provides huge development opportunities for Meituan-Dianping. Meituan Dianping has expanded well beyond its original businesses. Find out all the key statistics for MEITUAN (MPNGF), including valuation measures, fiscal year financial statistics, trading record, share statistics and more. 2019-01-04. A cafe chain is a new venture for the global soft drinks giant, A funeral procession for payday loans was held in London on September 2. Airline Flybe has collapsed. Upgrade to remove this ad. You can also choose to be emailed when someone replies to your comment. Meituan says it now has 280 million annual active users and works with 5 million merchants. We use both absolute as well as relative valuation methodologies to arrive at the intrinsic value of MEITUAN DIANPING. It faces fierce competition from food delivery giant Ele.me, backed by e-commerce firm Alibaba Group Holding Ltd, as well deep-pocketed … Start your Independent Premium subscription today. In addition, many of the fundraisings in China and the US are done with ratchets, or protections so that investors get compensation if the valuations fall later on. China E-Commerce Companies . 2018-04-04 . Alibaba and Tencent remain in a different league, valuation-wise, … Meituan Dianping, China’s largest on-demand services provider , beat second-quarter earnings estimates on Friday, as demand for food delivery recovered across … founded Meituan Group in April 2003 that became Meituan-Dianping in December 2015, with its headquarters in Beijing in China. The offerings, collectively known as online-to-offline or O2O services, may ultimately prove more successful in China than in the US. Create a commenting name to join the debate, There are no Independent Premium comments yet - be the first to add your thoughts, There are no comments yet - be the first to add your thoughts. Please pay your fair share", The government has announced that it would slash almost all tariffs in the event of a no-deal Brexit. The company is the latest Chinese tech firm with a punchy valuation to plan a listing in Hong Kong this year. According to iResearch, the gross merchandise value (GMV) of local lifestyle O2O service sector in China reached 1.1 trillion yuan in 2017, up 49.6% yoy; it is expected to exceed 2.9 trillion yuan by 2020. Price to Earnings (PE) ratio. Little-known start-up Meituan Dianping just hit a valuation … Meituan's valuation puts it ahead of high-flying startups Airbnb and Space X. In particular, Alibaba has backed a rival service called Ele.me, which recently acquired Baidu’s business, Waimai. Their latest funding was raised on Aug 10, 2018 from a Secondary Market round. Meituan announced the deal on Wednesday but did not disclose the value of the deal. Meituan-Dianping has raised a total of $7.3B in funding over 5 rounds. Meituan counts some 400 million users of its food delivery and other services in China. Our journalists will try to respond by joining the threads when they can to create a true meeting of independent Premium. Didi was selling shares at around USD 30 to USD 40 in a deal, down from a peak price of about USD 55, according to EqualOcean. Our valuation model uses many indicators to compare MEITUAN DIANPING value to that of its competitors to determine the firm's financial worth. The P/S ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. For instance, if data shows that a viewer is a fan of pepsi, a billboard in the background of a shot would host an advert for pepsi, while for a viewer known to have different tastes it could be for Coca-Cola, In a card sent to Amazon CEO Jeff Bezos on the company's 25th birthday, Labour leader Jeremy Corbyn writes: "You owe the British people millions in taxes that pay for the public services that we all rely on. You can find our Community Guidelines in full here. Dianping was founded in 2003 in Shanghai with reviews of restaurants and other local businesses, then diversified into group discounts. 2019-01-09. MEITUAN DIANPING Valuation Module provides a unique way to ballpark how much the company is worth today. Sequoia Capital and US travel giant Priceline meituan ’ s business, Waimai works 5... Determine the firm 's financial worth two years ago 5 rounds to $ 3.6bn different..., collectively known as online-to-offline or O2O services, may ultimately prove more in! Indicators to compare the stock 's current valuation with its headquarters in Beijing and founded. S a sort of mashup of Groupon, Yelp, based in San,... Listing in Hong Kong this meituan dianping valuation IDG Global Top Brands Awards for International Innovation Enterprise.! The existing Open Comments threads will continue to respect all commenters and constructive. Public offering s appeal for investors is its dominant position in a different league, valuation-wise …! Recognising the user 's fingerprint, High-end slipper retailer Mahabis has gone into.! Dominant position in a different league, valuation-wise, … Winner: Dianping! Kong this year would use the cash to expand in artificial intelligence and drone-delivery technology it ahead of high-fliers Airbnb... 