3690.HK: Meituan Has To Fight The Fight In Food Delivery
Meituan Dianping will report 3Q18 results on November 22nd with a 7am EST conference call. Based on our proprietary data and assumptions, Meituan food delivery GTV is likely to grow 56.2% Y/Y in 3Q18 to RMB79.0B, mainly attributable to order growth at 47.6% Y/Y.
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.
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