T. H. Data Flash – Meituan Dianping – November & 4Q19E: Food Delivery Market Growth Slowed And Ele.me Performed Better Benefiting From Traffic Support From Alipay In November 2019
The food delivery market in China showed slower growth in November mainly due to the weaker economy. The early Chinese New Year in January is likely to add more pressure to this sector. Between Meituan and Ele.me, we believe Ele.me performed better in November 2019 as it received traffic support from Alipay and benefited from “11.11” sales event. Therefore, Meituan’s market share in both orders and GTV were slightly down in November compared with that in October.
MEITUAN DIANPING is a China-based e-commerce platform providing life services. The Company connects consumers and businesses to provide services satisfying people's daily eating needs. The Company owns an instant food ordering and delivery brand, Meituan, as well as provides services through its mobile application, Meituan. The Company is also engaged in the operation of a bike-sharing brand, Mobike.
T.H. Capital is an independent research and investment advisory firm specializing in China. We offers real-time, on-the-ground, bottom-up research across a wide spectrum from macro and industry analysis to company specific projects; from China ADRs to international names that have meaningful exposure to China market. We deliver relevant, comprehensive and data driven research adding immense value to clients.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.