MET MAR7 (MET2703) News

Food delivery platforms pivot from cutthroat competition to ethical practices; three major platforms to first implement "red-light pause timers" in Beijing

Gelong Hui, August 13 – According to China Central Television (CCTV), the second consultative dialogue on promoting ethical practices and curbing excessive competition in the platform economy was held in Beijing. The market regulation authorities in Beijing and Shanghai organized consultations involving three food delivery platforms and their riders to optimize algorithms for delivery personnel. Experts, scholars, and deputies to the National People's Congress were also invited to discuss optimization measures aimed at better protecting the legitimate rights and interests of delivery riders and shifting the industry from a “race for speed” to “competition on quality.” A series of measures were introduced focusing on three areas: algorithm assessment and optimization, strengthened management and guidance, and normalized consultative co-governance.

Gelonghui Finance12:02

Express News | Meituan's "Stop Timer at Red Lights" feature for riders has begun pilot road testing in Beijing.

On August 13, Meituan (03690.HK) launched the first official version of its "Stop Timer at Red Lights" feature for food delivery riders in Beijing, with pilot areas commencing road tests. It is reported that in the first half of this year, Meituan's delivery safety technology team conducted internal product testing on selected roads in Beijing and developed a prototype, providing a model for pilot implementations nationwide. Pilot road tests are currently underway on selected roads in Beijing's Chaoyang District, Tongzhou District, and the Beijing Economic-Technological Development Area, which were among the first to integrate traffic data. In Beijing, the time food delivery riders spend waiting at red lights will gradually be calculated cumulatively and excluded from delivery time calculations. Meituan revealed that more than 20 other cities are also under evaluation, and the feature will be rolled out sequentially in cities that meet the necessary conditions. (36Kr)

Breakings11:41

Zhitong Southbound Trading Active Transactions | August 12

Active Trading in Stock Connect (Hong Kong) | August 12, 2026

Zhitong FinanceAug 12 19:00

Capital Flows | Southbound capital offloads over HK$1.4 billion of Alibaba shares, adds to MINIMAX holdings for five consecutive days!

Track the latest developments of southbound capital flows

Gelonghui FinanceAug 12 18:08

Meituan Stock Slips 1.5% in Hong Kong

This article was automatically generated by Dow Jones using technology from Automated Insights. Shares of Meituan slipped 1.5% to 91.65 Hong Kong dollars on what proved to be an all-around poor

Dow JonesAug 12 16:33

Express News | Meituan's Wang Puzhong: Not Opening Offline Pharmacies, Committed to Being a Small AI Assistant for Pharmaceutical Retailers' Digital Transformation

On August 12, Wang Puzhong, CEO of Meituan’s Core Local Commerce segment, stated in a speech at the CPHI event that enterprise AI transformation is a systematic endeavor encompassing business design, organizational change, and technology implementation. Meituan aims to serve as a small AI assistant for industry partners by opening up its AI business experts, CatPaw capabilities, and workflow transformation methodology to the pharmaceutical sector. Wang revealed that Meituan’s first batch of AI business experts has already been deployed at companies such as Shuyu Pingmin and Kefu, and are now officially available to the broader industry. Additionally, Meituan’s all-scenario AI Agent platform, CatPaw, will commence pilot programs with pharmaceutical retailers. Leveraging a partner ecosystem comprising 250,000 pharmacies and nearly 500 pharmaceutical manufacturers, Meituan is building new infrastructure for the AI era of pharmaceutical retail. (Jiemian)

BreakingsAug 12 13:10

Hong Kong Market Midday Review | All three major indices fell by more than 1%, with tech and internet stocks declining—Alibaba dropped over 3% and Tencent fell nearly 3%. Semiconductor stocks gained strength, with Hua Hong Hongli rising over 7%. MINIMAX s

Tech and internet stocks broadly declined, with NetEase down 3.50% and Alibaba Group Holding down 3.24%; mobile gaming stocks fell, with Bilibili down 3.69% and NetEase down 3.50%; most sporting goods stocks declined, though Eagle Nice rose 9.45%, while Anta Sports dropped 3.62%;

Futu NewsAug 12 12:12

Meituan (03690.HK) has entered into a joint membership partnership with InterContinental Hotels Group (IHG.US).

