Meituan - TechWire

Meituan

2025.10.27

17:37

BlackRock's long position in Meituan-W has dropped to 5.81%.

According to the Hong Kong Stock Exchange, BlackRock's long position in Meituan-W fell from 6.06% to 5.81% on October 22, 2025.

10:46

Meituan's video generation model is officially released and open sourced

On October 27th, the Meituan LongCat team released and open-sourced the LongCat-Video video generation model. Addressing the computational bottlenecks of generating high-resolution, high-frame-rate videos, LongCat-Video utilizes a triple optimization approach: two-stage coarse-to-fine generation (C2F), block sparse attention (BSA), and model distillation. This model accelerates video inference by 10.1 times.

2025.10.24

17:36

Southbound funds net bought HK$3.414 billion today, with Meituan-W leading the purchase amount.

Southbound funds saw a net purchase of HK$3.414 billion today. Meituan-W, SMIC, and CNOOC ranked the top three in terms of net purchases, receiving HK$655 million, HK$602 million, and HK$571 million, respectively. In terms of net sales, Pop Mart, CSPC Pharmaceutical Group, and UBTECH Robotics saw net sales of HK$629 million, HK$247 million, and HK$211 million, respectively.

17:31

Southbound funds saw net purchases of 3.414 billion yuan today. On the Shanghai side of the Hong Kong-Shanghai Stock Connect, Tencent Holdings and CNOOC saw net purchases of HK$463 million and HK$393 million, respectively. Pop Mart led the market with net sales of HK$416 million. On the Shenzhen side of the Hong Kong-Shenzhen Stock Connect, Meituan-W and Hua Hong Semiconductor saw net purchases of HK$448 million and HK$326 million, respectively. CSPC Pharmaceutical Group led the market with net sales of HK$247 million.

17:14

BlackRock's long position in Meituan-W increased to 6.07%.

According to the Hong Kong Stock Exchange, BlackRock's long position in Meituan-W increased from 5.99% to 6.07% on October 21, 2025.

11:21

JD.com, Meituan, Ele.me and other companies are under investigation by the State Administration for Market Regulation

Reporters learned from multiple sources that in mid-October, JD.com, Meituan, and Ele.me, among others, were investigated by the State Administration for Market Regulation (SAMR) on the same day. The investigations involved food safety and the food delivery platforms' review of merchant qualifications. An employee of one of the platforms under investigation told the Economic Observer that this investigation differed from previous interviews with relevant business managers. SAMR staff visited the companies that day, recording the entire process with body cameras, and requested that the business managers return to the company for questioning. Some companies were questioned on-site for several days, while others remained passive in their cooperation. The employee revealed that in addition to the three major food delivery platforms, Douyin Group was also under investigation. Since 2022, Douyin has entered the instant retail market through its "Hourly Delivery" service, currently offering products such as flowers, cakes, and fresh produce. A representative from another platform under investigation explained to the Economic Observer that one of the triggers for the investigation was a user who purchased a mismatched cake from a food delivery platform—the brand of the cake they ordered and received was different. The user raised concerns about the platform's merchant qualifications and reported the issue to regulatory authorities. The regulatory authorities' investigation found that the problematic merchants had entered multiple platforms, and more than one platform had the problem of cakes not being what was advertised.

2025.10.23

17:33

Southbound funds saw a significant net inflow of 5.345 billion yuan today. On the Shanghai side of the Hong Kong Stock Connect, Pop Mart and CNOOC saw net inflows of HK$538 million and HK$529 million, respectively, while Hua Hong Semiconductor saw the largest net inflow of HK$356 million. On the Shenzhen side of the Hong Kong Stock Connect, Meituan-W and CNOOC saw net inflows of HK$487 million and HK$451 million, respectively, while Hua Hong Semiconductor saw the largest net inflow of HK$659 million.

16:12

Hong Kong Stock Market Close Review: Hang Seng Index rose 0.72%, Hang Seng Tech Index rose 0.48%

At the close of Hong Kong trading, the Hang Seng Index rose 0.72%, and the Hang Seng Tech Index rose 0.48%. The Hong Kong Tech ETF (159751) rose 0.43%, and the Hang Seng Hong Kong Stock Connect ETF (159318) rose 0.71%. Among sectors, water and maritime transport saw the largest gains, while biotech and pharmaceuticals saw the largest declines. Among individual stocks, Base Championship Group surged over 110%; Postal Savings Bank of China rose 4.59%, China Hongqiao rose 4.48%, Sands China Ltd. rose 4.4%, and Meituan-W rose 4.06%. Shangao Holdings fell 11.28%, and Chalco International fell 13.23%. Tianjin Chuangye Environmental Protection Co., Ltd. rose 24.17%, and Qingang Co., Ltd. rose 12.94%. Pop Mart fell over 9%.

