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CFDs come with a high risk of losing money rapidly due to leverage. 71% of accounts lose money when trading CFDs with this provider. You should understand how CFDs work and consider if you can take the risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

79% of retail investor accounts lose money when trading CFDs with this provider.

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Meituan Stocks

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About

History

Competitors

About

History

Competitors

Meituan (HK3690) is a leading Chinese technology platform that provides a range of online services including food delivery, hotel booking, ride-hailing, and other on-demand services. Founded in 2010 by Wang Xing, the company has quickly grown to become one of the largest and most influential e-commerce platforms in China. It went public on the Hong Kong Stock Exchange in September 2018.

With its innovative business model and extensive user base, Meituan has revolutionized the way Chinese consumers access and interact with local services. The company connects consumers with local merchants through its mobile app, offering convenience, efficiency, and competitive pricing. Its market capitalization of 796.49 billion HKD reflects its position as a major player in the Chinese tech industry.

Over the past five years, Meituan's highest stock price reached 460.00 HKD per share in February 2021, potentially driven by strong financial performance and positive market sentiment towards the company's growth initiatives. Conversely, the lowest stock price hit 40.25 HKD per share in January 2019, possibly due to market volatility and challenges within the retail sector.

To analyze the company's share price history, traders can utilize various tools and indicators. Technical analysis techniques such as moving averages, Relative Strength Index (RSI), and Bollinger Bands, may provide insights into the stock's performance and potential investment opportunities. Additionally, fundamental analysis, which includes examining financial statements, industry trends, and macroeconomic factors, may also provide a deeper understanding of the forces shaping the company's share price.

By combining technical and fundamental analysis, investors may identify trends and potential opportunities within this dynamic market.

Before trading Meituan stock, it's important to consider its competitors in the market. Some key competitors worth considering include:

  • Alibaba (BABA.US): One of the largest e-commerce companies globally, offers a wide range of products and services, including online retail, cloud computing, and digital entertainment.
  • Tencent (TME.US): A leading technology conglomerate, provides various services like social media, gaming, and digital payments.
  • Didi Global (DID.US): A prominent ride-hailing platform, connects users with transportation services.
  • Delivery Hero (DHER.DE): It operates a global food delivery platform, facilitating the delivery of meals from local restaurants.

These competitors have a significant presence in the Chinese market and may impact Meituan's performance. Understanding their market positions, strategies, and financial performance may help evaluate the competitive landscape and make informed trading decisions.

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* The spreads provided are a reflection of the time-weighted average. Though Skilling attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.

The above spreads are applicable under normal trading conditions. Skilling has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions'.

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Why Trade [[data.name]]

Make the most of price fluctuations - no matter what direction the price swings and without capital restrictions that come with buying the underlying asset.

CFDs
Equities
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Capitalise on rising prices (go long)

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Capitalise on falling prices (go short)

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Trade with leverage
Hold larger positions than the cash you have at your disposal

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Trade on volatility
No need to own the asset

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No commissions
Just low spreads

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Manage risk with in-platform tools
Ability to set take profit and stop loss levels

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