Meituan - TechWire

Meituan

2025.05.30

19:02

The State Administration for Market Regulation conducted random inspections on the quality and safety of rice dumplings in the Dragon Boat Festival market.

Today, the reporter learned that on the eve of the Dragon Boat Festival, the State Administration for Market Regulation organized a special sampling inspection of rice dumplings, with a qualified rate of 99.78%, and the overall quality and safety status is good. The reporter learned that this special sampling inspection of rice dumplings was carried out through supermarkets, pastry shops, wholesale markets, catering businesses in major and medium-sized cities, rural areas, and urban-rural junctions, as well as online platforms such as Meituan, Tmall, and Taobao. 450 batches of rice dumplings and raw material glutinous rice were randomly sampled, involving nearly 100 brands and 195 rice dumpling production companies.

17:33

Southbound funds net bought HK$9.647 billion today, with Hang Seng Fund ranking first in net selling

Southbound funds net bought HK$9.647 billion today. Meituan-W, China Construction Bank, and Xiaomi Group-W received net purchases of HK$1.922 billion, HK$1.336 billion, and HK$636 million, respectively; Tracker Fund of Hong Kong ranked first in net selling, with an amount of HK$886 million.

17:32

Southbound funds made a large net purchase of 9.647 billion yuan today. In terms of Hong Kong Stock Connect (Shanghai), Meituan-W and China Construction Bank received net purchases of HK$1.738 billion and HK$1.336 billion respectively; Tencent Holdings ranked first in net sales, with an amount of HK$805 million; in terms of Hong Kong Stock Connect (Shenzhen), Ideal Auto-W and CSPC Pharmaceutical Group received net purchases of HK$401 million and HK$370 million respectively; Tracker Fund of Investment ranked first in net sales, with an amount of HK$886 million.

17:19

BlackRock reduces stakes in Meituan-W, ZTE and PetroChina

According to the Hong Kong Stock Exchange, BlackRock's shareholding in Meituan-W fell from 6.11% to 5.84% on May 27. BlackRock's shareholding in ZTE fell from 6.63% to 5.84% on May 27. BlackRock's shareholding in PetroChina fell from 7.04% to 6.70% on May 27. JPMorgan's shareholding in PICC P&C fell from 7.27% to 6.55% on May 26, with an average share price of HK$15.1359.

15:40

Shanghai Pudong launched the "Performance Ticket Voucher". Upload the ticket stub and you can get a discount of up to 1,000 yuan for hotels and 100 yuan for scenic spots.

Shanghai Pudong New Area launched an activity to reduce or waive hotel and sightseeing fees by uploading performance ticket stubs. On May 30, the theme activity of "Follow the Performance to Tour Pudong" was launched. Shao Shizhi, deputy director of the Publicity Department of Pudong New Area and director of the District Culture, Sports and Tourism Bureau, revealed that from May 30 to September 30, Pudong New Area will accurately issue "performance ticket stubs". During this period, after consumers purchase performance tickets during designated theater activities on designated platforms, they can upload electronic ticket stubs to Ctrip and Meituan platforms to exchange for discounts at designated hotels and scenic spots. The maximum discount for a single order of accommodation rooms is 1,000 yuan, and the maximum discount for a single ticket to a scenic spot is 100 yuan.

2025.05.29

17:37

Southbound funds made net purchases of 4.382 billion yuan today. In terms of Hong Kong Stock Connect (Shanghai), Meituan-W and ZhongAn Online received net purchases of HK$842 million and HK$620 million respectively; SMIC ranked first in net sales, with an amount of HK$481 million; in terms of Hong Kong Stock Connect (Shenzhen), Tencent Holdings and Meituan-W received net purchases of HK$252 million and HK$202 million respectively; Xiaomi Group-W ranked first in net sales, with an amount of HK$426 million.

16:11

At the close of Hong Kong stocks, the Hang Seng Index closed up 1.35%, and the Hang Seng Technology Index closed up 2.46%; online retail and bio-based concept stocks strengthened, Meituan (03690.HK) closed up 6.62%, and Innovent Biologics (02126.HK) closed up nearly 20%.

16:10

Hong Kong stocks closed: Hang Seng Index rose 1.35% Hang Seng Technology Index rose 2.46%

At the close of Hong Kong stocks, the Hang Seng Index rose 1.35%, and the Hang Seng Technology Index rose 2.46%. The Hong Kong Stock Technology ETF (159751) closed up 1.81%, and the Hang Seng Hong Kong Stock Connect ETF (159318) closed up 1.26%. ZhongAn Online rose 30%, Xiaopeng Motors and Meituan rose more than 5%, and Pop Mart rose more than 4%.

15:36

Meituan surged by more than 7%

Meituan’s share price surged by more than 7%, and its flash sale of alcohol achieved impressive results on the first day of 618.

13:20

Hong Kong stocks' online retail sector continued to rise in the afternoon, with Meituan (03690.HK) up nearly 6%, JD.com (09618.HK) up more than 3%, and Alibaba (09988.HK) up 1.47%.

12:01

Hong Kong Stocks Midday Review: Hang Seng Index rose 0.64% Hang Seng Technology Index rose 1.56%

At the close of Hong Kong stocks at noon, the Hang Seng Index rose 0.64%, and the Hang Seng Technology Index rose 1.56%. ZhongAn Online rose 25%, Xpeng Motors rose more than 6%, Meituan rose more than 5%, and Pop Mart rose more than 4%.

11:31

Meituan (03690.HK)’s gains widened to 3%.

2025.05.28

17:36

Southbound funds made a net purchase of 3.578 billion yuan today. In terms of Hong Kong Stock Connect (Shanghai), Meituan-W and China Mobile received net purchases of HK$780 million and HK$597 million respectively; Xiaomi Group-W ranked first in net sales, with an amount of HK$716 million; in terms of Hong Kong Stock Connect (Shenzhen), Meituan-W and Horizon Robotics-W received net purchases of HK$295 million and HK$182 million respectively; Hang Seng China Enterprises ranked first in net sales, with an amount of HK$430 million.

17:13

Meituan's 16-hour report on the 618 liquor flash sale: liquor sales have exceeded the total of the three days of the Dragon Boat Festival last year

At 16:00 on May 28, after the half-day sales of liquor category broke a new record, Meituan's 618 liquor flash sale ushered in the second important milestone: So far, the liquor sales have exceeded the total sales of the three days of the Dragon Boat Festival last year. After Meituan's flash sale increased its participation in 618 this year, in addition to bringing new sales to liquor, it also further strengthened the trend of "instant tipsiness" replacing "planned stockpiling" in liquor consumption. So far, Meituan's liquor sales within 16 hours have exceeded the total of the three days of the Dragon Boat Festival last year, which is 10.8 times the total of the Dragon Boat Festival last year.

2025.05.27

19:20

Meituan (03690.HK) spent HK$392 million to repurchase 3.0187 million shares on May 27.

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