Meituan - TechWire

Meituan

        2025.07.16
    
21:16

                            Meituan Wang Fuzhong: Liu Qiangdong said before that he only wanted to make 5% from food delivery. Brother, no one has ever made 5%
                        
                            Today, according to LatePost, Wang Puchong, CEO of Meituan's core local business segment, was asked whether the profit margin of Meituan's food delivery has become higher this year compared with previous years. He said that it is definitely not now. Last year, it was around 4%, with little fluctuation. Our total profit growth came more from the growth of scale. We did not pursue profit margins because the profitability of this industry is very thin. Wang Puchong mentioned that the thin profit of the food delivery model is reflected in the low profit of each order, which is just over one yuan. This cup of coffee will be gone once it is added in. Therefore, the interests of the several parties on the food delivery network - merchants, riders, platforms, and users, the four parties need to find a clever balance point so that everyone can satisfy each other, but it is very difficult to satisfy the four parties. Why do I repeatedly say that this industry is exquisite and thin, and this business model cannot be done in an overly idealistic or too simple and crude way. "Liu Qiangdong said before that they only wanted to make 5% from food delivery. Brother, no one has ever made 5% from food delivery. Zhang Xuhao said publicly when he sold Ele.me to Alibaba in 2018 that the food delivery model would never make money, so I sold it," he said.
                        
20:43

                            Meituan's Wang Puchong talks about Taobao's 50 billion subsidies for flash sales: We didn't spend 800 million, and the actual investment is far less than Alibaba
                        
                            Today, Wang Puchong, CEO of Meituan's core local business unit, talked about the impact of Taobao's recent 50 billion yuan subsidy on Meituan, saying that this is definitely an irrational competition. Irrational means that they think that 50 billion yuan will scare us and bet that we can't keep up. After all, the top companies in the e-commerce industry have a lot of profits. What's more, they set a radical goal - hoping to surpass us in terms of order volume. But they will soon find that not only can we keep up, but we are also using far fewer resources than them to keep up. He mentioned, "We didn't spend 800 million yuan, and our actual investment is far less than Alibaba."
                        
17:33

                            Southbound funds made net purchases of 1.603 billion yuan today. In terms of Hong Kong Stock Connect (Shanghai), China Construction Bank and Meituan-W received net purchases of HK$759 million and HK$498 million respectively; Alibaba-W ranked first in net sales, with an amount of HK$343 million; in terms of Hong Kong Stock Connect (Shenzhen), Meituan-W and Alibaba-W received net purchases of HK$359 million and HK$314 million respectively; Tencent Holdings ranked first in net sales, with an amount of HK$1.464 billion.
                        
14:48

                            Huang Renxun mentioned 11 Chinese companies in his Chinese speech
                        
                            On July 16, Nvidia founder and CEO Huang Renxun appeared at the opening ceremony of the Chain Expo. In his speech, he mentioned Chinese companies such as Tencent, NetEase, Mihoyo, Game Science, ByteDance, DeepSeek, Alibaba, Meituan, MiniMax, Baidu, and Xiaomi. He said that China's super-fast innovation capabilities were created by researchers and entrepreneurs, and the sharing of models such as DeepSeek, Tencent, Alibaba, MiniMax, and Baidu has promoted the development and progress of global artificial intelligence.
                        
        2025.07.15
    
17:35

                            Southbound funds net bought HK$3.824 billion today, with Meituan ranking first in net buying
                        
                            Southbound funds net bought HK$3.824 billion today. In terms of Hong Kong Stock Connect (Shanghai), Tencent Holdings and Meituan-W received net purchases of HK$131 million and HK$84 million respectively; SMIC ranked first in net sales, with an amount of HK$509 million; in terms of Hong Kong Stock Connect (Shenzhen), Meituan-W and Alibaba-W received net purchases of HK$562 million and HK$475 million respectively; Tencent Holdings ranked first in net sales, with an amount of HK$962 million.
                        
17:33

                            Southbound funds made net purchases of 3.824 billion yuan today. In terms of Hong Kong Stock Connect (Shanghai), Tencent Holdings and Meituan-W received net purchases of HK$131 million and HK$84 million respectively; SMIC ranked first in net sales, with an amount of HK$509 million; in terms of Hong Kong Stock Connect (Shenzhen), Meituan-W and Alibaba-W received net purchases of HK$562 million and HK$475 million respectively; Tencent Holdings ranked first in net sales, with an amount of HK$962 million.
                        
16:11

                            Hong Kong stocks closed: Hang Seng Index rose 1.60% and Alibaba surged nearly 7%
                        
                            At the close of Hong Kong stocks, the Hang Seng Index rose 1.60%, and the Hang Seng Technology Index rose 2.80%. The Hong Kong Stock Technology ETF (159751) rose 1.93%, and the Hang Seng Hong Kong Stock Connect ETF (159318) rose 0.91%. Alibaba rose nearly 7%, Bilibili rose more than 7%, and Meituan and Kuaishou rose more than 4%.
                        
