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27.03.26 - 11:30
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HKD656.5M Southbound Trading Net Outflow from BABA-W (AAStocks)
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There was HKD457.1 million, HKD340.6 million and HKD227.2 million Southbound Trading net inflow to POP MART (09992.HK), MEITUAN-W (03690.HK) and YOFC (06869.HK).There was HKD656.5 million, HKD648.2 million and HKD626.5 million Southbound Trading net outflow from BABA-W (09988.HK), XIAOMI-W (01810.HK) and SMIC (00981.HK).For Sout......
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27.03.26 - 08:00
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MEITUAN-W Open-Sources Native Multimodal Large Model LongCat-Next (AAStocks)
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MEITUAN-W (03690.HK) released and fully open-sourced the native multimodal large model LongCat-Next. According to the introduction, this model breaks the traditional language-centric patchwork architecture of current large models by uniformly mapping images, voice and text to discrete tokens of the same origin.Through a purely &......
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27.03.26 - 05:15
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Midday Takeaway: HSI Closes Midday at 24,992, Up 135 pts; HSTI Closes Midday at 4,811, Up 50 pts; CSPC PHARMA Up over 9%; XUNCE, WASION HOLDINGS, GANFENGLITHIUM, QINGSONG HEALTH, HUISHANG BANK Hit New Highs (AAStocks)
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At midday close, HSI rose 135 pts or 0.5% to 24,992. HSTI rose 50 pts or 1.1% to 4,811. HSCEI gained 79 pts or 1.0% to 8,469.Active Heavyweights:MEITUAN (03690.HK) closed at $88.15, up 1.7%XIAOMI (01810.HK) closed at $32.98, up 1.7%BABA (09988.HK) closed at $123.4, up 0.3%TENCENT (00700.HK) closed at $495, down 0.1%HSI & HSCEI C......
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26.03.26 - 18:02
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Meituan Swings to $3 Billion Loss as Delivery Price War Bites (Caixin)
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Chinese food delivery giant Meituan swung to a staggering net loss of 23.4 billion yuan ($3.4 billion) in 2025, reversing a profit from the previous year as a blistering domestic price war and aggressive overseas expansion took a heavy toll on its bottom line.
... Read more...
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26.03.26 - 11:45
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CN SAMR Holds Fair Competition Forum, Joined by CATL, BYD, MEITUAN (AAStocks)
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China's State Administration for Market Regulation (SAMR) announced that it held the first fair competition forum of 2026 today (26th), focusing on the theme of "Regulating Corporate Competition Behavior and Building a Healthy Competitive Ecosystem for Enterprises Going Global". The forum involved in-depth discussi......
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26.03.26 - 11:24
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Meituan posts second consecutive quarterly loss amid costly instant commerce battle (SCMP)
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Chinese food and on-demand delivery giant Meituan reported on Thursday its second consecutive quarterly loss since 2022, as intense competition and a prolonged price war with Alibaba Group Holding and JD.com last year squeezed margins.
The company reported a 15 billion yuan (US$2.2 billion) adjusted net loss – worse than the 12.9 billion yuan average estimate by analysts – for the fourth quarter ended December 31, compared with adjusted net profit of 9.8 billion yuan a year earlier.
Its......
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26.03.26 - 05:30
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Midday Takeaway: HSI Down 347 pts; HSTI Down 105 pts; BABA Down over 3%; PING AN Down over 3%; MEITUAN Down over 3%; BANK OF CHINA, WELLCELL HOLD, EB ENVIRONMENT Hit New Highs (AAStocks)
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At midday close, HSI dropped 347 pts or 1.4% to 24,988. HSTI dropped 105 pts or 2.1% to 4,817. HSCEI fell 130 pts or 1.5% to 8,452.Active Heavyweights:BABA (09988.HK) closed at $124.1, down 3.7%PING AN (02318.HK) closed at $58.4, down 3.4%MEITUAN (03690.HK) closed at $87.25, down 3.1%XIAOMI (01810.HK) closed at $33.02, up 1.5%TE......
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