Meituan (3690.HK)

213.400 +8.400 (+4.10%) At close: 04:08PM HKT

Meituan

Hengjiweiye Building
Block B&C No. 4 Wang jing East Road Chaoyang District
Beijing 100102
China
86 311 8654 7100
https://about.meituan.com

Sector(s): Consumer Cyclical
Industry: Internet Retail
Full-time employees: 114,731

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Xing Wang	Co-Founder, Chairman & CEO	5.7M	N/A	1979
Mr. Rongjun Mu	Co-Founder, Senior VP & Executive Director	4.65M	N/A	1980
Mr. Tao Zhang	Co-founder	2.1M	N/A	1973
Mr. Shaohui Chen	CFO & Senior VP	N/A	N/A	1981
Mr. Chuan Zhang	Senior Vice President	N/A	N/A	1976
Ms. Yee Wa Lau	Joint Company Secretary	N/A	N/A	N/A
Ms. Sijia Xu	VP, Head of Capital Markets & Joint Company Secretary	N/A	N/A	N/A

Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in HKD.

Description

Meituan operates as a technology retail company in the People's Republic of China. It operates through Core Local Commerce and New Initiatives segments. The company offers food delivery services; and helps consumers purchase local consumer services provided by merchants in numerous in-store categories or make reservations for hotels, and attraction and transportation ticketing. It also sells goods from B2B food distribution services and Meituan grocery; and engages in various businesses, such as Meituan Select, Meituan Instashopping, ride sharing, bike-sharing and electric mopeds, power banks, and micro-credit services. In addition, it provides cloud computing services; merchant information technology and advisory services; online marketing services; and operates e-commerce service platform. The company was formerly known as Meituan Dianping and changed its name to Meituan in October 2020. Meituan was founded in 2003 and is headquartered in Beijing, China.

Corporate governance

Meituan’s ISS governance QualityScore as of 1 October 2024 is 10. The pillar scores are Audit: 1; Board: 4; Shareholder rights: 10; Compensation: 9.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.