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23.06.25 - 12:30
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HKD1.5B Southbound Trading Net Inflow to MEITUAN-W (AAStocks)
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There was HKD1.5 billion, HKD678.2 million and HKD411.7 million Southbound Trading net inflow to MEITUAN-W (03690.HK), SMIC (00981.HK) and POP MART (09992.HK).There was HKD1.3 billion, HKD318.3 million and HKD145 million Southbound Trading net outflow from BABA-W (09988.HK), XIAOMI-W (01810.HK) and TENCENT (00700.HK).For Southbo......
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23.06.25 - 10:15
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Full-day Takeaway: HSI Closes at 23,689, Up 158 pts; HSTI Closes at 5,187, Up 53 pts; BEIGENE Up over 6%; CCB, LINK REIT, ABC, BOC HONG KONG, ICBC Hit New Highs; Market Turnover Rises (AAStocks)
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At close, HSI rose 158 pts or 0.7% to 23,689. HSTI rose 53 pts or 1.0% to 5,187. HSCEI gained 70 pts or 0.8% to 8,597. Market turnover reached $198.59 billion.Active Heavyweights:MEITUAN (03690.HK) closed at $131.4, up 2.2%HKEX (00388.HK) closed at $399, up 1.6%XIAOMI (01810.HK) closed at $54.85, up 1.5%CCB (00939.HK) closed at ......
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19.06.25 - 13:06
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Meituan keeps tight grip on 70% of food delivery market in China, report says (SCMP)
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Meituan, the Chinese on-demand delivery giant, is maintaining a steady hold on its 70 per cent market share in domestic food delivery, despite intensifying competition from JD.com and Alibaba Group Holding's Ele.me, as daily orders reached 90 million in recent days, according to a report by Chinese tech media outlet Leiphone.com, citing internal data.
Meituan did not comment on the report. If confirmed, it would show the challenges Meituan's rivals face in changing consumer habits, after a price......
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19.06.25 - 02:06
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JD.com takes its Meituan rivalry to Saudi Arabia with express delivery service (SCMP)
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Chinese e-commerce giant JD.com is extending its deep-seated rivalry with Meituan to Saudi Arabia, launching a self-operated courier service in the country as it extends its footprint in the Middle East.
On Wednesday, JD.com's logistics arm JD Logistics announced the launch of JoyExpress, a business-to-consumer express delivery service that covers most of the 13 provinces in the Middle Eastern country, according to a statement.
JoyExpress provides expedited same-day and next-day delivery......
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18.06.25 - 10:15
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Full-day Takeaway: HSI Down 269 pts; HSTI Down 77 pts; MEITUAN Down over 3%; CHINAHONGQIAO, UNITEDENERGY GP, ASCENTAGE, OCUMENSION-B, SHANGHAI IND H Hit New Highs; Market Turnover Rises (AAStocks)
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At close, HSI dropped 269 pts or 1.1% to 23,710. HSTI dropped 77 pts or 1.5% to 5,214. HSCEI fell 100 pts or 1.2% to 8,594. Market turnover reached $181.93 billion.Active Heavyweights:MEITUAN (03690.HK) closed at $133.3, down 3.5%HKEX (00388.HK) closed at $404, down 2.3%BABA (09988.HK) closed at $112.2, down 2.3%PING AN (02318.H......
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18.06.25 - 08:45
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MEITUAN-W's Delivery Biz Averages 90M+ Orders per Day Since Mid-Jun (AAStocks)
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Personnel related to MEITUAN-W (03690.HK) confirmed that the company's daily paid orders have exceeded 90 million on average since mid-June, Chinese media reported.In addition, MEITUAN-W's daily GMV and order volume share in the food delivery market accounted for around 70%, with the average order value remaining at arou......
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