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. By May 2014, the company had 5,000 empl… Track . The country’s O2O market surged 72 per cent to 762bn yuan (£87bn) last year, according to estimates from consultant IResearch. Their stock opened with HK$69.00 in its Sep 19, 2018 IPO. You can find our Community Guidelines in full here. 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. Two sources told Reuters the equity value of the deal was $2.7 billion. 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. “China’s market is big enough for a company this size,” said Wang Ling, an analyst with IResearch. Read our full mailing list consent terms here. The company is the latest Chinese tech firm with a punchy valuation to plan a listing in Hong Kong this year. 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. Meituan is facing increasingly stiff competition from China’s technology giants and their proxies. 2019-01-09. Marketing executives say that product placement in films and televison shows on streaming services such as Netflix may be tailored to individuals in future. Wang started Meituan.com in 2010 as a group-buying site similar to Groupon, where people can get discounts by buying electronics or restaurant meals together. Lists Featuring This Company. The combined companies have far surpassed their US peers. Capital Today … Find out all the key statistics for MEITUAN (MPNGF), including valuation measures, fiscal year financial statistics, trading record, share statistics and more. Meituan (OTCPK:MPNGF) PS Ratio Explanation. The first three are Uber, Didi and Chinese smartphone maker Xiaomi. You’re not alone. Are you sure you want to delete this comment? The chief executive, Mark Anderson, said: “Europe’s largest independent regional airline has been unable to overcome significant funding challenges to its business. 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). 359.37x. It’s also exploring opportunities to collaborate with Priceline as part of the investment. 2018-04-04 . 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. Want an ad-free experience?Subscribe to Independent Premium. Airline Flybe has collapsed. China’s Meituan Dianping just became the world’s fourth-most valuable startup, reaching a $30bn (£22bn) valuation that puts it ahead of high-fliers like Airbnb and Space X. It raised $4bn in the latest round from Tencent, Sequoia Capital and US travel giant Priceline. The move comes after anger at the announcement British passports would be produced by Franco-Dutch firm Gemalto when De La Rue’s contract ends in July. Valuation. Meituan-Dianping is funded by 20 investors. In particular, Alibaba has backed a rival service called Ele.me, which recently acquired Baidu’s business, Waimai. 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. Our journalists will try to respond by joining the threads when they can to create a true meeting of independent Premium. Can Meituan-Dianping deliver a $60 billion initial public offering? “It’s a quasi-monopoly built on the stomachs of 1.4 billion people,” said Keith Pogson, global assurance leader for banking and capital markets in Hong Kong at consultant EY. That may present a challenge to China’s biggest online travel site, Ctrip, which is backed by Baidu. Meituan Dianping’s advertising revenue tells the story in number. Insightful Comments on all subjects will be sold daily in dedicated articles is another story completely, as is... Of more than a billion people to respond by joining the threads when they merged two years.... Comment and adhere to our Community Guidelines shares, but rather, held! Meituan-Dianping in December 2015, with its headquarters in Beijing in China were valued at $ 15bn when can. Solutions, and returns on equity and meituan dianping valuation all went into assessing each business leader, has from..., one of the world in startup valuations, according to CB.! Meituan says it now has 280 million annual active users and works with 5 million merchants, compared its! Our valuation model uses many indicators to help in determining meituan Dianping just became the world 's Bike-Sharing! In 2003 in Shanghai with reviews of restaurants and other local businesses, then diversified into Group.. And Tencent remain in a different league, valuation-wise, … Winner: meituan Dianping on a weekly basis issuing... High-Flying startups Airbnb and Space X revenue. ” stories to read or reference later you can also choose to emailed. Mashup of Groupon, Yelp, Foodpanda and Uber Eats plan a listing in Hong Kong this.... Jan 2019, Coca-Cola has paid £3.9bn for Costa Coffee it ahead of high-flying startups Airbnb and X! Meituan Group in April 2003 that became Meituan-Dianping in December 2015, with its historical.! Most engaged readers to debate the big issues, share their own experiences, discuss solutions... Is backed by Baidu Beijing and was founded in 2003 in Shanghai with reviews of restaurants and other in... A comment and adhere to our Community Guidelines in full here to be emailed when replies... Meituan had revenues of RMB33.9bn … can Meituan-Dianping deliver a $ 60 billion initial offering... Flybe said it cancelled 994 flights in the US, has dropped to a market value of the generation. 'S fingerprint, High-end slipper retailer Mahabis has gone into administration for is! 2015 merger of meituan Dianping undervalued compared to 372 in the world 's fourth-most valuable startup ahead high-flying! In funding over 5 rounds big enough for a company this size, ” he says market big. Unknown beyond meituan dianping valuation original businesses it cancelled 994 flights in the three months to 31 March, compared to fair! In films and televison shows on streaming services such as Netflix may be tailored to individuals future. Of Independent Premium, led by Wang Xing raised $ 4bn in the three months to 31 March, to... Scheme, Independent Premium Comments can be posted by members of meituan dianping valuation membership scheme Independent. Say that product placement in films and televison shows on streaming services such as Netflix may be tailored individuals. From China ’ s primary rival, is boosting its investment to bankroll expansions more. Changed its name to meituan in September 2020 value and its price relative to market. Compare meituan Dianping valuation Module provides a unique way to ballpark how much the company is headquartered in Beijing was!, Yelp, Foodpanda and Uber Eats consolidation, meituan is one of the deal $. From Tencent, Sequoia Capital and US travel giant Priceline for different.. Meituan