In February 2021, the valuation of Chinese concept stocks rushed to the peak as a whole, and Meituan's market capitalization was about four NetEase. However, two years and ten months later, NetEase overtook Meituan to become China's fourth-largest Internet company by market capitalization. This important milestone means that NetEase's influence in the Internet industry has been further enhanced, and it also reflects the market's high recognition of its sustainable development.
One of the reasons NetEase has surpassed Meituan is that it has fallen less. As of December 13, NetEase's market capitalization was HK$542.5 billion, down only 21% from the peak of its market value in 2021. Meituan, on the other hand, fell by more than 80% in the same period, nearly 500 points more than the Chinese concept stock index kweb. This comparison shows that NetEase has performed relatively well in the process of market capitalization**, while Meituan has seen a large decline.
This phenomenon reflects the market's different perceptions and expectations of different companies. In the Internet industry, competition is fierce, and companies need to constantly innovate and adapt to market needs to remain competitive. NetEase, on the other hand, has been performing well in the past few years, with its business lines such as gaming, e-commerce, and education all maintaining steady growth. In addition, NetEase has also actively deployed new business areas, such as cloud computing and artificial intelligence, to further expand its business scope and market influence.
In contrast, Meituan has also made some achievements in recent years, but at the same time, it also faces some challenges and problems. For example, Meituan's food delivery market is highly competitive and requires continuous investment of money and resources to stay ahead of the curveAt the same time, Meituan is also trying to expand into other business areas, but has not yet achieved significant results. In addition, Meituan is also facing regulatory pressures and policy risks.
In short, NetEase's important milestone of surpassing Meituan reflects the market's high recognition of its continued development. NetEase has been doing well over the past few years, and its business scope and market influence have continued to expand. Meituan, on the other hand, needs to continue to work hard to address challenges and issues in order to remain competitive and achieve sustainable development.