16:11

                            At the close of Hong Kong stocks, the Hang Seng Index closed up 1.6%, and the Tech Index closed up 2.8%; Yunfeng Financial (00376.HK) rose more than 19.5%, CSPC Pharmaceutical Group (01093.HK) rose more than 7.6%, Alibaba (09988.HK) rose more than 7%, Meituan (03690.HK) and Kuaishou (01024.HK) both rose more than 4%, and Tencent Holdings (00700.HK) rose more than 3.6%.
                        
15:36

                            Hong Kong tech and internet stocks continued to be strong in the afternoon, with Bilibili (09626.HK) up more than 7%, Alibaba (09988.HK) up more than 6.8%, Tencent Music (01698.HK) up more than 5%, Meituan (03690.HK) and Kuaishou (01024.HK) both up nearly 4%, Tencent Holdings (00700.HK), JD Health (06618.HK) and Baidu (09888.HK) all up more than 3%.
                        
14:17

                            Hong Kong tech and internet stocks strengthened in the afternoon. Alibaba (09988.HK), Tencent Music (01698.HK), and Bilibili (09626.HK) all rose by more than 5%. Meituan (03690.HK) rose by more than 3%. JD Health (06618.HK), Kuaishou (01024.HK), NetEase (09999.HK), Baidu (09888.HK) and many other stocks all rose by more than 2%.
                        
14:00

                            Zunyi Catering Chamber of Commerce calls on Meituan and Taobao to stop "anti-involution" subsidies
                        
                            On the 15th, the Honghuagang District Catering Industry Chamber of Commerce in Zunyi City issued the "Proposal on Calling on Takeaway Platforms to Stop "Involutionary" Subsidies and Unfair Competition". The proposal stated that the extreme subsidies recently launched by Meituan and Taobao Flash Purchase (Ele.me) such as "0 yuan purchase" and "18 yuan off for purchases over 18 yuan" have provoked vicious price wars below cost prices in order to compete for the takeaway market share, which has caused chaos in the market operation order and serious imbalance in the industry ecology, causing a large number of catering companies in the district to fall into a vicious cycle of "no traffic if not participating, and price cuts and losses if participating", and a large number of physical stores that rely on dine-in restaurants have suffered serious shocks and are suffering. The proposal puts forward three proposals: first, stop irrational subsidies and return to value competition; second, protect the legitimate rights and interests of merchants; and third, jointly build a sustainable development ecology.
                        
10:00

                            The Hang Seng Tech Index rose more than 2% during the day, Bilibili (09626.HK) rose more than 7%, Tencent Music (01698.HK) rose more than 5.5%, Meituan (03690.HK), Kuaishou (01024.HK), Haier Smart Home (06690.HK), and Li Auto (02015.HK) all rose more than 3%.
                        
        2025.07.14
    
21:55

                            Jack Ma requires Taobao flash sales to stabilize at 80 million orders
                        
                            It is understood that Taobao's flash sales plan follows a Tic-Toc rhythm, with a new high on one Saturday and the next Saturday maintaining the level of the previous week, and so on, until the beginning of autumn on August 7, when 100 million orders are hit. At the beginning of autumn last year, Meituan launched the "First Cup of Milk Tea in Autumn" event, reaching 90 million orders in a single day, more than half of which were tea and coffee. But some Alibaba employees also said that the industry is changing too fast, and the subsidy frequency is currently adjusted in real time on a weekly basis. Founder Jack Ma asked Taobao's flash sales to "stabilize at 80 million orders" last Saturday and Sunday, first improving capabilities and consolidating the foundation before rushing up. An Alibaba employee told LatePost, "I'm afraid that if we rush too fast, other capabilities won't keep up, and it will be counterproductive, and the original good basic base will be gone."
                        
17:52

                            Southbound funds made a large net purchase of 8.243 billion yuan today. In terms of Hong Kong Stock Connect (Shanghai), Meituan-W and Alibaba-W received net purchases of HK$783 million and HK$223 million respectively; Jiankanglu ranked first in net sales, with an amount of HK$67 million; in terms of Hong Kong Stock Connect (Shenzhen), Alibaba-W and Meituan-W received net purchases of HK$636 million and HK$440 million respectively; Laopu Gold ranked first in net sales, with an amount of HK$365 million.
                        
16:14

                            Meituan Pinhaofan's daily orders exceed 35 million, and KFC and McDonald's are in talks to join
                        
                            Recently, Meituan Pinhaofan’s daily order volume has exceeded 35 million, and many leading fast food brands such as KFC and McDonald’s are in talks to join.

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