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Meituan learns from pdd holdings.
Author | Liu Baodan Editor | Zhou Zhiyu After Alibaba and JD replicated the tens of billions of subsidies, Meituan also began to learn from Pinduoduo. Wang Xing applied the low-price group-buying model to local life, stabilizing the competition situation with Douyin. On June 6, Meituan handed in a better-than-expected quarterly report. In the first quarter of 2024, Meituan achieved a revenue of 73.3 billion yuan, a year-on-year increase of 25%, although the growth rate was slightly lower than the same period last year, but performed better than the previous two quarters, maintaining high growth. In terms of profitability, Meituan had a net profit and adjusted EBITDA of 5.37 billion yuan and 8.07 billion yuan, respectively, with growth rates of 60% and 2
Northbound funds trend | Northbound funds had a net purchase of 3.607 billion, and domestic funds continued to buy China Mobile (00941) while selling Tracker Fund of Hong Kong (02800) for over 1 billion Hong Kong dollars.
On June 7, the Hong Kong stock market saw a net purchase of HKD 3.607 billion by northbound funds, including a net purchase of HKD 2.151 billion through the Shanghai-Hong Kong Stock Connect and a net purchase of HKD 1.457 billion through the Shenzhen-Hong Kong Stock Connect.
Meituan Phone Meeting: accumulated over 100 million members, Q2 on-demand order growth will return to normal, increasing live broadcasting efforts.
Meituan stated that overseas expansion is an important direction for the long-term growth of Meituan. Meituan Maicai plans to expand to the global market but will remain cautious. At the same time, the company empowers businesses with AI, attracts consumers by issuing a large number of coupons and providing discounts on popular products. In addition, the company is increasing its efforts in live-streaming activities and penetrating lower-tier markets to adapt to the transformation of consumer downgrading. Furthermore, Meituan's emerging businesses, such as bike sharing and power bank rentals, are leading the industry.
Novo Integrated Sciences Shares Surge 70% After Company Secures $78M Funding From HSBC For Acquisition Of Ophir Collection
Novo Integrated Sciences (NASDAQ:NVOS) surged 70.29% in after-hours trading to $0.77 following HSBC's confirmation of a $78 million Standby Letter of Credit.What Happened: Novo Integrated Sciences has
Tencent wants to start the “AI era for all”
The scene of the Yuanbao press conference. Liu Yuhong, vice president of Tencent Cloud and head of Tencent's hybrid model, author | Huang Yu | Zhou Zhiyu is calling for a lot of calls. Tencent, which has taken the leading position in domestic social communication, has finally begun to extend its reach to independent AIGC apps. The battlefield is already full of waves, but no winners have come out yet. On May 30, Tencent announced the official launch of the app “Tencent Yuanbao” based on the mixed-yuan model. Previously, Tencent also built mixed element assistants for the C side, but only the applet and PC side. Yuanbao is considered the first AIGC pure application built by Tencent for the C side. Vice President of Tencent Cloud, Teng
Beishui Trends | Beishui Trading's net purchase of 4.401 billion domestic bank stocks and petroleum stocks were sought after by domestic investors, and Yingfu Fund (02800) was sold off again
The Zhitong Finance App learned that on May 30, the Hong Kong Stock Exchange had a net purchase of HK$4.401 billion, of which Hong Kong Stock Connect (Shanghai) had a net purchase of HK$2,063 billion and the Hong Kong Stock Connect (Shenzhen) transaction made a net purchase of HK$2,338 billion. The individual stocks that Beishui Net bought the most were Tencent (00700), Industrial and Commercial Bank (01398), and Bank of China (03988). The most sold individual stock by Beishui Net was Yingfu Fund (02800). Hong Kong Stock Connect (Shanghai) active trading stock Hong Kong Stock Connect (Shenzhen) active trading stock Tencent (00700) received a net purchase of HK$833 million. According to the news, UBS released research