Meituan Dianping: Can Its Share Price Continue to Rally?
Meituan Dianping (SEHK: 3690) is the operator of a Chinese "super app" accessible via mobile and WeChat. It made its maiden stock debut in Hong Kong last September.
Although it started off as a group-buying site similar to America's Groupon, Meituan has successfully transformed itself into a super app that offers its users access to everything from food delivery to group buying to hotel services. The company has grown fast due to relentless innovation and a willingness to spend billions to acquire market share through subsidies.
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Source Fool.com
