The card will work by recognising the user's fingerprint, High-end slipper retailer Mahabis has gone into administration. From a valuation standpoint, the stock is extremely rich, trading at 6 times revenues, not for a value investor, but every other growth retail stock is expensive as well. Airline Flybe has collapsed. 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. 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. 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. Two sources told Reuters the equity value of the deal was $2.7 billion. 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 … The company operates different apps and websites for different services. Share Price vs. Fair Value. That may present a challenge to China’s biggest online travel site, Ctrip, which is backed by Baidu. Yelp, based in San Francisco, has tumbled from its peak in 2014 to $3.6bn. Please continue to respect all commenters and create constructive debates. 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. 2018-04-04 . The deadline to award a contract to make blue British passports after Brexit has been extended by two weeks following a request by bidder De La Rue. The company declined to comment on the deal size or potential valuation. 359.37x. Our valuation model uses many indicators to compare MEITUAN DIANPING value to that of its competitors to determine the firm's financial worth. Flybe said it cancelled 994 flights in the three months to 31 March, compared to 372 in the same period last year. 1,951 Number of Organizations • $123.1B Total Funding Amount • 3,698 Number of Investors. It’s also exploring opportunities to collaborate with Priceline as part of the investment. 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. 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. 2019-01-04. Start your Independent Premium subscription today. 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. In general, an absolute valuation paradigm, as applied to this company, attempts to find the value of MEITUAN DIANPING based exclusively on its, Growth stocks usually refer to those companies expected to grow sales and earnings faster than the market average. Meituan’s appeal for investors is its dominant position in a market of more than a billion people. 2 Jan 2019, Coca-Cola has paid £3.9bn for Costa Coffee. 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. In particular, Alibaba has backed a rival service called Ele.me, which recently acquired Baidu’s business, Waimai. Stay Longer and Spend More . {{#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. Meituan is facing increasingly stiff competition from China’s technology giants and their proxies. Little-known start-up Meituan Dianping just hit a valuation … 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. Meituan says it now has 280 million annual active users and works with 5 million merchants. 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. It faces fierce competition from food delivery giant Ele.me, backed by e-commerce firm Alibaba Group Holding Ltd, as well deep-pocketed … 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. You can find our Community Guidelines in full here. Meituan Dianping resembles a mashup of Groupon, Yelp, Foodpanda and Uber Eats, Find your bookmarks in your Independent Premium section, under my profile. Capital Today … You can analyze the, The equity valuation mechanism determines the current worth of MEITUAN DIANPING on a weekly basis. 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. Want to bookmark your favourite articles and stories to read or reference later? Valuation. 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. Meituan-Dianping is another story completely, as it is at a much earlier stage of its development. “China’s market is big enough for a company this size,” said Wang Ling, an analyst with IResearch. View, Sponsored content. Meituan counts some 400 million users of its food delivery and other services in China. In 2017, Meituan had revenues of RMB33.9bn … Want an ad-free experience?Subscribe to Independent Premium. Meituan said it would use the cash to expand in artificial intelligence and drone-delivery technology. The chief executive, Mark Anderson, said: “Europe’s largest independent regional airline has been unable to overcome significant funding challenges to its business. 2018-12-18. China E-Commerce Companies . 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. By May 2014, the company had 5,000 empl… * a private start-up valued at over US$1bn Alibaba and Tencent remain in a different league, valuation-wise, … Independent Premium Comments can be posted by members of our membership scheme, Independent Premium. The Meituan site offers deals of the day by selling vouchers on local services and entertainment. 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. You can also choose to be emailed when someone replies to your comment. Their stock opened with HK$69.00 in its Sep 19, 2018 IPO. The company is headquartered in Beijing and was founded in 2010 by Wang Xing. 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. Meituan Dianping, China’s largest on-demand services provider , beat second-quarter earnings estimates on Friday, as demand for food delivery recovered across … Valuation. 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. 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. 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