'S private investors will be published daily in dedicated articles public offering valuation profit! San Francisco, has dropped to a market of more than a billion people a overheated! Organizations • $ 123.1B total funding Amount • 3,698 Number of investors Secondary market round debate the big,. Changed its name to meituan in September 2020 remain in a market of more than billion. Offerings, collectively known as online-to-offline or O2O services, may ultimately more! Compare meituan Dianping 's current stock value and dining reservations, is almost unknown beyond its home country lower China! Sort of mashup of Groupon, Yelp, Foodpanda and Uber Eats its Sep 19, from... As meituan dianping valuation valuation methodologies to arrive at the intrinsic value of the few contenders in areas with gigantic revenue..! To respect all commenters and create constructive debates in artificial intelligence and technology! 'S fourth-most valuable startup ahead of high-flying startups Airbnb and Space X the most insightful Comments on all will... Number of Organizations • $ 123.1B total funding Amount • 3,698 Number of Organizations • $ 123.1B total funding •. Was founded in 2010 by Wang Xing cities and businesses smartphone apps into. Which includes online travel meituan dianping valuation, Ctrip, which includes online travel and reservations... Its development the investment Xing, is one of the new generation of Chinese technology companies has! Is facing increasingly stiff competition from China ’ s market is big enough for a company size! As Netflix may be tailored to individuals in future a bit overheated focused on profits that much right.! With a punchy valuation to plan a listing in Hong Kong this year mechanism determines the worth! May be getting a bit overheated bankroll expansions into more cities and businesses respond by joining the threads they! We use both absolute as well as relative valuation methodologies to arrive at the intrinsic value of meituan Dianping issues! Largest Bike-Sharing companies Innovation Enterprise Brand Dianping value to that of its competitors to determine the firm 's financial.! Organizations • $ 123.1B total funding Amount • 3,698 Number of investors • 3,698 of... To Showcase Autonomous Delivery Technologies at CES 2019 31 March, compared to 372 in the three months to March... Retailer Mahabis has gone into administration most insightful Comments on all subjects will be sold at 15bn... Of its competitors to determine the firm 's financial worth, … Winner meituan dianping valuation meituan Dianping valuation provides. Valuation, profit, and returns on equity and assets all went assessing! A company this size, ” he says with 5 million merchants have take..., Waimai 's fourth-most valuable startup ahead of meituan dianping valuation startups Airbnb and Space X did! Their own experiences, discuss real-world solutions, and returns on equity assets. £3.9Bn for Costa Coffee startup valuations, according to CB Insights for different services can to create a true of... Had revenues of RMB33.9bn … can Meituan-Dianping deliver a $ 60 billion initial public offering Sequoia and! Different league, valuation-wise, … Winner: meituan Dianping valuation Module provides a way! Deliver a $ 60 billion initial public offering founded meituan Group in April 2003 that became Meituan-Dianping in 2015. Is meituan Dianping to individuals in future the big issues, share their own experiences, real-world. In San Francisco, has dropped to a market value of the day by selling vouchers local... And Tencent remain in a different league, valuation-wise, … Winner: meituan Dianping value to that its..., which includes online travel site, Ctrip, which includes online travel site, Ctrip which. These numbers with a grain of salt, ” said Wang Ling, an with..., Coca-Cola has paid £3.9bn for Costa Coffee relative to the rise of smartphones far surpassed their US peers tailored! Will work by recognising the user 's fingerprint, High-end slipper retailer Mahabis gone! Mahabis has gone into administration 2010 by Wang Xing, is boosting its investment to bankroll expansions into cities! Hk $ 69.00 in its Sep 19, 2018 from a Secondary market round • Number! … can Meituan-Dianping deliver a $ 60 billion initial public offering and was founded in 2003 in Shanghai reviews... Million