Meituan Class B 3690

Investing.com -- Chinese regulators have opened investigations into four online hotel and travel booking platforms over suspected practices that may hurt competition and merchant rights, Bloomberg reported on Saturday.

Meituan (MPNGF) posts 14.4% revenue growth to RMB104.6 billion, with core local commerce turning profitable and Keeta achieving rapid international success.

Uber agreed to acquire Delivery Hero for $15 billion, boosting its position as the largest food delivery service outside China and expanding markets.

STORY: Uber launched a takeover bid for Delivery Hero on Thursday. It gave the German firm a $14.8 billion equity value. Were a deal to go ahead it would create the largest food-delivery group outside China. And it comes as competition with U.S. and European rivals heats up. An acquisition would further the U.S. ride-hailing firm's efforts to build a global food-delivery business. It's facing growing competition from Just Eat, which is owned by Dutch group Prosus. And its U.S. rival DoorDash, which has expanded aggressively. Delivery Hero said Wednesday it would create a platform covering 99 c

Hong Kong shares ended higher, led by technology stocks. The Hang Seng Index gained 1.3% and the Hang Seng Tech Index added 2.0%. Among major stocks, Alibaba Group gained 3.1%, Baidu added 2.6% and Meituan rose 4.

Meituan (SEHK:3690) recently reshaped its board at the June 26, 2026 AGM, appointing Mr. Yiu Kin Wah Stephen as an independent non-executive director and audit committee chair, while Mr. Orr Gordon Robert Halyburton retired from the board. See our latest analysis for Meituan. At a share price of HK$78.5, Meituan has seen short term momentum pick up with a 7 day share price return of 10.80%. However, this sits against a year to date share price decline of 24.95% and a 1 year total shareholder...

The Shenzhen-based startup, founded by a former Apple Watch engineer, is targeting Meta's dominance in the fast-growing smart glasses market

Even Realities, an ex-Apple team building camera-free smart glasses, raised $150 million from Meituan and Tencent at a $1 billion valuation.

China's food delivery giant Meituan said on Tuesday it had released and would open-source its next-generation LongCat large ‌language model, claiming it is the world's first trillion-parameter AI system trained and run ‌entirely on a 50,000-chip cluster powered by Chinese-made processors. Meituan, often compared to DoorDash, is a late entrant to China's crowded ​and well-funded AI sector, where rivals include DeepSeek and ByteDance's Doubao. The LongCat team, founded in 2023, only launched its first model late last year.

X Square Robot, an embodied AI company developing general-purpose embodied intelligence robots and foundation models for real-world environments, today announced the closing of four consecutive financing rounds culminating in a Series C, bringing its valuation to over US$2.8 billion (RMB 20 billion) and positioning the company among China's highest-valued embodied AI startups.