NetEase Technology News September 6th news, Meituan commentary held a press conference in Hong Kong today. Meituan comment will be publicly offered this Friday (September 7th). The US IPO pricing range has been finalized. The price per share is 60 Hong Kong dollars - 72 Hong Kong dollars, and the price range is 357.5 billion Hong Kong dollars - 429 billion Hong Kong dollars (about 45.5 billion yuan). The US dollar - $54.7 billion), the admission fee is about 7272.55 Hong Kong dollars. Meituan will be listed on the Hong Kong Stock Exchange on September 20.
At the press conference, Wang Xing, founder, chairman and CEO of Meituan, said that Meituan had 340 million annual consumer users on the demand side. On average, every four Chinese spent money on Meituan, and there were 4.7 million on the supply side. Offline merchants cooperate. At present, the Meituan has completed coverage of various regions in the Mainland.
The Meituan Review is already one of the largest e-commerce platforms in the country. As of the past 12 months of April this year, Meituan has completed more than 6.9 billion transactions on the platform, and the transaction amount has reached RMB 411.0 billion. It provides 340 million annual trading users and 4.7 million annual active merchants in more than 2,800 counties and cities nationwide. The service.
Meituan commented CFO Chen Shaohui introduced that the largest business of Meituan commented that the food and beverage take-out business accounted for 60% of the revenue, with an annual growth of more than 100%, and the store and hotel business accounted for 30% of the revenue, and finally the third. The new business is centered around catering, and the whole industry chain is related to the food industry. This part of the business will represent the future growth potential.
In the questioning session, Chen Shaohui responded to the fact that when Meituan turned losses into profit, it mentioned that Meituan's liquidity rate continued to improve and there will be a better profitability in the future. When it comes to Mobai's withdrawal from Manchester, Wang Huiwen, co-founder and senior vice president of the Meituan Review, will continue to evaluate the synergy between business opportunities and big strategy. The acquisition of Mobai has greater synergy with the entire platform because Cycling is the Volkswagen just need high frequency service.
Previously, the Meituan had updated the prospectus and added the latest data as of April 30, 2018. As of the first four months of 2018, Meituan achieved operating income of 15.824 billion yuan, exceeding the annual operating income of 13 billion yuan in 2016, close to half of the annual operating income of 33.9 billion yuan in 2017. This figure is nearly double the revenue of 8.119 billion yuan in the first four months of 2017.
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