The competition among food delivery platforms has shifted to the battle for delivery capacity: JD.com, Meituan, and Ele.me are all optimizing the treatment of their riders.

① Analysts point out that the current "rider benefits" are still limited and incomplete, and essentially reflect the platform's balancing act between policy, costs, and operational stability. ② Meituan's first pilot program has started in Quanzhou, Fujian, and Nantong, Jiangsu, open to all riders in the region, and will gradually cover the entire country.

cls.cnApr 28 22:12

The net Inflow of the TRACKER FUND OF HONG KONG through the Stock Connect is 2.043 billion Hong Kong dollars.

The net Inflow of northbound capital to TRACKER FUND OF HONG KONG (02800.HK), AKESO (09926.HK), and Meituan (03690.HK) reached 2.043 billion HKD, 0.779 billion HKD, and 0.557 billion HKD respectively. The net Outflow from northbound capital for Alibaba (09988.HK), Tencent (00700.HK), and Xiaomi Group (01810.HK) reached 1.425 billion HKD, 0.597 billion HKD, and 0.257 billion HKD respectively. The highest net Inflow of funds through SH->HK Connect for active stocks was for AKESO (09926.HK) at 1.138 billion HKD, while the highest

AASTOCKSApr 28 18:25

Express News | Henan will issue the 2025 "Shop Henan" cultural tourism and Lodging consumer vouchers.

BreakingsApr 28 17:02

Port City Quick Look | The three major Indexes showed mixed results, with the Tech Index rising by 0.12%; Consumer stocks were strong throughout the day, with Gu Ming increasing by over 11%, and POP MART rising by over 12%, continuing to hit new highs.

Network Technology stocks weakened, JD-SW rose by 2.18%, NTES-S dropped by 0.85%; Lithium Battery stocks weakened, BYD Electronics fell by 8.49%, BYD Co. Ltd. decreased by 3.98%; Auto stocks declined, Guangzhou Automobile Group fell by 4.83%, BYD Co. Ltd. dropped by 3.98%.

Futu NewsApr 28 16:29

Citigroup in "Major Firms": Meituan (03690.HK) may increase subsidies to respond to competition from JD.com (09618.HK) and lowers the Target Price to 204 yuan.

Citigroup indicated that despite expectations for Meituan (03690.HK) to meet the bank and market forecasts for its first quarter performance, the focus of the quarterly results will be on the growth of food delivery volumes, average order value, gross transaction amount, revenue, rider costs, and the impact of unit economics for the second quarter and the entire year. It believes that JD.com (09618.HK) initial sales in food delivery primarily reflect broader user adoption, driven by attractive discounts and subsidies, prompting users to increase the order frequency of drinks, snacks, and meals, which may have a limited short-term impact on Meituan’s food delivery sales, given the intensity of discounts, attractive rider compensation, and waiving merchant commissions may force Meituan.

AASTOCKSApr 28 15:59

Citibank has lowered JD.com (JD.US) Target Price to $51 and revised down its earnings forecast reflecting losses in the Business.

Citigroup released a research report, indicating that the Order volume of JD.com (JD.US) under JD.com Douyin has doubled from 5 million to 10 million within 10 days, showing JD.com's proactive attitude in the delivery Business. However, in the past week and month, the stock prices of JD.com and MEITUAN-W (03690.HK) have cumulatively dropped by 6.3% and 6.5%, as well as 22% and 20.2%, reflecting investor concerns about the impact on profitability. The report believes that JD.com may have already planned to respond and counter the threat of MEITUAN's flash purchase to JD.com’s core Retail Trade Business by hiring former MEITUAN senior vice president Guo Qing, perhaps as early as the beginning of 2024. The report pointed out that, although...

AASTOCKSApr 28 15:33