Meituan - TechWire

Meituan

2025.04.16

16:10

Hong Kong stocks closed: Hang Seng Index fell 1.91% Hang Seng Technology Index fell 3.72%

At the close of Hong Kong stocks, the Hang Seng Index fell 1.91% and the Hang Seng Technology Index fell 3.72%. The Hong Kong Stock Technology ETF (159751) closed down 3.03%, and the Hang Seng Hong Kong Stock Connect ETF (159318) closed down 1.52%. Chifeng Gold rose 21%, Meituan fell more than 8%, Xpeng Motors fell more than 6%, Xiaomi Group and Alibaba fell more than 4%.

14:18

Hong Kong tech stocks fell, Meituan and Xpeng Motors fell more than 7%

Hong Kong-listed technology and internet stocks fell, with Meituan and Xpeng Motors falling more than 7%, JD.com, Xiaomi Group, and Kuaishou falling more than 5%, and Tencent Holdings, Alibaba, and others following suit.

12:01

Hong Kong Stocks Midday Review: Hang Seng Index fell 2.54% Hang Seng Technology Index fell 4.53%

At the close of Hong Kong stocks at noon, the Hang Seng Index fell 2.54%, and the Hang Seng Technology Index fell 4.53%. Chifeng Gold rose more than 9%, Xiaopeng Motors and Meituan fell more than 7%, and JD.com and Xiaomi Group fell more than 5%.

11:05

Hang Seng Tech Index falls 4%

The Hang Seng Technology Index fell 4%, and the Hang Seng Index fell 2.11%. Meituan and Xpeng Motors fell more than 7%.

10:43

The Hang Seng Index's decline widened to 2%, with Meituan (03690.HK) falling more than 7%, leading the decline in constituent stocks. The Hang Seng Tech Index is now down 3.69%.

09:56

Hang Seng Tech Index fell 3% in early trading

The Hang Seng Technology Index widened its losses to 3% in early trading, Meituan fell more than 6%, and Xpeng Motors fell nearly 5%.

09:55

The Hang Seng Technology Index widened its losses to 3% in early trading, with constituent stocks Meituan (03690.HK) falling more than 6% and Xpeng Motors (09868.HK) falling nearly 5%.

09:41

The Hang Seng Index fell more than 1% in early trading, with Meituan (03690.HK) and Kuaishou (01024.HK) leading the decline in constituent stocks. The Hang Seng Technology Index widened its losses to 2.5%.

09:25

Most of the Hong Kong tech stocks opened lower, with Alibaba (09988.HK) opening down 2.64%, Meituan (03690.HK) opening down 2.52%, Kuaishou (01024.HK), Tencent Holdings (00700.HK) and others following suit.

2025.04.15

17:46

Southbound funds net bought about HK$7.2 billion today, with Tencent Holdings leading the net purchase

Southbound funds net bought HK$7.203 billion today. Among them, Tencent Holdings and Meituan-W received net purchases of approximately HK$748 million and HK$524 million respectively; SMIC and Xiaomi Group-W were net sold for approximately HK$792 million and HK$528 million respectively.

10:29

The “Meituan Flash Purchase” brand was officially launched

Meituan officially launched the instant retail brand "Meituan Flash Purchase" for consumers nationwide. The brand is positioned as a "new generation shopping platform that accompanies consumers 24 hours a day". It will serve the daily shopping needs of 1 billion consumers nationwide by uniting retailers, brand owners and local small and medium-sized businesses in nearly 3,000 counties, cities and districts nationwide, with the goal of creating a shopping experience of "flash purchase, and get the goods in 30 minutes". Meituan said that starting today, consumers nationwide can enter the "Flash Purchase" on the homepage of the Meituan App to purchase vegetables and fruits, wine and beverages, snacks, digital home appliances, beauty and skin care, trendy toys, sports goods, flowers and plants, maternal and child products, pet supplies and other daily necessities, and the orders will be delivered in an average of 30 minutes after placing them.

2025.04.14

22:23

Meituan Waimai plans to invest 100 billion yuan in the catering industry in three years

On April 14, Xue Bing, general manager of Meituan Waimai, announced at the 2025 China Catering Chain Summit that in the next three years, Meituan Waimai will invest 100 billion yuan in the catering industry as a whole to help merchants subsidize consumers to activate demand, issue subsidies to help merchants increase revenue, support and reward excellent quality merchants, and promote open kitchens to cover 100,000 stores and strengthen industry infrastructure.

09:23

Hong Kong tech and internet stocks opened higher collectively, with Alibaba (09988.HK) opening up more than 4%, Bilibili (09626.HK) opening up more than 2%, Xiaomi Group (01810.HK), Meituan (03690.HK), Tencent Holdings (00700.HK) and others following suit.

2025.04.13

20:26

Meituan: Omnichannel support for foreign trade enterprises to expand into the domestic market

Recently, Meituan officially announced that it will actively support foreign trade companies to continuously innovate sales models, develop products that are more suitable for domestic consumers, help more foreign trade products to develop domestic sales brands, and put forward five specific measures.

14:22

Meituan, Wumart, Dingdong Maicai, Dongfang Zhenxuan, Mingminghenmang and others have introduced support plans for foreign trade to domestic sales

In order to cope with the impact of the US tariff adjustment, Meituan, Wumart, Dingdong Maicai, Dongfang Zhenxuan, Mingming Henmang, Jiaoge Pengyou and other companies recently introduced special support plans. Among them, Meituan has opened green channels in "merchant entry, business support, and brand building"; Wumart will create a "Cloud Super Green Pass" diversion channel; Dingdong Maicai will release a number of procurement needs such as product packaging and warehousing equipment; Dongfang Zhenxuan launched a special action for "foreign trade quality products entry"; Mingming Henmang set up a "special docking channel".

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