Even Covid-time losses haven’t slowed Meituan Dianping down. Quite the opposite. On 25 May, the day after its quarterly financial results came out, the Chinese super app’s share price on the Stock Exchange of Hong Kong was up 10%. It’s only risen since. The results showed Meituan’s widen 32% year-on-year to 1.7 billion RMB (US$240…
Enter the Dragon
The Gojek-Grab SE Asia super app battle with a Meituan twist
Chinese super app Meituan Dianping turned a profit on the back of food delivery in 2019. It's also largely unaffected by Covid. Southeast Asian players Gojek and Grab could really use a favour from Meituan in their super app race. And the odds are in Gojek's favour
Despite Covid-19, Hong Kong-listed Meituan Dianping has reported promising financial results for the first quarter of 2020
Southeast Asia is a “follower market”, and Meituan would be a great model for aspiring super apps Grab and Gojek
But the cultural diversity in Southeast Asia is proving to be the main hurdle. It’s no China
The payment space is crucial to help Grab and Gojek accelerate their super app dream. Is Meituan going to be a factor?