Composite valuation range · conservative HK$48–HK$50 / fair HK$66–HK$90 / optimistic HK$112–HK$125. At HK$71.8, Within the fair intrinsic-value range.
At publication HK$68.5 (Jul 1, 2026)
China's market regulator fined several platforms including Meituan over failures to verify online food vendor licenses.
Possible impact:May affect compliance costs, merchant onboarding pace, and perceived risk in food delivery.
Meituan's LongCat team released and open-sourced LongCat-Next, a native multimodal AI model.
Possible impact:May affect expectations for Meituan's AI investment, technical capabilities, and product use cases.
Meituan shares rose 14% after China's regulator reposted commentary urging an end to the food-delivery price war.
Possible impact:May affect expectations for lower subsidy intensity and margin recovery.
Automatically summarized from public sources; for context only, not investment advice.
Data from EODHD, shown in the reporting currency; for reference only, not investment advice.
Meituan operates as a technology driven retail company in the People's Republic of China, Hong Kong, Macao, Taiwan, and internationally. It operates through Core Local Commerce and New Initiatives segments. The company offers daily goods and services, such as food delivery, in-store, hotel and travel booking, and other services and sales; bike sharing, e-moped sharing, power banks and micro-credit; and operates Kuailv and Xiaoxiang Supermarkets. It also sells goods from B2B food distribution services; provides online marketing services to merchants; e-commerce; multimedia information technology; online retail platform; cloud computing; and merchant information advisory services. The company was formerly known as Meituan Dianping and changed its name to Meituan in October 2020. Meituan was founded in 2003 and is headquartered in Beijing, China.
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