Meituan Stock News

Shares of U.S.-listed Chinese tech giants Alibaba Group Holding Ltd (NYSE: BABA), Baidu Inc (NASDAQ: BIDU), JD.Com (NASDAQ: JD), and Meituan Dianping (​​OTC: MPNGF) traded lower in Hong Kong on W

Chinese food delivery service Meituan has sent almost 1,000 extra workers to Shanghai to help supply groceries to millions of residents struggling with life under a strict Covid lockdown.

While Meituan leaps into China's fierce e-commerce arena, its income is weakening and government and Covid pressures abound.

Meituan (MPNGF) CEO Xing Wang on Q4 2021 Results - Earnings Call Transcript

Kevin O'Leary, O'Shares chairman and venture capitalist, joins the 'Halftime Report' to discuss why he is investing in Chinese stocks.

CNBC's Eunice Yoon joins 'Squawk Box' to break down what's pushing shares of Chinese tech companies like Alibaba and JD.com higher.

Tencent Shares Plunge On Report Of Possible Money-Laundering Violations Chinese technology giant Tencent Holdings Ltd. has mainly been unscathed in Beijing''s sweeping crackdown on big technology companies that began in late 2020 -- until just recently. According to Wall Street Journal , the People''s Bank of China is preparing to slap a potential record fine on Tencent''s WeChat Pay mobile network for violating anti-money laundering regulations. Financial regulators found that WeChat Pay had lapses in compliance with "know your customer" and "know your business" regulations. They also discovered the mobile payments network had evidence of money laundering. An investigation into money laundering would be a new chapter in Beijing''s tech crackdown, a move that has already decimated hundreds of billions of dollars in market cap from ride-hailing and e-commerce to online education companies. Until now, WeChat has been untouched by regulators who have gone after competitors such as Alibaba Group Holding Ltd. and Meituan.

China is allowing the public to take COVID-19 rapid antigen self-tests for the first time as infection numbers hit a two-year high in recent days. Online marketplaces including JD.com and Meituan are now taking pre-orders for home test kits from government-approved manufacturers, including Shenzhen-based gene giant BGI. The products will also be available through drugstores […]

Yahoo Finance's Jared Blikre breaks down how Chinese stocks are trading.

Yahoo Finance Live's Jared Blikre and Akiko Fujita discuss Chinese tech stocks as they face their worst week in a year.

#HK stocks open sharply lower, with #HangSeng Index down 2.06%. Hang Seng #Tech Index slumping 4.66%Tech heavyweights lead the losses, with down over 12%, down 11% and Meituan sliding more than 6%. Hat Tip via Twitter: @YUAN TALKS Our Twitter for Quick Updates: Twitter Follow Us

Hong Kong stocks rebounded from the lowest level since July 2016 as signs the rout this week was overdone. Alibaba Group Holding and Meituan recovered from their record lows.The Hang Seng Index climbed 0.3 per cent to 21,115.85 as of 10.25am local time after losing 3.9 per cent on Monday. The Tech Index weakened 0.6 per cent, while the Shanghai Composite Index slipped 0.3 per cent.About half of the 66 Hang Seng Index members advanced as Techtronic jumped 4 per cent. Alibaba, the owner of this…

Autonomous driving truck startup Inceptio previously raised $270 million in August led by JD Logistics, Meituan and Asia-focused investment firm PAG.

Chinese food delivery firm Meituan (OTC: MPNGY ) looks to lower commissions for merchants on its platform, Reuters reports . Other major food delivery platforms in China include Alibaba Group Holding Ltd (NYSE: BABA )-owned Ele.me. Meituan currently charges ~12% in commissions for its food delivery business, a unit accounting … Full story available on Benzinga.com

Nervous Markets Rebound As Ukraine Tensions Fade US equity futures - which on Tuesday tumbled into a technical correction, down 10% from January''s all time highs - rebounded led by tech companies as investor fears over the standoff in Ukraine eased following the limited initial Western sanctions against Russia. As of 7:15am, eminis pared some gains but were still up 0.7% or 28 points on the day; Nasdaq futures were up 0.9% and Dow futures were up 0.54%. The VIX remained elevated, last seen around 28 after trading above 30 yesterday. Treasuries extended declines after the yield curve flattened in the Wall Street session, with the 10Y yield rising to 1.97% after tumbling as low as 1.85% on Tuesday. Crude oil fluctuated, while gold dipped as haven demand eased. The dollar slipped and cryptos reversed some of their recent losses. Susannah Streeter, senior analyst at Hargreaves Lansdown, said there were signs of bargain hunting among traders, keen to snap up shares sensitive to the situation. But she warned the geopolitical tension could still escalate, while elevated oil and gas prices were boosting inflationary risks. The volatility which has hit stocks is set to remain as traders assess this latest attempt to slow down the march toward a full invasion, said Streeter.