Meituan traded at 87.20 this Thursday July 16th, increasing 3.80 or 4.56 percent since the previous trading session. Looking back, over the last four weeks, Meituan gained 17.20 percent. Over the last 12 months, its price fell by 30.52 percent. Looking ahead, we forecast Meituan to be priced at 76.94 by the end of this quarter and at 71.88 in one year, according to Trading Economics global macro models projections and analysts expectations.
Meituan, formerly 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.