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The stock price of China’s Meituan Dianping rose 137%, is it the end of its stock price?
Meituan Dianping made remarkable achievements in Q3 2019. Not only the total revenue maintained a 44.1% year-on-year growth rate, but also the operating profit for two consecutive quarters was positive. So the possibility of annual profit was further enlarged. At the same time, the capital market also gave a positive evaluation of the company. At present, the stock price of Meituan Dianping rose 137% compared with the beginning of the year.
But on the other hand, Meituan Dianping is still in the market environment surrounded by its competitors. It not only has carried out various kinds of subsidy wars with Alibaba's local life, but also has increased the competition with Ctrip in hotel. Only with the tightening of business, the competition with Didi in takeout and taxi has temporarily come to an end.
In this paper, we will focus on how Meituan Dianping respond to the current competition pattern and whether Meituan Dianping have investment potential.
Shrink the front line and adjust the way of revenue