Previous close | 30.45 |
Open | 29.40 |
Bid | N/A x N/A |
Ask | N/A x N/A |
Day's range | 29.38 - 29.90 |
52-week range | 27.48 - 49.84 |
Volume | |
Avg. volume | 141,298 |
Market cap | 92.273B |
Beta (5Y monthly) | 0.95 |
PE ratio (TTM) | 89.48 |
EPS (TTM) | 0.33 |
Earnings date | N/A |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | N/A |
China's major tech companies have shed more than $1 trillion in value -equivalent to the entire Dutch economy - since the government's regulatory crackdown on the sector began more than two years ago, according to Refinitiv data. Investors are now hoping the strict rules that have stymied growth since late 2020 will start to ease, after the People's Bank of China (PBOC) indicated a change in direction could be under way. The state planner on Wednesday praised Tencent Holdings, the world's largest video game company, and e-commerce titan Alibaba Group, for their contributions to China's tech innovation, in another sign that authorities are warming to the technology sector once more.
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.