Meituan - TechWire

Meituan

2025.09.24

10:56

Hong Kong's Hang Seng Tech Index rose 1%.

The Hang Seng Tech Index in Hong Kong saw its gains expand to 1%, with the Hang Seng Index now up 0.51%. Alibaba (W) rose over 4%, SMIC (Semiconductor Manufacturing International Corporation) rose over 3%, and Meituan (W) rose over 1%.

2025.09.23

17:37

Southbound funds saw a net sell-off of 4.069 billion yuan today. Within the Shanghai-Hong Kong Stock Connect, Tracker Fund Management and Meituan-W saw net sell-offs of HK$3.271 billion and HK$88 million, respectively. Alibaba-W led the market with net buying of HK$712 million. Within the Shenzhen-Hong Kong Stock Connect, Hang Seng China Enterprises and Pop Mart saw net sell-offs of HK$993 million and HK$375 million, respectively. Alibaba-W led the market with net buying of HK$961 million.

08:46

Brazil calls for stronger Latin American unity against external interference

At a meeting of foreign ministers from the Community of Latin American and Caribbean States (CELAC) held during the high-level segment of the UN General Assembly, Brazilian Foreign Minister Vieira called on Latin American and Caribbean countries to strengthen regional solidarity to ensure respect for sovereignty and reject any form of external interference. Vieira stated that Brazil cannot accept external interference under any pretext. Failure to collectively respond to intimidation is tantamount to a permanent invitation to new interference. Currently, the Latin American and Caribbean region is facing interference from external military forces, with the United States deploying warships, submarines, and military personnel around Venezuela, actions reminiscent of a repeat of the history of the 19th and 20th centuries. Vieira stated that designating criminal groups as terrorist targets could provide a pretext for arbitrary armed aggression in violation of the UN Charter, setting a "dangerous precedent" and threatening regional geopolitical stability. Vieira emphasized that CELAC is a key forum for promoting the eradication of hunger and poverty, promoting development, and strengthening infrastructure for regional integration. He proposed the establishment of a working group to promote dialogue with other countries and regions to more effectively present the position and interests of Latin America and the Caribbean on the international stage.

2025.09.22

17:31

Southbound funds saw a significant net inflow of 12.736 billion yuan today. Within the Shanghai-Hong Kong Stock Connect, Tracker Fund Management and Alibaba-W saw net inflows of HK$2.864 billion and HK$1.551 billion, respectively. Meituan-W led the way in net sales, with HK$205 million. Within the Shenzhen-Hong Kong Stock Connect, Alibaba-W and Hang Seng China Enterprises saw net inflows of HK$1.063 billion and HK$861 million, respectively. Meituan-W led the way in net sales, with HK$180 million.

14:12

Meituan releases efficient inference model LongCat-Flash-Thinking

On September 22nd, Meituan released LongCat-Flash-Thinking, a highly efficient inference model. Meituan stated that based on AIME25 test data, LongCat-Flash-Thinking demonstrated more efficient agent tool invocation within the framework, saving 64.5% of tokens compared to no tool invocation while maintaining 90% accuracy. LongCat-Flash-Thinking is now open source on HuggingFace and Github, and is available for trial on its official website.

10:56

CGS International: Lowered the target price of Meituan (03690.HK) from HK$123 to HK$120.

2025.09.21

07:58

Southbound funds have seen net inflows for 18 consecutive weeks, with holdings of 11 stocks doubling this week.

According to Securities Times Databao statistics, southbound funds saw a net inflow of HK$36.851 billion this week (September 15-19), a 39.41% decrease from the previous month, marking the 18th consecutive week of net inflows. Looking at the top ten most active stocks daily, 22 stocks made the list this week. Alibaba-W had the highest total trading volume through the Hong Kong-Shanghai Stock Connect, reaching HK$69.847 billion. SMIC, Meituan-W, Tencent Holdings, and Xiaomi Group-W all saw their trading volume exceed HK$20 billion. Regarding shareholding changes, 11 stocks saw their holdings in southbound funds increase by over 100% month-over-month, with Baize Medical leading the way with a 2252.16% increase. Nanshan Aluminum International, Shanghai Auntie, Naodong Aurora-B, and Jinjing New Energy all saw their holdings increase by over 500%.

2025.09.19

14:17

Taobao flash sales and Ele.me group buying, fighting on two fronts with AutoNavi

Ten days after AutoNavi released its Street Sweeper rankings, Taobao Flash Purchase and Ele.me will launch in-store group buying services, prioritizing restaurant deals. On September 20th, Taobao Flash Purchase's group buying service will launch a pilot program in several core business districts in Shanghai, Shenzhen, and Jiaxing, followed by a rollout in first- and second-tier cities nationwide. This Saturday falls on a peak order day for Taobao Flash Purchase's instant home delivery service, coinciding with the peak customer traffic during the National Day Golden Week holiday, competing with group buying services from Meituan and Dianping. This service, which will be offered by Taobao Flash Purchase and Ele.me through the same group buying platform, will be launched simultaneously on Taobao, Alipay, and AutoNavi, Alibaba's three largest traffic hubs.

