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Express News | Yonghui Superstores establishes Dingding Cat Supermarket in Zhengzhou, planning to strengthen cooperation with Meituan Maoyan Supermarket.
Credit rating from Credit Suisse: Lyon raises Meituan's target price to 225 Hong Kong dollars, expecting a significant year-on-year increase of 141% in adjusted EBIT in the third quarter.
November 11th, Glory ｜ Lyon released a report, estimating that Meituan's third-quarter total revenue will increase steadily by 20% year-on-year to 91.8 billion yuan, with adjusted Ebit rising by 141% to 12 billion yuan compared to the same period last year. Due to the increase in orders, food delivery revenue is expected to grow by 14% annually, while revenue from dining in, hotels, and tourism may grow by 23% annually, mainly due to the increase in total transaction volume. The bank expects that Meituan's third-quarter core business adjusted EBIT will increase by 37% to 13.8 billion yuan compared to the same period last year, with a record high profit margin for food delivery and a rebound in in-store profit margin. Losses in new business may narrow by 65% annually to 18 billion.
Meituan reportedly invested 30 million US dollars to establish a technology company in Yancheng to accelerate the layout of AI and internet of things (iot).
According to domestic media reports, Meituan (03690.HK) subsidiary Xigua Limited has invested 30 million US dollars to establish Yancheng Haikai Technology Co., Ltd., with Sun Keqing as the legal representative. The company focuses on the research and application of artificial intelligence and internet of things (IoT) technology, covering various areas such as smart robots, IoT technology services, and basic software development, demonstrating Meituan's active layout in technological innovation and intelligent transformation.
A glimpse ahead: The Chinese concept stock financial report season has begun! Tencent and Alibaba are the first to release their reports. Who is expected to sound the horn of a new round of "counterattack"?
Starting next week, a new round of financial reporting season for Chinese network technology stocks will officially begin. Star companies such as Tencent, alibaba, and Meituan will release their financial reports one after another. The capital markets once again focus on Chinese concept stocks, can this financial reporting season bring surprises to the market?
Daily Bull and Bear | Unafraid of the weakening of Hong Kong stocks, the Hang Seng Index saw a net inflow of nearly 0.1 billion Hong Kong dollars; zte rose more than 10% against the market, with multiple call options earning twice the profit.
At the close, the market turnover was 204.34 billion Hong Kong dollars, with a total turnover of 16.04 billion Hong Kong dollars for all warrants, bull and bear certificates, accounting for 7.8% of the market turnover. Among them, the proportion of long positions is 5.4%, while the proportion of short positions is 2.5%.
Meituan (03690.HK) reportedly spent $0.5 million to establish a new company to expand asia vets robots research and development and other business.
According to the data from Securities Times, the information shows that Fulmin Haiqi Technology Co., Ltd., a wholly-owned subsidiary of Meituan-W (03690.HK) under Xigua Limited, was recently established with Sun Keqing as the legal representative and a registered capital of 0.5 million US dollars. The new company's operations cover the research and development of smart robots and IoT technology, the development of AI application software, and shared bicycle services.
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