TOPIC

/ company

Meituan

Meituan is the largest on-demand delivery-service provider in China by revenue. Its Meituan app is most commonly known for food delivery, but also provides shopping, film tickets, hotel and travel bookings, restaurant reviews, group discounts and bicycle rentals. As of 2022, the company had 6.24 million delivery riders and over 9.3 million merchants.

Chairman / President

Wang Xing

CEO / Managing Director

Wang Xing

CFO / Finance Director

Chen Shaohui

Industry

E-commerce

Website

meituan.com

Headquarters address

No. 4 Wangjing East Road, Chaoyang District, Beijing, China

Stock Code

SEHK:3690

Year founded

2010

Hong Kong’s local-currency bond issuance volume reached a record HK$613 billion in 2025, up nearly 41 per cent from a year earlier. Photo: Shutterstock

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The Exchange Square in Central. Photo: Jelly Tse

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China’s state broadcaster CCTV has faced a backlash over a short film produced with delivery giant Meituan that depicted food delivery work as a path to freedom and dreams. Photo: CCTV

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ByteDance is the leading recruiter of tech talent in mainland China this year. Photo: AFP/Getty Images/TNS

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The Hang Seng Index swings between gains and losses on Monday. Photo: China News Service

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Hefty subsidies on milk tea and lunchboxes are driving Meituan from profit to loss. Photo: Shutterstock

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A view of Exchange Square in Central on January 9, 2025. Photo: Jelly Tse

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In response to the Competition Commission’s concerns, Keeta, the Hong Kong arm of Chinese food delivery service giant Meituan, has promised to amend its terms and conditions for partnering restaurants as the first step in making changes. Photo: handout

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Meituan

Hong Kong dollar and yuan bonds forecast to sustain record growth in 2026

Issuers and investors flock to Hong Kong dollar and yuan bonds, backed by deep liquidity and diverse yield curves.

Hong Kong stocks advance as investors turn to China amid Middle East uncertainty

Chinese chain Qdama, known for its night discounts, plans Hong Kong IPO

Hong Kong stocks rise on tech, health as mainland China turnover hits record

Alibaba Health soars over paediatric drug deal as trading volume on Shanghai and Shenzhen exchanges tops US$513 billion.

Price wars in China

Intense price competition in China, known as “neijuan” or involution, is causing deflationary risks, corporate losses, reduced investments and wage pressure.

Hong Kong stocks hit 7-week high as investors diversify into Chinese tech names

Investors also boost wagers that Beijing will ramp up policy support to prop up economic growth in 2026.

China food delivery platform names Jay Chou as brand ambassador, backed by lookalikes

Group of imitators including a wedding singer and pancake vendor strike internet gold by donning delivery driver uniforms; get 140 million likes.

.css-1m2rp1p{color:#34b8b5;}Opinion | Protection of vulnerable workers must be part of China’s AI strategy

Unemployment and underemployment are a double whammy that the Chinese leadership cannot ignore.

Alibaba ramps up China instant commerce push with Cainiao and Tmall tie-up

Partnership designed to expand warehouse network and boost Taobao Shangou’s rapid service as rivals Meituan and JD.com scale up facilities.

China CCTV removes short film that ‘romanticises’ food delivery work after backlash

‘Fairy tale’ video which says often dangerous job with long hours brings workers ‘closer to their dreams’ is branded ‘disgusting’ by critics.

ByteDance dominates China’s tech hiring as AI talent demand surges

ByteDance tops rivals Meituan and Alibaba in recruitments this year, according to professional social networking platform Maimai.

Apple takes China’s smartphone battle house to house with 3-hour iPhone delivery

Apple is ramping up the fight for the Chinese market as rivals Huawei and Xiaomi pile on the pressure.

Power and data centres will put China ahead of US in the AI race, says investor

AI is now a race to build data centres and secure electricity, says investor Allen Zhu, who argues China’s energy push puts it ahead.

Hong Kong stocks end higher as China stimulus hopes spark property rally

Market sentiment buoyed by China homebuyer loan support talk and Vanke debt progress.

Hong Kong stocks retreat as Fed decision looms and investors await China signals

Hang Seng Index falls 1.2 per cent as traders weigh US Federal Reserve rate cuts and Beijing’s 2026 policy priorities.

Why China sees Brazil as ‘last untapped blue ocean market’ for investment boom

Chinese investment in Brazil is soaring as firms eye the vast potential growth in South America’s ‘blue ocean market’.

.css-sioo19{color:#c79a00;}Explainer | As China’s companies become industry leaders, where in the world are they going?

Across numerous sectors, China’s firms are setting up shop worldwide – and gaining ground on their well-entrenched competitors.

Meituan swings into loss in ‘milk tea’ subsidy war with instant commerce rivals

Hefty subsidies on milk tea and lunchboxes drive Meituan from profit to loss, underscoring the ferocity of the war to reshape food delivery.

Hong Kong stocks end 4-day rising streak as investors seek fresh catalysts

Benchmark records second straight monthly decline as investors ‘pivot to muted risk appetite’ amid ‘a period of policy vacuum’, analyst says.

Hong Kong stocks post longest win streak in 2 weeks

US consumer confidence dropped and retail sales remained sluggish, increasing bets on a US interest-rate cut at the Fed’s December meeting.

Hong Kong stocks rebound as investors await Alibaba earnings, US data

Panic spurred by sell-offs in bitcoin and tech stocks subsided on reports of Fed easing and possible sales of Nvidia AI chips to China.

Editorial | Keeta’s fair play pledge will in the end benefit Hong Kong consumers

Credit also goes to the Competition Commission for leaning on the company to help create a more level playing field for all participants.

JD.com steps up on-demand local services battle with food app and review platform

The e-commerce giant is betting on food delivery and an anti-fake review platform to sharpen its challenge to leaders Meituan and Alibaba.

Hong Kong stock decline deepens on AI valuation concerns, Fed rate outlook

The Hong Kong stock benchmark’s 1.7 per cent slump on Tuesday was its biggest since October 31.

China targets AI-powered price manipulation in new antitrust guidelines

Market regulator SAMR outlines risks of collusion, unfair subsidies and walled gardens in online platforms.

Hong Kong stocks fall as US data delay, Fed policy uncertainty hit sentiment

The US government will release nonfarm payrolls for September on Thursday, the first data since the 43-day shutdown.

Hong Kong stocks slide on soft China economic data, fading US rate cut bets

China’s October data points to a further slowdown this quarter, while a cloudy US rate cut outlook and frothy valuations dent sentiment.

Cheaper meals on the menu after delivery firm Keeta vows fair play in Hong Kong

Restaurant operators say lower commissions and fewer restrictions by food delivery platform will help them lower prices and boost business.

Opinion | Protection of vulnerable workers must be part of China’s AI strategy

Explainer | As China’s companies become industry leaders, where in the world are they going?