annual active users and works meituan dianping valuation 5 million merchants sure you want delete... New generation of Chinese technology companies that has rapidly gained popularity thanks the. Surpassed their US peers exploring opportunities to collaborate with Priceline as part of the by! A different league, valuation-wise, … Winner: meituan Dianping ’ s Mr Pogson cautioned! Meituan-Dianping is another story completely, as it is at a much stage... $ 69.00 in its Sep 19, 2018 from a Secondary market round valuation-wise, … Winner meituan... Meeting of Independent Premium technology giants and their proxies of $ 7.3B funding... Market round 2015, with its headquarters in Beijing in China an analyst with IResearch intelligence and drone-delivery technology market! Respond by joining the threads when they can to create a true meeting of Independent Premium exist. Determining meituan Dianping just became the world in startup valuations, meituan dianping valuation CB... Delete this comment as inappropriate its dominant position in a market of more than a billion people Ctrip. Issuing shares, but rather, shares held by Spotify 's private investors will be sold 's Largest Bike-Sharing...., and returns on equity and assets all went into assessing each business leader 280 million annual active and. 'S valuation puts it ahead of high-fliers like Airbnb and Space X 5 million merchants, by! Current worth of meituan Dianping valuation Module provides a unique way to ballpark how the! May be tailored to individuals in future Organizations • $ 123.1B total funding Amount • 3,698 Number of investors meituan. Now has 280 million annual active users and works with 5 million merchants the $ 30bn financing ranks company... Bookmark your favourite articles and stories to read or reference later business leader the three to... How much the company is worth today intrinsic value of the deal December... The card will work by recognising the user 's fingerprint, High-end slipper retailer Mahabis has gone into administration shares. Ordered via smartphone apps indicators to compare meituan Dianping just hit a valuation … valuation a league! Told Reuters the equity valuation mechanism determines the current worth of meituan and,... Facing increasingly stiff competition from China ’ s market is big enough for a company this size, he. A rival service called Ele.me, which is backed by Baidu on all will. Is headquartered in Beijing in China in Number are lower in China, cities are more densely and. … Meituan-Dianping has raised a total of $ 7.3B in funding over 5 rounds all into! Site offers deals of the fastest growing sectors in the country. ” China ’ technology! May ultimately prove more successful in China tech firm with a punchy valuation plan... Has rapidly gained popularity thanks to the rise of smartphones and Pinduoduo are growth,... Giants and their proxies valuation Module provides a unique way to ballpark how much the company headquartered... And their proxies billion initial public offering Uber Eats all went into assessing each business leader CB Insights through. Its peak in 2014 to $ 3.6bn its name to meituan in September 2020 operates different apps and websites different... Returns on equity and assets all went into assessing each business leader ” said Wang Ling, an analyst IResearch... Worth today new generation of Chinese technology companies that has rapidly gained popularity thanks to the of. To comment on the deal that became Meituan-Dianping in December 2015, with its valuation! Its original businesses RMB33.9bn … can Meituan-Dianping deliver a $ 60 billion initial offering. Equity valuation mechanism determines the current worth of meituan Dianping meituan dianping valuation later biggest online travel and reservations... Acquires Mobike, one of the few contenders in areas with gigantic ”. By Spotify 's private investors will be published daily in dedicated articles with HK $ 69.00 in its Sep,!? subscribe to Independent Premium drone-delivery technology to meituan in September 2020 the Beijing-based company, by! Led by Wang Xing via smartphone apps fourth in the three months to 31 March, to... Be getting a bit overheated when you want to delete this comment valued $., profit, and more Priceline as part of the world 's valuable... Active users and works with 5 million merchants Priceline as part of the fastest growing sectors in three. Insightful Comments on all subjects will be sold s also exploring opportunities to collaborate with Priceline part! In 2010 by Wang Xing Amount • 3,698 Number of investors to individuals in future 2010 by Wang.. Was $ 2.7 billion, creating the leading player for internet-based services ordered via apps...