Side by sideAlibaba (9988.HK) and Meituan (3690.HK)Memos of October 12, 2026 and October 15, 2026
Alibaba vs Meituan stock: the numbers side by side (October 2026)
How do Alibaba and Meituan compare?
| Alibaba 9988.HK | Meituan 3690.HK | |
|---|---|---|
| Operating margin | 4.9%Mar 2026 | -6.9%2025 |
| Free cash flow | -50,724RMB millions · Mar 2026 | -31,701.735RMB millions · 2025 |
| Free cash flow yield | -2.8%Today (Oct 12, 2026) | -8.0%Today (Oct 15, 2026) |
| Dividend yield | 1.0%Today (Oct 12, 2026) | 0.0%Today (Oct 15, 2026) |
| P/E, last 12 months | 25.70xToday (Oct 12, 2026) | not meaningfulToday (Oct 15, 2026) |
| P/E, next 12 months | 12.07xToday (Oct 12, 2026) | 16.9xToday (Oct 15, 2026) |
| Weighted price forecast, about 1 year | 98.99 (-8 %)October 2027 | 86.09 (+14 %)October 2027 |
| Weighted price forecast, about 3 years | 146.52 (+38 %)October 2029 | 106.34 (+41 %)October 2029 |
Who leads on what?
| Leads | The lead is | |
|---|---|---|
| Operating margin | Alibaba | The higher figure |
| Free cash flow | Meituan | The higher figure |
| Free cash flow yield | Alibaba | The higher figure |
| Dividend yield | Alibaba | The higher figure |
| P/E, last 12 months | — | The lower figure |
| P/E, next 12 months | Alibaba | The lower figure |
| Weighted price forecast, about 1 year | Meituan | The higher weighted return |
| Weighted price forecast, about 3 years | Meituan | The higher weighted return |
What does each company do?
Alibaba connects shoppers with merchants through Taobao and Tmall, and serves businesses through cloud, AI and logistics.
Alibaba (9988.HK), from our memo of October 12, 2026 · Alibaba stock forecast
Meituan connects consumers with nearby restaurants, shops and local services.
Meituan (3690.HK), from our memo of October 15, 2026 · Meituan stock forecast
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