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1.81000 EUR
0.04
2.16%
Last update Apr 14, 8:25 AM CEST
Market closed
Day range
1.81000
1.81000
Previous close
1.85000
Open
1.81000
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Meituan Depositary Receipt
1.81
0.04
2.16%

Overview

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Description

Meituan Depositary Receipt is a financial instrument that represents shares of Meituan, a leading Chinese technology company specializing in e-commerce and on-demand services. The primary purpose of this depositary receipt is to provide international investors with indirect access to Meituan's equity, allowing them to trade and invest in the company outside of its home market. Meituan operates a web-based platform that connects consumers with a diverse range of local services, including food delivery, entertainment, dining, and retail offerings, making it a crucial player within the digital consumer sector in China. By facilitating seamless shopping experiences and offering 'deal of the day' vouchers, Meituan has transformed how consumers and local businesses interact across urban and rural regions. The depositary receipt format greatly enhances the stock’s accessibility and liquidity for global investors, for whom direct purchase of domestic Chinese shares can be restrictive. As such, the Meituan Depositary Receipt plays a significant role in increasing the international financing potential and investor base for Meituan, while contributing to the integration of Chinese technology enterprises into global financial markets.

About

CEO
Mr. Xing Wang
Employees
108900
Address
Hengjiweiye Building
Block B&C No. 4 Wang jing East Road Chaoyang District
Beijing, 100102
Phone
86 1010 7888
Website
Instrument type
Depositary receipt
Sector
Industry
Country
Germany
MIC code
XFRA
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