Meituan-W (03690.HK) announced that Meituan Hotels, its hotel division, has entered into a partnership with InterContinental Hotels Group (IHG.US). The two parties will launch co-branded membership benefits, integrating resources across accommodation and local lifestyle services to establish a deeper connection between high-end hotels and high-net-worth users. Meituan noted that InterContinental Hotels Group has achieved double-digit year-over-year growth on the Meituan platform for three consecutive years. Data shows this growth primarily stems from acquiring high-value users and a continuous influx of younger customers. Nearly 70% of Meituan’s Platinum-tier and above members are under 35 years old, and Black Diamond members book hotels 2.2 times more frequently than other members, with an average daily rate (ADR) for accommodations higher than that of other

AASTOCKSAug 12 09:46

Express News | Shanghai: Support software enterprises in widely adopting Coding platforms

The Shanghai Municipal Commission of Economy and Informatization has issued the '15th Five-Year Plan for the Development of Shanghai’s Software and Information Services Industry.' It states that efforts will be made to advance the AI-enabled transformation of software products, accelerate intelligent upgrades in high-value scenarios such as industrial drafting, engineering design, and production scheduling, and enhance the intelligent perception, analysis, decision-making, and execution capabilities of software products. The plan also promotes intelligent technological transformation among software enterprises, supports their widespread adoption of Coding platforms, and aims to establish end-to-end, fully integrated intelligent R&D production lines. It further explores including expenditures on tokens, data governance, large model deployment, and retraining within the scope of eligible investments for enterprise technological transformation support.

BreakingsAug 11 17:00

PDD Holdings (PDD.US) launches 'Next-Day Delivery' service, entering the core segment of instant retail.

PDD Holdings (PDD.US) has launched a top-tier core entry point within its app labeled “Fastest Delivery Tomorrow,” covering high-frequency, essential categories such as fresh produce and daily necessities. This move signifies PDD Holdings’ direct entry into the on-demand retail core segment currently dominated by Meituan-W (03690.HK) and JD.com-SW (09618.HK). According to reports, unlike the previous approach—where the “Delivery Tomorrow” tag was dynamically displayed by algorithms only on product detail pages and search results—PDD Holdings has now elevated this service to a prime navigation slot on its homepage, placing it alongside the “Billion-Dollar Subsidy” program. Products accessible through the “Fastest Delivery Tomorrow” entry currently carry explicit time-bound delivery commitment labels.

AASTOCKSAug 11 12:31

Hong Kong Market Midday Commentary | All three major indices declined, with the Hang Seng Tech Index down 1.27%; tech and internet stocks fell, with Kuaishou and JD.com each dropping nearly 3%; biotech stocks rose, as GenScript Biotech surged over 8% and

Tech and internet stocks broadly declined, with Kuaishou-W down 2.80% and JD.com-SW falling 2.76%; gold mining stocks were mostly lower, with Zijin Mining dropping 3.51% and China Gold International down 2.55%; oil stocks rose across the board, with CNOOC up 3.76% and PetroChina advancing 2.04%.

Futu NewsAug 11 12:10

CICC: How much momentum does the rebound have left?

The bank observed left-tail signals in the Hong Kong equity market across multiple dimensions—including valuation, sentiment, and positioning—clearly indicating favorable risk-reward asymmetry and left-tail allocation value, particularly for absolute-return investors.

Zhitong FinanceAug 11 07:58

Franchise Operators Struggle as Meituan and Alibaba Densify Instant Neighborhood Depots

Individual investors pour savings into tight-knit networks of rapid-delivery stores that major platforms need for urban dominance, only to confront oversaturation, thin margins, and the steady pressure of daily survival.

TMTPost NewsAug 11 07:05

Industrial Securities: Who Is Buying Hong Kong Stocks?

Among the four categories of capital flows, southbound capital has been the primary driver increasing positions in Hong Kong-listed equities since July, while foreign capital began returning significantly from mid-July.

