Meituan - Asia Tech Wire

Meituan

2025.01.23

22:29

Meituan: Liquor sales during the New Year Festival increased by more than 110% month-on-month

On January 23, Meituan data showed that since the Laba Festival platform jointly launched the New Year Goods Festival with national chain supermarkets, convenience stores and retailers (January 7 to January 20), the sales of liquor have increased by more than 110% month-on-month before the festival, and the sales of New Year gift boxes have increased by nearly 100% month-on-month before the festival; the search volume of cherry products on the platform has increased by more than 170% month-on-month before the festival. Since the opening of the New Year Goods Festival, the sales of electric heaters, thermal underwear sets and women's down jackets on the Meituan platform have increased by more than 120% year-on-year, the sales of thermos cups have increased by 160% year-on-year, the sales of scarves and shawls have increased by 200% year-on-year, and the sales of ski suits have increased by 400% year-on-year. "Digital home appliances for the New Year" has become a popular trend this year, with mobile phone sales increasing by 110% year-on-year, electronic scale sales increasing by 150% year-on-year, humidifiers and wall-breaking machines increasing by 180% year-on-year; the sales of trendy anime figures and gift flowers increased by 170% year-on-year; the sales of early childhood educational toys increased by 110% year-on-year, and the sales of extracurricular cultural and educational books increased by 460% year-on-year. "It is expected that during the Spring Festival, consumers will have a real demand for purchasing New Year's goods, such as 'ordering takeout and delivering it within 30 minutes'. We will also continue to cooperate with physical retail merchants to issue New Year's goods consumption voucher packages, hoping to provide consumers with richer and more cost-effective products." The relevant person in charge of the Meituan platform's New Year's Goods Festival event said.

17:34

Southbound funds made a large net purchase of 5.403 billion yuan today. In terms of Hong Kong Stock Connect (Shanghai), Tracker Fund Management and China National Offshore Oil Corporation received net purchases of HK$2.062 billion and HK$214 million respectively; Hua Hong Semiconductor ranked first in net sales, with an amount of HK$88 million; in terms of Hong Kong Stock Connect (Shenzhen), Tracker Fund Management and Meituan-W received net purchases of HK$586 million and HK$254 million respectively; China National Offshore Oil Corporation ranked first in net sales, with an amount of HK$579 million.

2025.01.22

21:39

SAIC Passenger Vehicle and Meituan will carry out in-depth cooperation to explore new automobile retail models

The reporter learned from Meituan that SAIC Passenger Vehicle Company and Meituan recently officially signed a strategic cooperation agreement. The two parties will promote in-depth integration of online and offline based on the resources and advantages in their respective fields, use digitalization to enhance user service experience, and jointly create an automotive business ecosystem covering the entire life cycle.

17:33

Southbound funds net bought 4.171 billion yuan today

Southbound funds made net purchases of 4.171 billion yuan today. In terms of Hong Kong Stock Connect (Shanghai), Meituan-W and Xiaomi Group-W received net purchases of HK$236 million and HK$221 million respectively; UBTECH ranked first in net sales, with an amount of HK$24 million; in terms of Hong Kong Stock Connect (Shenzhen), SMIC and Tencent Holdings received net purchases of HK$668 million and HK$116 million respectively; Meituan-W ranked first in net sales, with an amount of HK$327 million.

17:33

2025.01.21

09:21

Hong Kong stocks opened: Hang Seng Index opened 1.02% higher, Hang Seng Technology Index opened 1.21% higher

Hong Kong stocks opened, the Hang Seng Index opened 1.02% higher, the Hang Seng Technology Index opened 1.21% higher. Country Garden rose more than 3%, and Meituan rose more than 2%.

2025.01.20

16:10

Hong Kong stocks closed: Hang Seng Index rose 1.75% Hang Seng Technology Index rose 2.59%

At the close of Hong Kong stocks, the Hang Seng Index rose 1.75%, and the Hang Seng Technology Index rose 2.59%. The pharmaceutical sector led the gains, with WuXi AppTec and JD.com rising more than 7%, Meituan and Vanke rising more than 5%, and Alibaba rising more than 4%.