2025.10.22

07:43

Moutai and Wuliangye call for formal channels to purchase liquor

With the "Double 11" (Singles' Day) shopping festival approaching, several liquor companies, including Moutai and Wuliangye, are urging consumers to purchase their liquor through legitimate channels. Recently, Yibin Wuliangye Co., Ltd. published a "Notice to Wuliangye Consumers (IV)" on the Wuliangye Group's official website. This is Wuliangye's fourth notice to consumers since November 2024. The company also announced its latest authorized e-commerce sales channels. Wuliangye issued similar notices during last year's "Double 11" shopping festival and this year's "618" shopping festival. Unlike the previous three sales events, this time, Wuliangye directly named 46 unofficial authorized stores across six major platforms: 17 on Douyin, 4 on JD.com, 9 on Kuaishou, 3 on Meituan, 8 on Pinduoduo, and 5 on Tmall and Taobao. According to the statement, Wuliangye's authorized e-commerce sales channels include its own official stores on multiple e-commerce platforms, as well as stores on JD.com, Tmall, Douyin, Kuaishou, and other platforms. Not only Wuliangye, Moutai also recently issued consumption tips and announced the online and offline sales channels of Kweichow Moutai.

2025.10.20

22:35

Meituan: Drone false detection rate drops to 0.68%

At the 2025 Meituan Robotics Research Institute Academic Annual Meeting, Mao Nianyi, Vice President of Meituan and Chairman of the Institute, revealed significant progress in the intelligent obstacle avoidance system for drones developed jointly with the IDEA Research Institute. By upgrading the cloud-based large-scale visual model, the system's recall rate for identifying complex aerial targets such as kites, balloons, and cranes has increased by nearly 30 percentage points, while the false detection rate has dropped to 0.68%. After extensive testing and verification, these achievements have now been implemented in complex delivery scenarios such as parks.

17:05

Meituan LongCat team releases VitaBench

Meituan's LongCat team today officially released VitaBench (Versatile Interactive Tasks Benchmark), a large-scale intelligent agent evaluation benchmark that closely resembles real-life scenarios and targets complex problems. VitaBench, based on three high-frequency real-life scenarios: ordering takeout, dining in restaurants, and traveling, has constructed an interactive evaluation environment encompassing 66 tools and implemented comprehensive task design across these scenarios.

15:38

Nearly 1,000 Li Ning stores have joined Meituan Flash Purchase

On October 20th, the Li-Ning brand officially launched on Meituan's flash sales platform, with nearly 1,000 stores simultaneously launching online, covering nearly 100 cities nationwide. Consumers can now purchase Li-Ning and Li-Ning YOUNG products, including running, basketball, comprehensive training, badminton, table tennis, outdoor, tennis, and pickleball apparel and equipment, all in one place. So far this year, sports brands such as Topsports, Shengdao, Jiaoxia, Anta, 361°, and Zhongqiao Sports have joined Meituan's flash sales platform.

2025.10.17

14:53

Hong Kong tech stocks collectively weakened, with JD Health (06618.HK) falling more than 5%, Alibaba (09988.HK), Alibaba Health (00241.HK), BOSS Direct (02076.HK), Baidu (09888.HK), and Bilibili (09626.HK) falling more than 4%, and JD.com (09618.HK), Meituan (03690.HK), and Kuaishou (01024.HK) falling more than 3%.

11:08

Meituan's Wei Wei: The catering industry is entering a period of deep reshuffle. Quality catering is the foundation of the industry.

At the 8th Catering Industry Conference on October 16th, Wei Wei, Vice President of Meituan and General Manager of its In-Store Catering Division, stated that a vibrant dine-in business is the most important characteristic of a thriving restaurant industry. The industry is entering a period of profound restructuring, and Meituan must be a long-term companion to quality catering. "Quality catering has never been a 'passenger traffic'; it's the 'foundation of the industry' that we must protect." Over the past year, Meituan and Dianping have explored three key areas: ecosystem optimization, service innovation, and operational upgrades. According to Wei Wei, to build a more conducive environment for quality catering, the Black Pearl and Must-Eat Lists will be expanded to more cities. Meituan has also established a Dining Committee to work with quality restaurants to address the current market environment. The star rating system will also be further upgraded to address pain points such as involutionary reviews and false reviews, severely punish deliberate and malicious reviews, and help restaurants acquire more healthy data assets.

10:11

Citi: Lowered the target price of Meituan (03690.HK) from HK$133.00 to HK$117.00.

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