Meituan - TechWire

Meituan

2025.06.16

20:54

Meituan Travel: Jiangsu ranked first in tourism orders nationwide last weekend

Meituan Travel booking data shows that as of June 16, Jiangsu Province's summer cultural tourism bookings have increased by 41% year-on-year. In the past weekend, Jiangsu Province's tourism orders jumped to the top in the country, and Jiangsu's catering dine-in orders contributed by non-local consumers increased by more than 49% year-on-year.

18:40

Institutional data shows that Jiangsu has the highest number of weekend tourism orders in the country

As of today, Meituan Travel booking data shows that Jiangsu Province's summer cultural tourism bookings have increased by 41% year-on-year. In the past weekend, Jiangsu Province's tourism orders jumped to the top in the country, and the number of Jiangsu catering dine-in orders contributed by non-local consumers increased by more than 49% year-on-year. The provincial capital Nanjing leads the country in tourism orders, and Suzhou and Yangzhou have ranked among the top ten, showing a "full blossoming" hot trend. Policy support and platform economy jointly amplify the "Suzhou Super Effect", driving the comprehensive growth of Jiangsu's cultural tourism, sports and commerce.

17:31

Southbound funds made a large net purchase of 5.743 billion yuan today. In terms of Hong Kong Stock Connect (Shanghai), China Construction Bank and Meituan-W received net purchases of HK$1.108 billion and HK$493 million respectively; Xiaomi Group-W ranked first in net sales, with an amount of HK$1.489 billion; in terms of Hong Kong Stock Connect (Shenzhen), Meituan-W and Kangfang Biopharma received net purchases of HK$622 million and HK$206 million respectively; Xiaomi Group-W ranked first in net sales, with an amount of HK$391 million.

13:32

Goldman Sachs is bullish again: Global funds return to China and are optimistic about China's "Top Ten" stocks

Recently, Goldman Sachs' chief China equity strategist, Jinjin Liu, released a research report titled "The Return of China's Private Enterprises: The Tide Has Turned". Jinjin Liu pointed out that driven by various macro, policy and micro factors, the medium-term investment prospects of China's private enterprises are improving. Goldman Sachs also imitated the "Big Seven" of the US stock market and listed China's "Big Ten", that is, the top ten Chinese private listed companies that Goldman Sachs is particularly optimistic about. They are: Tencent, Alibaba, Xiaomi, BYD, Meituan, NetEase, Midea, Hengrui Medicine, Ctrip and Anta. The total market value of the above ten companies is US$1.6 trillion, accounting for 42% of the weight of the MSCI China Index, and the daily trading volume is US$11 billion. Goldman Sachs analysts expect that the earnings of the "Big Ten" will increase by 13% (compound annual growth rate) in the next two years, with a price-to-earnings ratio of 16 times. The "Big Ten" will jointly embody the latest economic themes such as China's artificial intelligence/technology development, "going out", new consumption and improving shareholder returns. In addition, Jinjin Liu specifically pointed out that investing in private enterprises does not mean excluding state-owned enterprises - Goldman Sachs reiterated that it still prefers "high-quality" Chinese state-owned enterprises and shareholder return combinations.

10:37

Hong Kong tech stocks rebounded, with SenseTime (00020.HK) and Xiaomi Group (01810.HK) rising 3.5%, Bilibili (09626.HK) rising more than 3%, and Meituan (03690.HK) narrowing its losses by 0.7%.

09:22

Hong Kong stocks opened: Hang Seng Index opened 0.42% lower, Hang Seng Technology Index opened 0.61% lower

Hong Kong stocks opened, the Hang Seng Index opened 0.42% lower, and the Hang Seng Technology Index opened 0.61% lower. Shandong Molong rose more than 14%, and Meituan fell more than 2%.

2025.06.13

17:34

Southbound funds net bought HK$189 million, with Alibaba leading the net selling

Southbound funds net bought HK$189 million today. In terms of Hong Kong Stock Connect (Shanghai), China Construction Bank and Sinopec Oilfield Services received net purchases of HK$406 million and HK$86 million respectively; Alibaba-W ranked first in net selling, with an amount of HK$3.044 billion; in terms of Hong Kong Stock Connect (Shenzhen), Meituan-W and China National Offshore Oil Corporation received net purchases of HK$1.254 billion and HK$523 million respectively; Tencent Holdings ranked first in net selling, with an amount of HK$878 million.