12:01

Hong Kong Stocks Midday Review: Hang Seng Index rose 2.33% and Hang Seng Technology Index rose 3.17%

At the close of Hong Kong stocks at noon, the Hang Seng Index rose 2.33% and the Hang Seng Technology Index rose 3.17%. Pharmaceutical stocks led the gains, with JD.com and WuXi AppTec rising more than 7%, Alibaba and Meituan rising more than 6%, and WuXi Biologics rising more than 5%.

09:21

Hong Kong stocks opened, with the Hang Seng Index up 1.13% and the Tech Index up 1.68%. Most tech stocks opened higher, with JD.com (09618.HK) up 4.02% and Meituan (03690.HK) up 2.17%.

2025.01.17

15:54

Meituan: Online bookings for New Year’s Eve dinners increased more than 3 times, and orders for intangible cultural heritage New Year dishes increased 12 times

On January 17, Meituan released data as of January 16, showing that the number of searches related to "New Year's Eve dinner reservations" and "New Year's Eve dinner restaurant recommendations" on Meituan increased by 256% month-on-month, and the number of online reservations for New Year's Eve dinners increased by 305% year-on-year, and the demand for "intangible cultural heritage food" surged. Meituan data shows that users in Shanghai, Beijing, Hangzhou, Xi'an, and Suzhou are among the most popular in the country in searching for New Year's Eve dinner restaurants. Since January, the number of orders for "intangible cultural heritage" themed group purchase packages on Meituan has increased by more than 12 times year-on-year.

2025.01.16

17:36

Southbound funds net bought HK$6.298 billion today, with Tencent Holdings ranking first in terms of purchase amount

Southbound funds net bought HK$6.298 billion today. In terms of Hong Kong Stock Connect (Shanghai), Tencent Holdings and SMIC received net purchases of HK$1.023 billion and HK$787 million respectively; Hua Hong Semiconductor ranked first in net sales, with an amount of HK$212 million; in terms of Hong Kong Stock Connect (Shenzhen), Tencent Holdings and Meituan-W received net purchases of HK$338 million and HK$335 million respectively; Innovent Biologics ranked first in net sales, with an amount of HK$195 million.

17:34

Southbound funds made a large net purchase of 6.298 billion yuan today. In terms of Hong Kong Stock Connect (Shanghai), Tencent Holdings and SMIC received net purchases of HK$1.023 billion and HK$787 million respectively; Hua Hong Semiconductor ranked first in net sales, with an amount of HK$212 million; in terms of Hong Kong Stock Connect (Shenzhen), Tencent Holdings and Meituan-W received net purchases of HK$338 million and HK$335 million respectively; Innovent Biologics ranked first in net sales, with an amount of HK$195 million.

10:36

Hong Kong-listed technology and internet stocks strengthened, with Bilibili (09626.HK) rising more than 5%, Xiaomi Group (01810.HK) rising more than 3%, Meituan (03690.HK) rising 2.8%, and Kuaishou (01024.HK) rising 2.6%.

2025.01.15

17:34

Southbound funds made a large net purchase of 9.35 billion yuan today. In terms of Hong Kong Stock Connect (Shanghai), Tencent Holdings and SMIC received net purchases of HK$1.145 billion and HK$759 million respectively; Meituan-W ranked first in net sales, with an amount of HK$545 million; in terms of Hong Kong Stock Connect (Shenzhen), Tencent Holdings and Zijin Mining received net purchases of HK$763 million and HK$483 million respectively; China Mobile ranked first in net sales, with an amount of HK$170 million.

2025.01.14

17:36

Southbound funds made a large net purchase of HK$12.183 billion today, with Tencent Holdings ranking first in terms of purchase amount

Southbound funds made a large net purchase of HK$12.183 billion today. In terms of Hong Kong Stock Connect (Shanghai), Tencent Holdings and SMIC received net purchases of HK$2.027 billion and HK$1.042 billion respectively; Meituan-W ranked first in net sales, with an amount of HK$259 million; in terms of Hong Kong Stock Connect (Shenzhen), Tencent Holdings and Meituan-W received net purchases of HK$1.126 billion and HK$718 million respectively; China Mobile ranked first in net sales, with an amount of HK$446 million.

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