T. H. Data Flash – Meituan Dianping – May & 2Q19E: The Growth of Food Delivery Market Slower in 2Q19; Meituan Market Share Stable
In general, the food delivery market growth in 2Q19 was at about 23.8% Y/Y, slower than 32.9% Y/Y in 1Q19. The “5.17” (May 17th) promotion was a positive factor for the growth in May 2019. Total GTV growth of the food delivery sector (Meituan Waimai and Ele.me) accelerated to 25.1% in May 2019 from 22.5% in April 2019.
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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