Meituan - Asia Tech Wire

Meituan

2024.12.27

17:49

Meituan: We will establish an algorithm disclosure mechanism and gradually cancel the overtime deductions for riders by the end of next year

Meituan said it would promote the normalization of algorithm disclosure. Based on the previous seven algorithm disclosures, Meituan will set up an algorithm disclosure area to continuously communicate with all parties on the basic principles and operating mechanisms of the algorithm, increase the transparency of the algorithm, and promote a fairer and more humane algorithm. Meituan will gradually cancel the overtime deductions for riders by the end of 2025, and promote the transition from negative penalties to positive incentives.

17:37

SMIC, Xiaomi Group and others received increased holdings

Southbound funds net bought HK$8.493 billion today. Among them, SMIC, Lenovo Group, and Xiaomi Group-W ranked the top three in net buying, with net purchases of HK$1.389 billion, HK$782 million, and HK$755 million, respectively. In terms of net selling, Meituan-W, Tencent Holdings, and Alibaba-W were net sold for HK$457 million, HK$389 million, and HK$180 million, respectively.

17:31

Southbound funds made a large net purchase of 8.493 billion yuan today. In terms of Hong Kong Stock Connect (Shanghai), Xiaomi Group-W and Industrial and Commercial Bank of China received net purchases of HK$611 million and HK$440 million respectively; Tencent Holdings ranked first in net sales, with an amount of HK$370 million; in terms of Hong Kong Stock Connect (Shenzhen), SMIC and Lenovo Group received net purchases of HK$1.55 billion and HK$782 million respectively; Meituan-W ranked first in net sales, with an amount of HK$461 million.

11:34

Meituan: Search popularity for night skiing at ski resorts increased 65% year-on-year in December

Data released by Meituan Travel shows that since December, the search popularity for night skating in snow resorts has increased by 65% year-on-year. The top five search cities are Beijing, Urumqi, Zhangjiakou, Jilin and Harbin, among which young consumers aged 25 to 30 have the highest search popularity. . The craze for night skiing in ski resorts has also driven up local nighttime consumption. Meituan Travel data shows that nighttime consumption of hot springs, snowsuit rentals, farmhouses, 24-hour convenience stores/supermarkets, bathing and foot massages around Beijing’s ski resorts saw significant growth in December. Take Beijing Nanshan Ski Resort as an example. The ski resort’s night ski tickets on the Meituan App show that 44,000 night ski tickets have been sold. Since December, the number of local life service consumption orders at night in the Nanshan Ski Resort business district has increased by nearly 14% month-on-month. times.

10:27

Mao Yinian, Vice President of Meituan: Meituan has invested in several robot companies including Yushu and Galaxy General

Today, at the 2024 Meituan Robotics Research Institute Academic Annual Meeting, Mao Nianyi, Vice President of Meituan and Chairman of the Meituan Robotics Research Institute, stated that Meituan is actively investing in innovative robotics companies and has currently invested in robotics companies such as Libiao Robotics, Future Robotics, Jiushi Intelligence, Feixi Robotics, Galaxy General Robotics, and Yushu Technology.

10:24

Meituan Vice President Mao Yinian: Meituan has obtained Dubai drone delivery commercial operation qualification

Today, at the 2024 Meituan Robotics Research Institute Academic Annual Meeting, Mao Yinian, Vice President of Meituan and Chairman of Meituan Robotics Research Institute, said that recently, Meituan's drone business department obtained the first drone delivery license overseas for the first time, in Dubai, marking that Meituan's drones are truly moving towards global operations. He said that Meituan's drones have opened 53 routes and completed more than 400,000 orders, playing a role in scenarios such as instant retail and medical delivery.

