|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||16.28 - 16.50|
|52-week range||13.76 - 26.44|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||271.33|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
One of these lesser-known but very well-established Chinese companies is Meituan (OTC: MPNGF). Meituan is one of the largest platforms in China that most investors are unaware of. Via its mobile app, Meituan facilitated transactions for 678 million consumers in 2022 in services such as food ordering and delivery, hotel and travel booking, and online ticketing.
Through the smart contract, users can win part of a daily prize of $1,312 for using the digital yuan.
Semafor Editor-at-Large Steve Clemons joins Yahoo Finance Live to weigh in on Chinese markets and what Xi Jinping's third term in office means for U.S.-China relations.
China's Tencent Holdings plans to sell all or a bulk of its $24 billion stake in food delivery firm Meituan to placate domestic regulators and monetise an eight-year-old investment, four sources with knowledge of the matter said. Tencent, which owns 17% of Meituan, has been engaging with financial advisers in recent months to work out how to execute a potentially large sale of its Meituan stake, said three of the sources. The planned sale comes against the backdrop of China's sweeping regulatory crackdown since late 2020 on technology heavyweights that took aim at their empire building via stake acquisitions and domestic concentration of market power.
Yahoo Finance's Emily McCormick joins the Live show to break down how stocks are moving after China eases its COVID-19 restrictions.
Yahoo Finance’s Emily McCormick joins the Live show to break down how markets opened on Friday.