Meituan

Meituan is an internet platform company in China focused on local consumer services. It connects consumers with restaurants, stores and service businesses through its mobile apps. Its shares trade on the Hong Kong Stock Exchange under the code 3690.

Its main line of business is food ordering and courier delivery; the company has extended this network to quick delivery of groceries, pharmacy items and retail products. Discount vouchers for restaurants and entertainment venues, hotel and travel bookings, and advertising and software services offered to merchants are its other sources of income. Under the new initiatives heading, it offers food delivery in some markets outside China under the Keeta brand.

For this stock, consumer spending in China, price competition and subsidies in the delivery market, regulation of courier working conditions and the cost of overseas expansion are watched. The Meituan page on Lzzo.com shows the price of the shares, which trade in Hong Kong dollars, on a US dollar basis; users can switch to the Turkish lira, euro or pound sterling option. A chart, technical indicators, the data source and the time of the last update are also on the page.