10:20

iPhone 17 is now available for sale on Meituan Flash Sale

On September 19th, the iPhone 17 series went on sale immediately, with Meituan Flash Sales available at authorized Apple stores nationwide, offering authentic products with 30-minute delivery. In Beijing, Shenzhen, and other cities, the national subsidy program for new iPhones, Apple Watches, and AirPods will be available for the first time through Meituan Flash Sales. Soon, national subsidies in Jiangsu and other regions will also cover new iPhones through Meituan Flash Sales.

10:12

Meituan's open kitchen subsidies increased to 500 million yuan

On September 19th, Meituan Waimai announced that it would further provide subsidies to more merchants who are implementing the "Open Kitchen" program. Data released by Meituan Waimai showed that as of mid-September, 300,000 merchants, over 3,000 chain brands, and 60,000 chain stores had participated in the program. Meituan's subsidies for the program will be increased to 500 million yuan to help merchants improve transparency in their kitchens.

10:10

Supply and Marketing Cooperatives: As of September, the number of orders for Sunkelong's community group buying business has exceeded that of the whole of last year

On September 18th, Supply and Marketing Cooperatives (Shanghai Gongxiao Daji) stated in an institutional survey that, by becoming a member of the supply chain systems of platforms such as Ele.me, Meituan, JD Daojia, Douyin, Duoduo Maicai, and Xiaoxiang Supermarket, the company has deeply integrated resources for fresh fruits and vegetables, daily necessities, and other products, expanding its community group buying business through centralized procurement and online distribution. As of September, Shunkelong's community group buying business had already surpassed last year's entire total order volume. Recently, the company's Shaanxi kiwifruit product was live-streamed on Douyin, generating over 30,000 orders in a single session and exceeding one million yuan in sales.

2025.09.18

17:40

Southbound funds net bought about HK$6.3 billion today, with Meituan leading the net buying

Southbound funds saw net purchases of approximately HK$6.288 billion today. Meituan-W and Alibaba-W saw net purchases of approximately HK$1.412 billion and HK$1.21 billion, respectively, while Hua Hong Semiconductor saw net sales of HK$1.165 billion.

17:32

Southbound funds saw a significant net inflow of 6.288 billion yuan today. On the Shanghai side of the Hong Kong-Shanghai Stock Connect, Pop Mart and Meituan-W saw net inflows of HK$743 million and HK$568 million, respectively. Tencent Holdings led the way in net sales, with HK$940 million. On the Shenzhen side of the Hong Kong-Shenzhen Stock Connect, Alibaba-W and Meituan-W saw net inflows of HK$895 million and HK$844 million, respectively. Hua Hong Semiconductor led the way in net sales, with HK$420 million.

2025.09.17

17:32

Southbound funds saw a significant net inflow of 9.44 billion yuan today. On the Shanghai side of the Hong Kong Stock Connect, Alibaba-W and Meituan-W saw net inflows of HK$2.156 billion and HK$1.179 billion, respectively. Xiaomi Group-W led the way with net sales of HK$1.057 billion. On the Shenzhen side of the Hong Kong Stock Connect, Alibaba-W and Meituan-W saw net inflows of HK$2.895 billion and HK$921 million, respectively. Kangfang Biopharma led the way with net sales of HK$265 million.

12:01

Hong Kong Stock Market Midday Review: Hang Seng Index rose 1.41%, Hang Seng Tech Index rose 3.49%

At the midday close of Hong Kong stocks, the Hang Seng Index rose 1.41%, and the Hang Seng Tech Index rose 3.49%. The Hong Kong Tech ETF (159751) rose 2.01%, and the Hang Seng Hong Kong Stock Connect ETF (159318) rose 0.97%. Among sectors, diversified REITs and passenger airlines led the gains, while biotech and life science tools led the declines. In terms of individual stocks, Baidu Group-SW rose 15.9%, NIO-SW rose 10.28%, Lens Technology rose 7.56%, SMIC rose 5.7%, JD.com-SW rose 5.69%, Yancoal Energy rose 5.67%, China Coal Energy rose 5.45%, CATL rose 5.35%, Meituan-W rose 5.18%, Alibaba-W rose 5.02%, Alibaba-WR rose 4.92%, Meituan-WR rose 4.79%, Haier Smart Home rose 4.44%; Tongyuan Kang Pharmaceutical-B fell 7.69%, MIRXES-B fell 8.74%; China Education Holdings rose 16.67%, Shangao Holdings rose 13.96%.

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