Meituan - Asia Tech Wire

Meituan

        2025.03.07
    
17:48

                            Southbound funds net bought more than HK$12.1 billion today, with Alibaba leading the net buying
                        
                            Southbound funds net bought HK$12.113 billion. Among them, Alibaba-W, Tracker Fund Management, and Meituan-W received net purchases of approximately HK$3.581 billion, HK$1.714 billion, and HK$1.062 billion respectively; SMIC was net sold for approximately HK$478 million.
                        
17:33

                            Southbound funds made a large net purchase of 12.113 billion yuan today. In terms of Hong Kong Stock Connect (Shanghai), Alibaba-W and Tracker Fund received net purchases of HK$1.861 billion and HK$1.714 billion respectively; SMIC ranked first in net sales, with an amount of HK$199 million; in terms of Hong Kong Stock Connect (Shenzhen), Alibaba-W and Meituan-W received net purchases of HK$1.719 billion and HK$1.137 billion respectively; SMIC ranked first in net sales, with an amount of HK$279 million.
                        
10:47

                            Hong Kong stocks opened low and ended high, with the Hang Seng Index turning positive. The Hang Seng Technology Index expanded its gains to 0.6%, after having fallen nearly 2% earlier. Technology and internet stocks and auto stocks rebounded, with Kuaishou (01024.HK) and Xpeng Motors (09868.HK) rising 5.4%, Bilibili (09626.HK) rising more than 3%, and Meituan (03690.HK) rising 1.55%.
                        
10:40

                            Hong Kong-listed technology and internet stocks partially rebounded, with Kuaishou (01024.HK) rising more than 5%, Kingdee International (00268.HK) rising 3.3%, Bilibili (09626.HK) rising 2.8%, and Meituan (03690.HK) rising more than 1%.
                        
        2025.03.05
    
18:46

                            As JD.com and Meituan compete for food delivery business, Douyin updates its subsidy policy
                        
                            Douyin Life Service announced a series of support plans for small and medium-sized businesses, including resource subsidies, commission reductions, free training and other policies. The last small-scale "battle" in the local life sector just happened in February, when JD Takeout was officially launched, announcing that merchants who settled in before May 1, 2025 will enjoy a year-round commission-free policy. The outside world characterized this move as an erosion of Meituan's "territory".
                        
17:32

                            Southbound funds made a large net purchase of 8.369 billion yuan today. In terms of Hong Kong Stock Connect (Shanghai), Alibaba-W and China Mobile received net purchases of HK$1.564 billion and HK$683 million respectively; Meituan-W ranked first in net sales, with an amount of HK$230 million; in terms of Hong Kong Stock Connect (Shenzhen), Alibaba-W and BYD Co., Ltd. received net purchases of HK$1.326 billion and HK$544 million respectively; Ideal Auto-W ranked first in net sales, with an amount of HK$193 million.
                        
16:15

                            Hong Kong stocks review: The tech index closed up 4%; tech and chip stocks were strong throughout the day
                        
                            Hong Kong stocks fell after rising in the morning today, and continued to rise in the afternoon. The Hang Seng Index closed up 2.84% at 23,594.21 points. The Hang Seng Technology Index closed up 4.02% at 5,757.94 points. As of today's close, the Hang Seng Index's market turnover was HK$258.689 billion. On the market, in terms of individual stocks, Cheung Kong Holdings (00001.HK) rose nearly 22%, Laopu Gold (06181.HK) and Chow Tai Fook (01929.HK) rose more than 11%, Tongcheng Travel (00780.HK) rose more than 10%, Hua Hong Semiconductor (01347.HK), JD Health (06618.HK), Xiaomi Group (01810.HK) rose more than 7%, SMIC (00981.HK) rose 6.6%, and Meituan (03690.HK) rose 6.4%.
                        
16:10

                            At the close of Hong Kong stocks, the Hang Seng Index closed up 2.84%, the Tech Index closed up 4.02%, chip stocks, jewelry stocks, and technology stocks rose. Chow Tai Fook (01929.HK) rose more than 11%, Meituan (03690.HK) rose 6.4%, and SMIC (00981.HK) rose 6.6%.
                        
16:09

                            Hong Kong stocks closed: Hang Seng Index closed up 2.84% Hang Seng Technology Index closed up 4.02%
                        
                            At the close of Hong Kong stocks, the Hang Seng Index closed up 2.84%, and the Hang Seng Technology Index closed up 4.02%. The Hong Kong Stock Technology ETF (159751) closed up 2.81%, and the Hang Seng Hong Kong Stock Connect ETF (159318) closed up 2.11%. Semiconductor and technology stocks led the gains, with Xiaomi Group and Hua Hong Semiconductor rising more than 7%, and SMIC and Meituan rising more than 6%.
                        
15:28

                            Hong Kong tech stocks strengthened in late trading, Hua Hong Semiconductor rose more than 9%
                        
                            Hong Kong-listed technology and internet stocks strengthened in late trading, with Hua Hong Semiconductor up more than 9%, Xiaomi Group up more than 7%, SMIC and Meituan up more than 6%, and Tencent Holdings and Bilibili up more than 3%.
                        
15:15

                            Hong Kong stocks continued to rise, with the Hang Seng Tech Index up 4% and the Hang Seng Index up nearly 3%. Technology stocks, chip stocks and communications stocks strengthened. Hua Hong Semiconductor (01347.HK) rose more than 8%, Meituan (03690.HK) and SMIC (00981.HK) rose more than 6%.
                        
14:00

                            Hong Kong tech and internet stocks strengthened again in the afternoon, with Meituan (03690.HK) and Xiaomi Group (01810.HK) rising more than 5%, Bilibili (09626.HK) rising 3%, Tencent Holdings (00700.HK) and Baidu (09888.HK) rising more than 2.5%.
                        
09:47

                            The Hang Seng Technology Index expanded its gains to 3%, with technology and chip stocks rising. Hua Hong Semiconductor (01347.HK) rose 6%, Bilibili (09626.HK) rose more than 5%, and Meituan (03690.HK) rose 3.85%.
                        
09:22

                            Hong Kong stocks opened, the Hang Seng Index opened up 1.13%, and the Tech Index opened up 1.49%. Tech stocks rose, Bilibili (09626.HK) rose more than 3%, Meituan (03690.HK) and Tencent Holdings (00700.HK) rose more than 2%. Cheung Kong Holdings (00001.HK) rose nearly 15%, and the company plans to sell 80% of Hutchison Port Holdings to the BlackRock consortium.
                        
        2025.03.03
    
13:15

                            Hillhouse Capital becomes Mixue Ice City's largest external shareholder
                        
                            In this IPO, Mixue Ice City introduced five cornerstone investors, including Long-Z Fund I under Meituan Longzhu, Sequoia China and HHLR Fund under Hillhouse Capital, who subscribed a total of US$200 million (approximately HK$1.558 billion). Among them, Hillhouse Capital and Meituan Longzhu are both shareholders who have re-invested. After this round of investment, Hillhouse Capital has become the largest external institutional shareholder of Mixue Ice City.

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