Express News | Seven third-party platforms involved in railway ticket sales, including Trip.com and Meituan, were summoned for talks.

BreakingsJun 11 17:01

Dazhong Dianping is increasing its investment in building a genuine content ecosystem and intensifying governance of AI-generated content (AIGC) reviews.

Gelonghui, June 11 | Dianping announced it will increase investment in fostering an authentic content ecosystem. According to reports, the platform will offer greater incentives to users who are willing to share and document their lives sincerely. Simultaneously, Dianping will upgrade its AIGC review governance agent to more efficiently identify and remove low-quality, AI-generated reviews. A spokesperson for Dianping stated that this initiative aims to leverage new technologies in the AI era to continuously build a community grounded in sincerity and mutual trust, thereby providing more users with genuine and helpful decision-making information.

Gelonghui FinanceJun 11 21:55

Express News | According to information disclosed by the Hong Kong Exchange, BlackRock's stake in Meituan-WH shares increased from 5.97% to 6.10% on June 5.

BreakingsJun 11 17:17

Meituan Stock Sheds 1.1% in Hong Kong

Dow JonesJun 11 16:33

Express News | Meituan, Taobao Flash Delivery, and JD.com Food Delivery jointly signed an agreement to establish a shared "blacklist" mechanism.

BreakingsJun 11 13:57

Goldman Sachs: Meituan's (03690.HK) food delivery segment profitability is recovering and may reach breakeven as early as next quarter.

Goldman Sachs published a report stating that the profit recovery outlook for Meituan's (03690.HK) food delivery business has become clearer. First-quarter results showed that its unit economics have widened compared to its second-largest competitor. The firm now forecasts Meituan’s core local commerce revenue to grow 5% year-over-year in the second quarter, with core local commerce EBIT expected to reach RMB 3.1 billion—both figures surpassing prior estimates. Goldman Sachs has raised its long-term per-order profit forecast for Meituan’s food delivery segment to RMB 1 and expects breakeven to be achieved as early as next quarter. It maintains a 'Buy' rating on the stock and raised its price target from HKD 112 to HKD 116. Goldman Sachs also revised Meituan’s projected adjusted net loss for 2026

AASTOCKSJun 11 12:04