Freshly Made Beverage Companies Set to Gain as Food-Delivery Competition Heats Up in China -- Market Talk

WSJMay 2 05:13 ET

Express News | U.S.-listed Chinese stocks surge in overnight trading, with Alibaba up over 4%.

Moomoo 24/7May 1 22:49 ET

The food delivery battle has reached a fever pitch: Ele.me joins the fight with over 10 billion in subsidies. Who will be the big winner?

On the last day of April, when Meituan and JD.com were fiercely competing in the food delivery battle, Eleme also launched its killer move of delivery subsidies—initiating the "Eleme Subsidy of over 10 billion" delivery subsidy plan. This seemingly sudden escalation is actually a signal that the competition among delivery platforms has entered a new phase. From JD.com's high-profile entry into the food delivery platform at the beginning of the year to Meituan's announcement of creating a social security information system for delivery riders... the public's attention has remained focused on JD.com and Meituan. Now, with Eleme entering the public eye again with a subsidy war, especially during the special time window of the May Day holiday, industry experts believe that, on the one hand, this proves that the old order of the food delivery industry has indeed been impacted, and on the other hand, it shows...

Sina TechnologyApr 30 19:38 ET

Capital Trends | Northbound funds increased their holdings in Hong Kong stocks by over 5.6 billion, with Meituan and China Construction Bank receiving oversubscription of over 0.5 billion, while Industrial and Commercial Bank faced Sell of over 0.3 billio

Capital Trend in Hong Kong stocks.

Gelonghui FinanceApr 30 08:30 ET

Express News | BlackRock's Long Position in Meituan Increases to 6.04% on April 24 From 5.51% - HKEX

ReutersApr 30 05:11 ET

Meituan (03690): The daily order volume of non-meal instant retail in Peking has steadily exceeded 1 million orders.

According to reports, Meituan (03690) in Peking has a daily order volume of non-food instant retail (Meituan Instant Shopping, Little Elephant Supermarket) that has steadily exceeded 1 million orders. Previous public data shows that last year, the order volume for various fast-moving consumer goods like liquor, beverages, snacks, and dairy products on Meituan Instant Shopping surpassed that of multiple e-commerce platforms. The daily order volume of Meituan's non-food instant retail has already exceeded 18 million orders. Based on the rapid increase in user retention and shopping frequency, Meituan officially launched the "Meituan Instant Shopping" brand on April 15.

Jingu Financial NewsApr 30 01:45 ET