Meituan Dianping - Class B (3690)

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Meituan Dianping - Class B (3690) Profile

Meituan Dianping - Class B (3690.xhkg) is a Chinese e-commerce company focusing on lifestyle services such as entertainment, dining, food delivery, travel, and other services. MEITUAN is headquartered in Beijing, China, and is currently facilitating on its app 569 million merchants and consumers. Meituan Dianping - Class B (3690.xhkg) is traded on the Hong Kong Stock Exchange (SEHK) and its market cap is currently $226.489B (HKD). In April 2021, Meituan raised $9.98B (USD) by selling $10B (USD) in underlying assets. The purpose was to expand into China's groceries space as well as to develop autonomous technologies in the drone and delivery space. This move resulted in having the State Administration of Market Regulation (SAMR) announcing an investigation into Meituan for alleged anticompetitive practices that led to the loss of $40B (USD) for the Chinese e-commerce giant.

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Meituan Dianping - Class B (3690) Trading FAQ

Shares represent units of ownership within a company. Shares are also known as stocks or equities. Dividend payments are common with some companies, a method of sharing company profits with shareholders. In addition to traditional share dealing, however, traders can access derivatives: trading instruments derived from the movement of an underlying share price.

Individual stock CFDs (contract for differences) fall under the umbrella of derivative products, an effective low-cost trading vehicle. While CFDs do not grant shareholder privileges, active CFD positions may receive a dividend if executed before the ex-dividend date.

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