#MEITUAN News

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Hong Kong stocks open earnings-packed week on a cautious note

scmp.com Meituan, China’s biggest on-demand delivery company, surged almost 8 per cent to HK$95.20 after reported a turnaround in its fourth quarter earnings. Aluminium producer…

Samsung preps inferencing accelerator, scores huge sale

theregister.com Asia In Brief Samsung has reportedly secured a massive sale of an AI accelerator it plans to launch in 2025. Korean media report that Samsung execs revealed the existence of…

Food delivery service Meituan beats revenue forecast

asia.nikkei.com NEW YORK -- Chinese food delivery giant Meituan's revenue climbed 22.6% on the year to 73.7 billion yuan ($10.19 billion) for the fourth quarter in results released Friday,…

Strong orders in post-pandemic China boost Meituan revenue

scmp.com A personalised news feed of stories that matter to you Get more with my NEWS Meituan’s fourth-quarter revenue jumps on strong orders, while losses from new initiatives…

Hong Kong stocks slump as corporate earnings disappoint

scmp.com full-year earnings slid to the lowest in five years Ping An Insurance tumbled 4.4 per cent to HK$33.95 after full-year earnings slid to the lowest in five years in 2023. CK…

China’s booming EV market puts these 3 companies on the path to growth. Here’s what sets them apart

finance.yahoo.com China is the world’s largest EV market—and the most competitive. Sales of “new energy vehicles,” which includes both hybrids and battery EVs, expanded by 38% last year to…

Tencent Revenue Disappoints, Gaming Blamed For Shortfall

asiafinancial.com Chinese tech giant Tencent has blamed declining gaming revenues for a weaker-than-expected 7% rise in fourth-quarter revenue on Wednesday. The world’s largest video game…

China’s Tencent posts weak fourth-quarter revenue growth, plans to double share buybacks

theglobeandmail.com China’s Tencent Holdings posted a weaker-than-expected 7 per cent rise in fourth-quarter revenue on Wednesday as its gaming revenue shrank, and said it was expecting to at…

Tencent’s annual and quarterly results miss estimates amid weaker video gaming sales

scmp.com Net income in the period was 27 billion yuan, down 75 per cent due to a high base from gains from the disposal of Meituan shares a year earlier. That was still below the…

Hong Kong stocks retreat as China economic data raises doubts about recovery

scmp.com E-commerce giant Alibaba lost 0.2 per cent to HK$71.50, food delivery company Meituan declined 0.8 per cent to HK$88.80 and technology firm NetEase retreated 2.8 per cent to…

How to navigate China’s stock markets in a US presidential election year

scmp.com Other yuan-traded stocks favoured by the US investment bank include liquor distiller Luzhou Laojiao, Yanghe Brewery, Postal Savings Bank of China and Dong E-E-Jiao, which…

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