Delivery Hero Shares Slump After Report That Meituan Plans Saudi Launch

By Helena Smolak Delivery Hero's shares slumped after Bloomberg reported that China's Meituan is set to debut in Saudi Arabia with its app KeeTa, a move analysts view as a competitive threat to the G

WSJApr 26 11:09 ET

North and South Water | Rare! Nanshui Net bought 22.4 billion A shares, bucking the trend and reducing bank stock positions; Beishui continued to increase its holdings at the Bank of China and the Hong Kong Stock Exchange

Northbound's net purchase of A-shares was $22.4 billion, and Southbound's net purchase of Hong Kong shares was HK$1,174 billion.

Gelonghui FinanceApr 26 06:10 ET

Illustration丨Southbound Capital increased Bank of China positions for 7 consecutive days and reduced positions with Meituan for 4 consecutive days

Southwest Capital made net purchases of HK$1,174 billion in Hong Kong stocks today, including net purchases of Bank of China at $888 million, Kuaishou at $500 million, and HKEx at $116 million; net sales of Meituan at $760 million, HSBC Holdings at $344 million, and CNOOC at $167 million. According to statistics, Southbound Capital has increased its holdings with the Bank of China for 7 consecutive days, totaling HK$5,235.13 billion; and on the Hong Kong Stock Exchange for 4 consecutive days, totaling HK$1,6514.6 billion. Southbound Capital has reduced HSBC Holdings positions for 5 consecutive days, totaling HK$2,2613.8 billion; for 4 consecutive days, Meituan's positions have been reduced to a total of HK$3,578.68 billion.

Gelonghui FinanceApr 26 05:50 ET

The “beef flavor” of Hong Kong stocks is getting stronger! The Hang Seng Index surged this week to welcome its strongest weekly performance in 12 years

The Zhitong Finance App learned that Hong Kong stocks can be described as having experienced a week that shocked the world. The Hang Seng Index is expected to have the best trend performance since 2011. The Hang Seng Index, the benchmark index for the Hong Kong stock market, can be described as having risen sharply since this week. It is expected to achieve a weekly increase of close to 10% at the close of Friday, accompanied by a sharp increase in trading volume and strong momentum. It was mainly stimulated by optimism brought about by strong profits from US tech giants such as Microsoft and Google, as well as a series of favorable news in the Chinese market, including the approval of Tencent games, the extension of Chinese developers' bonds, and the relaxation of Shanghai by the China Securities Regulatory Commission

Zhitong FinanceApr 26 03:47 ET

[Hong Kong Stock Connect] Meituan (03690): May Day Cultural Tourism Reservations Increased by Over 190%

Jinwu Financial News | On April 26, according to data from Meituan (03690), as of April 24, the number of cultural tourism reservations (including scenic spots, accommodation, transportation, etc.) for the May Day holiday increased by more than 190%. Beijing, Shanghai, Chengdu, Chongqing, Xi'an, Changsha, Guangzhou, Wuhan, Nanjing, and Qingdao were the top 10 most popular destinations in the country. In addition to traditional tourist cities continuing to be popular, long-distance travel such as round-trip and outbound tours are popular, while taste buds, travel photography, and finding niche destinations continue to be popular, becoming a popular trend in May Day travel this year.

金吾財訊Apr 26 01:25 ET

[Hong Kong Stock Connect] Meituan (03690) plans to launch its international takeout platform in Saudi Arabia's capital Riyadh

Jin Wu Financial News | According to reports, Meituan (03690) plans to launch its international takeout platform in the Saudi capital Riyadh. At a time when growth in the mainland market is slowing, this will be the company's first step outside of Greater China. People familiar with the matter said that Meituan is committed to launching its KeeTA app in the Middle East, and Riyadh will be the first stop. Meituan Exploration has been entering the Middle East market for several months, and is likely to launch as early as the next few months.

金吾財訊Apr 26 01:06 ET