17:33

Southbound funds made a net purchase of 189 million yuan today. In terms of Hong Kong Stock Connect (Shanghai), China Construction Bank and Sinopec Oilfield Services received net purchases of HK$406 million and HK$86 million respectively; Alibaba-W ranked first in net sales, with an amount of HK$3.044 billion; in terms of Hong Kong Stock Connect (Shenzhen), Meituan-W and China National Offshore Oil Corporation received net purchases of HK$1.254 billion and HK$523 million respectively; Tencent Holdings ranked first in net sales, with an amount of HK$878 million.

2025.06.12

17:33

Southbound funds made a large net purchase of 5.585 billion yuan today. In terms of Hong Kong Stock Connect (Shanghai), Xiaopeng Motors-W and China Construction Bank received net purchases of HK$594 million and HK$398 million respectively; Alibaba-W ranked first in net sales, with an amount of HK$1.18 billion; in terms of Hong Kong Stock Connect (Shenzhen), Innovent Biologics and Meituan-W received net purchases of HK$437 million and HK$280 million respectively; Kuaishou-W ranked first in net sales, with an amount of HK$750 million.

2025.06.11

17:32

Southbound funds net bought HK$1.376 billion, with Xiaomi Group ranking first in net selling

Southbound funds net bought HK$1.376 billion today. In terms of Hong Kong Stock Connect (Shanghai), China Construction Bank and China National Offshore Oil Corporation received net purchases of HK$707 million and HK$160 million respectively; Xiaomi Group-W ranked first in net sales, with an amount of HK$930 million; in terms of Hong Kong Stock Connect (Shenzhen), Meituan-W and Innovent Biologics received net purchases of HK$583 million and HK$216 million respectively; Xiaomi Group-W ranked first in net sales, with an amount of HK$902 million.

12:10

Meituan releases its first AI Coding Agent, which allows programmers to create games and websites just by chatting

On June 10, Meituan officially released its first AI Coding Agent product, NoCode. This conversational AI programming tool can automatically complete coding tasks and deployment through multiple rounds of natural language interaction. It is suitable for scenarios such as data analysis, product prototyping, operation tool development, and portal website generation, allowing "zero-based" users to create their own websites and software tools through chatting. It is reported that NoCode integrates Meituan's self-developed model LongCat with a scale of hundreds of billions of parameters. The model adopts a hybrid expert architecture and reaches the first-line level in benchmarks such as general capabilities and code generation, and performs comparable to models such as GPT-4o, Claude-3.5-Sonnet, and DeepSeek-V3-0324.

2025.06.10

18:54

iResearch: JD.com’s average daily takeout orders exceed 25 million, with a market share of over 31%

According to the latest data from iResearch, JD.com's daily average takeout orders have exceeded 25 million, accounting for more than 31% of the national takeout market, and about 45% of the market share in the quality takeout segment, forming a new "three-legged" industry pattern together with Meituan and Ele.me. According to iResearch Consulting, the current daily average order volume in China's takeout market is 80-90 million.

17:34

Southbound funds made a large net purchase of HK$7.59 billion today. Meituan-W received a net purchase of HK$986 million.

Southbound funds made a large net purchase of HK$7.59 billion today. Meituan-W, CSPC Pharmaceutical Group, and Innovent Biologics received net purchases of HK$986 million, HK$761 million, and HK$520 million, respectively; Tencent Holdings had the largest net sales amount, with an amount of HK$1.892 billion.

16:10

Hong Kong stocks closed: Hang Seng Index fell 0.08% Hang Seng Technology Index fell 0.76%

At the close of Hong Kong stocks, the Hang Seng Index fell 0.08% and the Hang Seng Technology Index fell 0.76%. The Hong Kong Stock Technology ETF (159751) closed up 0.19% and the Hang Seng Hong Kong Stock Connect ETF (159318) closed up 0.08%. China Rare Earth rose more than 13%, Pop Mart rose more than 3%; Mixue Group fell more than 6%, Meituan and Li Auto fell more than 2%.

16:00

Wang Xing once again responded to the "takeout war": firmly oppose internal competition and welcome more participants to join

Meituan held its 2025 annual general meeting of shareholders on June 9. When talking about the competition in the food delivery industry, Wang Xing said that first, more participants are very welcome to enter the market; second, he reiterated that Meituan is firmly opposed to involution; and third, he is confident in long-term development. Wang Xing said that it is normal for the industry to have many players and more competition, but unhealthy and ineffective "involutionary" competition is unsustainable in the long run for both platforms and merchants, and has a negative impact on the industry. Meituan is firmly opposed to involution.

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