Meituan traded at 93.05 this Tuesday August 11th, decreasing 0.85 or 0.91 percent since the previous trading session. Looking back, over the last four weeks, Meituan lost 19.37 percent. Over the last 12 months, its price fell by 22.07 percent. Looking ahead, we forecast Meituan to be priced at 89.96 by the end of this quarter and at 83.56 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.