2024.12.25

17:15

Simei's rival "Telpotide" was launched on Meituan, and the number of reservations increased by more than three times compared with the previous day

After semaglutide, the new star drug for weight loss, "Mounjaro", was officially launched in China. On the evening of December 23, the media found that the first GLP-1 dual-target drug Mounjaro had been launched for a limited time on Meituan. People close to Meituan revealed that it was sold out in 3 seconds on the first night, and the number of reservations increased by more than three times on a daily basis. Currently, supply is gradually catching up with demand, and it can be purchased all day from December 25. The merchant's customer service said that the demand for Mounjaro is currently hot, and they will continue to stock up to meet demand. It is reported that the supply may enter a stable state from January to February.

2024.12.24

17:33

Southbound funds made a large net purchase of 5.227 billion yuan today. In terms of Hong Kong Stock Connect (Shanghai), Industrial and Commercial Bank of China and China Construction Bank received net purchases of HK$745 million and HK$247 million respectively; Meituan-W ranked first in net sales, with an amount of HK$310 million; in terms of Hong Kong Stock Connect (Shenzhen), Xiaomi Group-W and Alibaba-W received net purchases of HK$338 million and HK$196 million respectively; Meituan-W ranked first in net sales, with an amount of HK$329 million.

2024.12.23

17:59

Meituan’s WeChat group buying business “Tuanmaimai” announced that it will stop operating at the end of the year

Meituan’s WeChat community group buying business “Tuanmaimai” issued an announcement stating that due to platform business adjustments, “Tuanmaimai” will cease operations from 24:00 on December 31, 2024.

17:39

Tuanmaimai, the WeChat community group buying business under Meituan (03690.HK), issued an announcement stating that due to platform business adjustments, Tuanmaimai will cease operations from 24:00 on December 31, 2024.

17:34

Southbound funds made a net purchase of 2.65 billion yuan today. In terms of Hong Kong Stock Connect (Shanghai), Industrial and Commercial Bank of China and China Construction Bank received net purchases of HK$1.246 billion and HK$507 million respectively; Meituan-W ranked first in net sales, with an amount of HK$805 million; in terms of Hong Kong Stock Connect (Shenzhen), SMIC and Tencent Holdings received net purchases of HK$515 million and HK$119 million respectively; Kuaishou-W ranked first in net sales, with an amount of HK$428 million.

17:33

Southbound funds net bought 2.65 billion yuan today

2024.12.21

09:59

Meituan’s new anti-fatigue policy is being piloted in Jiangsu, Zhejiang, Shanghai and Fujian: employees who spend more than 12 hours a day on orders are forced to leave the site

Based on the anti-fatigue pilot projects in Sichuan, Guangxi, Zhejiang and other regions, Meituan launched a new round of pilot projects in the East China region starting in November this year. Compared with the previous ones, this pilot added a new strategy of "receiving reminders if the order is taken for more than 8 hours, and being forced to go offline if the order is taken for 12 hours". This round of pilot projects started in Huzhou and Lishui, Zhejiang on November 12, and covered Zhejiang on December 10, and further covered the four provinces and cities in East China (Jiangsu, Zhejiang, Shanghai and Fujian) on December 17. During the pilot period, the average daily running time of normal riders in the four provinces and cities was 5-6 hours. Only 0.18% of riders triggered the rest clause by running orders continuously, which is a very small number of extreme cases.

2024.12.20

09:26

Most of the Hong Kong tech stocks opened lower, with Baidu (09888.HK) opening down 1.72%, Alibaba (09988.HK) opening down 1.39%, Tencent Holdings (00700.HK), Meituan (03690.HK) and others opening slightly lower.

2024.12.18

17:31

Southbound funds made net purchases of 2.07 billion yuan today. In terms of Hong Kong Stock Connect (Shanghai), China Construction Bank and China Mobile received net purchases of HK$388 million and HK$255 million respectively; Tencent Holdings ranked first in net sales, with an amount of HK$263 million; in terms of Hong Kong Stock Connect (Shenzhen), China Mobile and Tencent Holdings received net purchases of HK$330 million and HK$75 million respectively; Meituan-W ranked first in net sales, with an amount of HK$349 million.

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