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Meituan

Hong Kong stocks rise as investors bet on China’s economic rebound, Fed rate cut

by Anas Siddiqui
Hong Kong stocks rise as investors bet on China’s economic rebound, Fed rate cut

Hong Kong stocks gained ahead of trade data that is likely to show more signs of recovery in the Chinese economy, while sentiment was also driven by hopes the US …

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Chinese food delivery giant Meituan beats estimates to post 25% quarterly revenue increase

by Anas Siddiqui
Chinese food delivery giant Meituan beats estimates to post 25% quarterly revenue increase

Meituan, China’s biggest on-demand services provider, on Thursday reported a higher-than-expected 25 per cent year-on-year increase in first-quarter revenue, boosted by gains from its core local commerce operations led by …

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Hong Kong stocks extend gains for a third day amid hopes of US interest-rate cuts on weak jobs data

by Anas Siddiqui
Hong Kong stocks extend gains for a third day amid hopes of US interest-rate cuts on weak jobs data

Hong Kong stocks extend gains for a third day amid hopes of US interest-rate cuts on weak jobs data Hong Kong stocks’ rose for a third day amid investors’ expectations …

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Hong Kong stocks rise fueled by bets of stability in China property, growing US rate cut hopes

by Anas Siddiqui
Hong Kong stocks rise fueled by bets of stability in China property, growing US rate cut hopes

Hong Kong stocks gained, bucking the broader downtrend in the region, as investors remained confident about China’s economic recovery and the probability of a soft landing in its crisis-hit property …

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Alibaba, JD.com convertible bond sales may spur other Chinese internet giants

by Anas Siddiqui
Alibaba, JD.com convertible bond sales may spur other Chinese internet giants

More Chinese technology companies might turn to convertible bonds after Alibaba Group Holding and JD.com raised a combined US$6.5 billion through such notes. Alibaba sold US$4.5 billion in debt that …

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Meituan’s KeeTa app leads Hong Kong’s food delivery market by order volume in March quarter, surpassing rival Foodpanda

by Anas Siddiqui
Meituan’s KeeTa app leads Hong Kong’s food delivery market by order volume in March quarter, surpassing rival Foodpanda

The latest milestone achieved by KeeTa shows how Meituan’s first foray outside mainland China has started to pay off, as the company last year saw local consumption recover in its …

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ByteDance details dozens of internal misconduct cases from bribery and data leaks to using company funds for personal expenses

by Anas Siddiqui
ByteDance details dozens of internal misconduct cases from bribery and data leaks to using company funds for personal expenses

ByteDance, owner of hit short-video app TikTok and its Chinese sibling Douyin, has internally disclosed 61 misconduct cases involving employees who were fired or charged by authorities for accepting bribes, …

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Chinese food-delivery giant Meituan to debut in Saudi Arabia’s capital Riyadh as international expansion quickens

by Walter Watson
Chinese food-delivery giant Meituan to debut in Saudi Arabia’s capital Riyadh as international expansion quickens

The company’s foray into Riyadh will pit Meituan against local rivals including Jahez International Co, Delivery Hero’s Talabat and HungerStation and Uber Technologies-backed Careem. The move comes as Saudi Arabia, …

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Hong Kong stocks tumble as Middle East conflict reports batter sentiment, investors seek havens

by Anas Siddiqui
Hong Kong stocks tumble as Middle East conflict reports batter sentiment, investors seek havens

Hong Kong stocks struck two-month low as investors were rattled by reports of Israeli missiles hitting Iran, and the heightened Middle East tensions triggered a scramble for safe haven assets. …

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Hong Kong stocks edge up, driven by gains in insurers and casino operators

by Anas Siddiqui
Hong Kong stocks edge up, driven by gains in insurers and casino operators

Hong Kong stocks rose after a rally in heavyweight insurers and casino operators boosted the benchmark, lifting it off a five-week low. The Hang Seng Index jumped 1.1 per cent …

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