Zhitong FinanceAug 10 21:07

Goldman Sachs previews Chinese internet giants' second-quarter earnings: Focus on cloud growth and AI-related capital expenditures; sector outlook remains constructive

Following their second-quarter earnings, shares of major U.S. cloud service providers reacted positively. After recent adjustments in Chinese internet stocks, the sector’s outlook is constructive, with sub-sector preferences ranked as follows: cloud and data centers (GDS Holdings, 21Vianet, Alibaba, Kingsoft Cloud), gaming and entertainment, e-commerce and mobility, and artificial intelligence models.

Zhitong FinanceAug 10 17:09

AI's 'Windows moment': Hong Kong-listed internet stocks may present a strategic allocation window

Western Securities believes that AI is currently at a critical juncture, transitioning from a 'command-line interface (CLI)' to a 'graphical user interface (GUI).' Due to persistently high hardware costs and insufficient workflow integration, total factor productivity has not yet seen widespread improvement, but China is poised to achieve a breakthrough by leveraging its engineering talent dividend.

wallstreetcnAug 10 16:44

Meituan Stock Advances 1.8% in Hong Kong

This article was automatically generated by Dow Jones using technology from Automated Insights. Shares of Meituan rose 1.8% to 93.90 Hong Kong dollars on what proved to be an all-around positive

Dow JonesAug 10 16:32

Express News | National Development and Reform Commission, National Energy Administration: Deepen Implementation of the "Artificial Intelligence Plus" Initiative and Strengthen Data Aggregation for Artificial Intelligence in the Coal Sector

The National Development and Reform Commission and the National Energy Administration have issued the "15th Five-Year Plan for Coal Industry Development." The document states that efforts should be accelerated to apply artificial intelligence (AI) in specific scenarios, deepen the implementation of the "Artificial Intelligence Plus" initiative, strengthen AI data aggregation in the coal sector, and systematically promote AI applications in key areas such as exploration and design, construction and production, operation and maintenance, and safety management. It calls for expediting the development and deployment of domain-specific large AI models for the coal industry, with a focus on overcoming critical technological bottlenecks in intelligent perception, autonomous decision-making, and intelligent control. A batch of pilot coal mines integrating AI applications will be cultivated and established to enhance coal mine safety and production standards. Comprehensive intelligent transformation will be vigorously implemented in mines prone to severe disasters or those that have experienced major or above-level accidents, and robotic systems will be deployed to replace human labor in hazardous and physically demanding positions.

BreakingsAug 10 16:10

《Major Brokerage》Goldman Sachs: Outlook on Chinese Internet Giants’ Q2 Earnings—Focus on Cloud Growth and AI-Related Capital Expenditure; Raises Meituan (03690.HK) Target Price

Goldman Sachs released a report on China’s internet sector, outlining its outlook for major internet companies ahead of their upcoming second-quarter earnings announcements. Key themes expected to feature prominently include cloud growth as a bright spot, upward revisions to full-year capital expenditure guidance, an inflection point in profitability for transaction platforms, and increased market focus on sum-of-the-parts valuation methodologies. The firm raised its target price for Meituan (03690.HK) from HK$116 to HK$123, maintaining a 'Buy' rating. Goldman Sachs expects Tencent (00700.HK) to report earnings on August 12, forecasting second-quarter revenue growth of 9% year-over-year and adjusted EBITDA rising 9% year-over-year to RMB 75.2 billion. Key areas of focus include artificial intelligence-related capital

AASTOCKSAug 10 12:20

Wang Puzhong: Meituan (03690.HK) is collaborating with industry partners to build a '15-minute healthcare service circle' and has also begun making investment布局 in the field of embodied intelligence.

Wang Puzhong, CEO of Meituan-W’s (03690.HK) Core Local Commerce segment, recently stated that the company will anchor itself in its role as a connector of medical resources and work with industry partners to jointly build a “15-minute healthcare service circle.” Historically, the development of this “15-minute healthcare service circle” has primarily focused on infrastructure; however, physical infrastructure always has its limits. In the healthcare sector, Meituan has consistently played the role of a connector—leveraging its digital capabilities and AI technologies to enable more efficient delivery of medical resources to those in need, ensuring services are visible, rapidly accessible, and effectively utilized. He revealed that Meituan has built an extensive localized supply and fulfillment network, integrating "

AASTOCKSAug 10 10:42