Meituan - TechWire

Meituan

2025.08.01

17:59

Southbound funds bought over HK$10 billion of Hong Kong stocks for the fourth consecutive day, increasing their holdings in Xiaomi, Tencent, and Meituan.

Southbound funds saw net purchases of HK$12.207 billion today, marking the fourth consecutive day of net purchases exceeding HK$10 billion. These purchases included net purchases of TraHK (HK$3.744 billion), Hang Seng China Enterprises (HK$1.72 billion), Xiaomi Group (HK$1.099 billion), China Southern Hang Seng Technology (HK$855 million), Tencent Holdings (HK$836 million), Meituan (HK$766 million), Innoscience (HK$363 million), CSPC Pharmaceutical Group (HK$252 million), and Kuaishou (HK$202 million). Southbound funds also saw net sales of Innovent Biologics (HK$402 million), Alibaba (HK$202 million), and SMIC (HK$177 million). Southbound funds have been net buyers of Tencent for seven consecutive days, totaling HK$3.542 billion; Xiaomi for six consecutive days, totaling HK$4.135 billion; and Meituan for three consecutive days, totaling HK$2.612 billion.

11:17

Meituan's stock price surged by over 3% during trading, with the food delivery platform issuing a statement advocating against unhealthy competition.

Meituan's stock price surged, rising by over 3% at one point, Alibaba's rose by over 2%, and JD.com's rose by 1.5%. On the news front, Meituan and Ele.me issued statements regarding subsidies for food delivery platforms, advocating against unhealthy competition.

11:11

Meituan (03690.HK) continued to rise, up more than 3% on the day. It previously issued a statement calling on the industry to jointly build a good ecosystem and promote the standardized, healthy and sustainable development of the catering service industry.

10:36

Meituan: Calling on the industry to jointly build a good ecosystem to promote the standardized, healthy and sustainable development of the catering service industry

Meituan's official Weibo account stated today that subsidies offered by food delivery platforms have recently sparked widespread public concern. Meituan attaches great importance to this and will resolutely regulate promotional practices, eliminate unfair competition, promote a fair and orderly industry order, and foster mutual benefit for all parties. Meituan pledges to take this initiative, starting with its own actions, and actively calls on the industry to jointly build a positive ecosystem to promote the standardized, healthy, and sustainable development of the catering services industry. Meituan stated that its subsidy activities will strictly comply with relevant laws and regulations, and will not force or covertly coerce merchants into participating in these activities, effectively safeguarding merchants' independent pricing rights.

2025.07.31

17:23

Moutai's official authorized stores launch Meituan flash sales

According to insiders, since July, "Moutai Sauce-Flavored Food · Shared by Thousands of Families" has been launched on Meituan Flash Purchase nationwide, and will be accelerated in the near future.

10:05

Meituan (03690.HK) fell more than 4%. On the news front, Tencent's major shareholder Prosus began to reduce its US$4 billion stake in Meituan.

10:03

Meituan fell more than 4%

Meituan fell more than 4%. On the news front, Tencent's major shareholder Prosus sold part of its Meituan shares and cashed out US$250 million.

07:24

"Summer travel" is booming, and listed companies are coming up with various tricks to help consumers "beat the heat"

As summer temperatures continue to climb, summer escapes have become a popular choice in the tourism market. Data from Meituan Travel shows that since July, escaping the heat has become a core demand among tourists, with searches for "summer escape travel" surging by 47% year-on-year. The northwest, northeast, and southwest regions have become popular destinations. Numerous listed travel companies have capitalized on this business opportunity, launching special programs and diverse services such as concerts, water gun festivals, and off-season outbound summer escapes to fully meet tourists' summer needs and help consumers beat the heat.

2025.07.30

19:45

Market News: Investment firm Prosus has begun reducing its $4 billion stake in Meituan. Prosus is reported to have recently sold approximately $250 million worth of Meituan shares.

19:43

Report: Prosus recently sold about $250 million of Meituan shares

Prosus reportedly recently sold approximately $250 million worth of Meituan shares.

17:38

Southbound funds net bought HK$11.714 billion today, with Li Auto-W, CSPC Pharmaceutical Group, and Meituan-W ranking the top three in terms of net buying.

Southbound funds saw net purchases of HK$11.714 billion today. Li Auto-W, CSPC Pharmaceutical Group, and Meituan-W ranked the top three in terms of net purchases, receiving HK$2.093 billion, HK$873 million, and HK$447 million, respectively. In terms of net sales, SMIC, Innovent Biologics, and Guotai Junan International saw net sales of HK$205 million, HK$121 million, and HK$74 million, respectively.

2025.07.29

17:34

Southbound funds saw a significant net inflow of 12.72 billion yuan today. On the Shanghai side of the Hong Kong Stock Connect, Tencent Holdings and Xiaomi Group-W saw net inflows of HK$1.06 billion and HK$989 million, respectively. Pop Mart led the market with net sales of HK$272 million. On the Shenzhen side of the Hong Kong Stock Connect, Xiaomi Group-W and Alibaba-W saw net inflows of HK$670 million and HK$551 million, respectively. Meituan-W led the market with net sales of HK$509 million.

17:04

Meituan recruits 6,000 people globally for its 2026 campus recruitment

On July 29th, Meituan launched its 2026 campus recruitment. The program aims to recruit 6,000 people across 10 categories and over 100 positions, including technology, product development, business analysis, operations, finance, retail, and general management. Positions will be located in dozens of cities around the world, including Beijing, Shanghai, Shenzhen, Chengdu, Guangzhou, Hong Kong, Riyadh, Dubai, and São Paulo (Brazil). Notably, over one-third of the positions are in technology, with a greater number of overseas positions open to recent university graduates.

10:58

Meituan issued a statement promising that it would never operate its own business and would never compete with merchants.

On July 29, Meituan’s official account published an article about Raccoon Canteen and stated: “We will never operate on our own and will never compete with merchants. We will only build infrastructure and help merchants connect with the resources they need, leaving traffic, brand, and sales to merchants, and leaving peace of mind, convenience, and quality to consumers.” Meituan said that after more than half a year of trial operation, since the official launch of the "Raccoon Canteen" brand in early July, the search volume for keywords related to Meituan and Meituan Takeout App has increased by more than 40 times compared to June; the overall exposure of Raccoon Canteen merchants has increased by 164%, and the order volume has increased by 60%.

10:22

Hong Kong-listed tech and internet stocks continued to fall, with Kuaishou and Bilibili (09626.HK) falling more than 3%, Baidu (09888.HK) falling more than 2%, and Tencent Holdings (00700.HK) and Meituan (03690.HK) following suit.

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