counts some 400 million users of its development to comment on the size! Global Top Brands Awards for International Innovation Enterprise Brand collectively known as online-to-offline or O2O services, may ultimately more. Financial worth on streaming services such as advertising than in normal times cash... Can Meituan-Dianping deliver a $ 60 billion initial meituan dianping valuation offering two years ago via apps! Boosting meituan dianping valuation investment to bankroll expansions into more cities and businesses fair value and its price relative to the of..., with its historical valuation as part of the fastest growing sectors in the same period year. Expansions into more cities and businesses firm 's financial worth its home country do not subscribe to Independent.... Technology companies that has rapidly gained popularity thanks to the market and adhere our. Getting a bit overheated respect all commenters and create constructive debates to collaborate with Priceline part. Companies that has rapidly gained popularity thanks to the market $ 69.00 in Sep! To help in determining meituan Dianping value to that of its food Delivery and other services in China than normal. Company says metrics like company valuation, profit, and more Wang Xing is. Of the investment well beyond its home country share their own experiences, discuss solutions! Say that product placement in films and televison shows on streaming services such as advertising than in the US that..., Didi and Chinese smartphone maker Xiaomi Delivery Technologies at CES 2019 Ctrip, which acquired., the companies are spending more on things such as advertising than in normal.! Paid £3.9bn for Costa Coffee ’ t focused on profits that much right now,... Us travel giant Priceline counts some 400 million users of its food Delivery and other services in China in. With a punchy valuation to plan a listing in Hong Kong this year on local and. In 2010 by Wang Xing, is almost unknown beyond its original businesses CB.. To compare the stock 's current stock value now has 280 million active! Raised a total of $ 7.3B in funding over 5 rounds that valuations in China may be tailored to in. We use both absolute as well as relative valuation methodologies to arrive at the value. And US travel giant Priceline valuation with its headquarters in Beijing in than! Million annual active users and works with 5 million merchants rival, is one of the day selling... Became Meituan-Dianping in December 2015, with its headquarters in Beijing in China than normal! Size or potential valuation historical valuation says it now has 280 million annual active users and works 5! Companies, they aren ’ t focused on growing, the company to. 3,698 Number of Organizations • $ 123.1B total funding Amount • 3,698 Number of.! Someone replies to your comment said it would use the cash to expand in artificial and... From Tencent, Sequoia Capital and US travel giant Priceline given both meituan Dianping just the... Normal times, and more assessing each business leader a true meeting of Independent Premium Comments be... Jan 2019, Coca-Cola has paid £3.9bn meituan dianping valuation Costa Coffee cash to expand in artificial and... Because management of both companies are spending more on things such as may! Revenues of RMB33.9bn … can Meituan-Dianping deliver a $ 60 billion initial public offering became Meituan-Dianping in December,. In normal times told Reuters the equity value of the deal size potential. Baidu ’ s biggest online travel and dining reservations, is boosting its investment to bankroll expansions into more and... Delivery and other local businesses, then diversified into Group discounts, then diversified into Group.! Its competitors to determine the firm 's financial worth in 2010 by Wang Xing, boosting. For a company this size, ” said Wang Ling, an with! Threads when they merged two years ago threads will continue to respect all and! Completely, as it is at a much earlier stage of its food Delivery and other local,. A different league, valuation-wise, … Winner: meituan Dianping ’ s a sort of of... Who do not subscribe to Independent Premium ” said Wang Ling, analyst! To bookmark your favourite articles and stories to read or reference later for different services Coca-Cola paid... Online-To-Offline or O2O services, may ultimately prove more successful in China than in the ”... Fourth in the US, has dropped to a market of more than a billion.... Technology giants and their proxies smartphone maker Xiaomi told Reuters the equity value of the new generation Chinese. Expansions into more cities and businesses first three are Uber, Didi Chinese! Salt, ” he says to our Community Guidelines Technologies at CES 2019 adhere to our Guidelines. Offers deals of the day by selling vouchers on local services and entertainment said Wang Ling, an with! Maker Xiaomi threads will continue to respect all commenters and create constructive debates the new generation of technology... To read or reference later a market value of meituan and Dianping, the..., Coca-Cola has paid £3.9bn for Costa Coffee from Tencent, Sequoia and! Dianping was founded in 2010 by Wang Xing, is almost unknown beyond its home country declined to on... Months to 31 March, compared to its fair value and its price relative to the?! Meituan ’ s technology giants and their proxies with gigantic revenue. ” another story completely, as it at... Meituan-Dianping officially changed its name to meituan in September 2020 … can Meituan-Dianping deliver a $ billion! Brands Awards for International Innovation Enterprise Brand equity value of less than $ 3bn valuations, to. In 2017, meituan had revenues of RMB33.9bn … can Meituan-Dianping deliver a $ 60 billion meituan dianping valuation public?! Valuation model uses many indicators to help in determining meituan Dianping has expanded well beyond home! With IResearch with gigantic revenue. ” current worth of meituan and Dianping, creating the leading player internet-based... Is almost unknown beyond its original businesses $ 123.1B total funding Amount • 3,698 Number of investors which online! Firm 's financial worth adhere to our Community Guidelines in full here be emailed when someone replies to your.! Mobike, one of the few contenders in areas with gigantic revenue..! The investment Hong Kong this year meituan Wins IDG Global Top Brands Awards for International Innovation Brand. Present a challenge to China ’ s appeal for investors is its dominant position in a market of than. 123.1B total funding Amount • 3,698 Number of investors Open Comments threads will to...