Meituan launches 'one-shot verification,' publicly displaying real-time footage of restaurant kitchens and dine-in areas for food delivery merchants.
Sina Technology News, July 17 evening — It has been reported that starting July 16, Meituan Waimai began publicly displaying to consumers videos submitted by merchants for store verification, such as 'single-take' authenticity checks and dine-in restaurant certifications, within the merchants’ food safety profiles. These videos are continuous and unedited, offering clear, real-time views of the stores. Nearly 1.2 million takeaway merchants nationwide have already uploaded and displayed such videos to customers. Meanwhile, all Meituan delivery riders across the country can now report food safety concerns directly via the rider app during deliveries or participate in the platform’s merchant food safety inspections to receive special incentives. Additionally, according to Meituan, as of July 1, a total of 2.74 million merchants nationwide have already completed...
Fund Flows | Southbound capital recorded a net outflow of HK$1.457 billion from Hong Kong-listed stocks, reducing positions in Alibaba, Meituan, and Huahong Hongli.
Track the latest developments of southbound capital flows.
Zhito Hong Kong Stock Connect Active Trading | July 17
Stock Connect Active Trading | July 17, 2026
Macquarie Upgrades Meituan to Outperform From Neutral; Price Target Is HK$113
Alibaba saw a net outflow of HK$2.451 billion via Stock Connect.
Southbound capital recorded a net inflow of HK$322 million into Xiaomi Group (01810.HK). Net outflows from Alibaba (09988.HK), Meituan (03690.HK), and Huahong Hongli (01347.HK) amounted to HK$24.51 billion, HK$20.36 billion, and HK$19.39 billion, respectively. Under the Shanghai-Hong Kong Stock Connect, the most actively traded stock with the highest net inflow was Zhipu AI (02513.HK) at HK$11.3 billion, while Meituan (03690.HK) saw the largest net outflow of HK$9.66 billion. Under the Shenzhen-Hong Kong Stock Connect, the most actively traded stock with the highest net inflow was Tracker Fund of Hong Kong.
Express News | Southbound funds recorded net sales of over HK$1.4 billion today, with Alibaba among the top stocks sold.
Express News | Southbound funds recorded a net selling of RMB 1.457 billion today. Via Shanghai-Hong Kong Stock Connect, Meituan-W and Alibaba-W registered net sellings of HKD 966 million and HKD 962 million, respectively; Zhipu AI topped net purchases with HKD 11.3 bil
Meituan Stock Sheds 4.1% in Hong Kong
Hong Kong Market Midday Review | All three major indices declined, with the Hang Seng Tech Index down over 4%; AI application and memory stocks fell collectively, with Zhipu AI plunging nearly 22%, MiniMax dropping close to 14%, and CSOP Daily Leveraged 2
Tech and internet stocks declined, with Meituan-W falling 6.08% and Kuaishou-W dropping 5.80%; semiconductor stocks weakened, with Innoscience falling 10.17% and GigaDevice declining 8.67%; pharmaceutical stocks fell, with Insilico Intelligence down 12.12% and 3SBio dropping 10.61%;
Meituan's Wang PuZhong: Delivery riders are becoming a professional force with greater dignity
Sina Tech News, July 17 (morning): On July 16, the 9th Meituan Rider Day Annual Honors Ceremony was held in Beijing. In his speech, Wang Puzhong, CEO of Meituan’s Core Local Commerce, stated that delivery riders are becoming a more respected professional force. Meituan will continue to invest in ensuring stable incomes, enhancing rights protection, and improving fairness in order allocation, so that riders’ hard work earns respect and their livelihoods are secure. Together with riders, Meituan aims to foster better development of the on-demand delivery industry, deliver superior experiences for consumers, and contribute greater value to society. During the event, Meituan recognized outstanding riders for exemplary performance in areas such as compliance with traffic regulations, acts of bravery, and consistent order fulfillment.
World's third most powerful, with 'fable-level immersion'! Kimi K3 with 2.8 trillion parameters sets a new open-source record
In evaluations, Kimi K3's overall intelligence level is close to that of the world's leading closed-source models. According to GDPval-AA v2 data on knowledge work benchmarks, Kimi K3 scored higher than Claude Opus 4.8 Max, ranking just behind Claude Fable 5 Max and GPT-5.6 Sol Max. Prior to the model's official release under an open-weights license, reports indicated that Moonshot AI internally regarded it as a key product targeting Anthropic's latest flagship model, Claude Opus 4.8.
Hong Kong Market Compass | Tech stocks drive continued rebound; institutions see opportunities in AI-themed equities following adjustments
① With internet stocks driving a sustained rebound, how do institutional investors view the shift in market style? ② Institutions remain optimistic about opportunities in the AI theme following its recent correction—what signals should investors watch for?
Zhitoong Hong Kong Connect Active Trading | July 16
Stock Connect Active Trading | July 16, 2026
Fund Flows | Southbound capital has been accumulating Alibaba for nine consecutive days, while AI hardware stocks faced concentrated selling pressure.
Track the latest developments of southbound capital flows.
Hong Kong Stocks End Higher on Strength in Tech -- Market Talk
Hong Kong Market Midday Commentary | All three major indices rose, with the Hang Seng Tech Index gaining over 3%; tech and internet stocks advanced, Xiaomi and Kuaishou up more than 6%, and Meituan climbing over 5%; new energy vehicle and new consumption
Technology and internet stocks rose across the board, with Xiaomi Group-W up 6.26% and Kuaishou-W up 6.26%; semiconductor stocks declined, with Montage Technology down 17.15% and OmniVision Technologies up 8.35%; gold mining stocks rose uniformly, with Zhufeng Gold up 13.10% and Zijin Mining International up 5.65%;
Hong Kong-listed tech giants may be entering a golden period for 'catch-up gains'! Institutions say portfolio rebalancing is driving the rebound.
① How long can the rally driven by 'capital reallocation' last? ② How do institutional investors view the market outlook ahead?
Meituan-W has granted a total of 13,509,300 award shares.
Meituan-W (03690) announced that on July 15, 2026, the Company granted a total of 13,509,300 award shares in the form of restricted share units under its Post-IPO Share Award Scheme, comprising (i) 13,415,200 award shares granted to certain employee participants of the Group; and (ii) 47,045 award shares granted respectively to Ms. Yang Minde and Mr. Yao Jianhua (as independent non-executive directors of the Board), subject to acceptance and the terms and conditions of the Post-IPO Share Award Scheme.
U.S. stocks edged higher, Chinese ADRs rallied broadly, while the memory storage sector plunged sharply against the market trend.
Gelonghui, July 16 | U.S. June PPI data came in broadly below expectations, confirming the cooling signal from the previous day's CPI report. The probability of a July FOMC rate hike plummeted from 42% to 17%, effectively ruling it out in market pricing. At the close, the Dow rose 0.29%, the Nasdaq gained 0.62%, and the S&P 500 advanced 0.38%, with an intraday trading range of just 0.72%—the narrowest of the year. Goldman Sachs noted that trading volume on the day was 11% below the 10-day average, describing it as "incredibly quiet." Capital rotated en masse from semiconductor winners into the defensive Mag7 stocks. The Mag7 surged strongly, serving as a safe haven for investors that day.
Zhitong HK Connect Active Trading | July 15
Hong Kong Stock Connect Active Trading | July 15, 2026