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Midday Takeaway: HSI Closes Midday at 18,509, Up 143 pts; HSTI Closes Midday at 3,950, Up 48 pts; BABA Up over 3%

At midday close, HSI rose 143 pts or 0.8% to 18,509. HSTI rose 48 pts or 1.3% to 3,950. HSCEI…

HKD2.8B Southbound Trading Net Outflow from TRACKER FUND

There was HKD769.9 million, HKD290.4 million and HKD148.9 million Southbound Trading net inflow to TENCENT (00700.HK), MEITUAN-W (03690.HK) and XPENG-W…

Full-day Takeaway: HSI Closes at 18,365, Down 167 pts; HSTI Closes at 3,901, Down 47 pts; BABA Up over 3%

At close, HSI dropped 167 pts or 0.9% to 18,365. HSTI dropped 47 pts or 1.2% to 3,901. HSCEI fell…

Midday Takeaway: HSI Down 191 pts; HSTI Down 78 pts; ENN ENERGY Down over 8%

At midday close, HSI dropped 191 pts or 1.0% to 18,341. HSTI dropped 78 pts or 2.0% to 3,870. HSCEI…

HKD292.2M Southbound Trading Net Inflow to MEITUAN-W

There was HKD292.2 million, HKD244 million and HKD242.8 million Southbound Trading net inflow to MEITUAN-W (03690.HK), TENCENT (00700.HK) and XPENG-W…

Full-day Takeaway: HSI Down 577 pts; HSTI Down 67 pts; AIA Down over 3%; CCB Down over 3%; MEITUAN Down over 3%; NWS HOLDINGS Hit New Highs

At close, HSI dropped 577 pts or 3.0% to 18,533. HSTI dropped 67 pts or 1.7% to 3,948. HSCEI fell…

Midday Takeaway: HSI Down 587 pts; HSTI Down 94 pts; AIA Down over 3%; MEITUAN Down over 3%

At midday close, HSI dropped 587 pts or 3.1% to 18,522. HSTI dropped 94 pts or 2.4% to 3,921. HSCEI…

Full-day Takeaway: HSI Down 305 pts; HSTI Down 57 pts; ZHONGSHENG HLDG Down over 5%

At close, HSI dropped 305 pts or 1.6% to 19,110. HSTI dropped 57 pts or 1.4% to 4,016. HSCEI fell…

Meituan Establishes 15 Drone Routes in CN, Completes Over 167,000 Orders

MEITUAN-W (03690.HK) has so far established 15 drone routes in cities such as Shenzhen and Shanghai, and has completed an…

Meituan Pairs with Ping An Property Insurance to Launch Meituan Biz Insurance for Merchants

According to Chinese media reports, MEITUAN-W (03690.HK) has partnered with Ping An Property Insurance to launch a comprehensive protection insurance…

Midday Takeaway: HSI Down 268 pts; HSTI Down 58 pts; LI NING Down over 5%

At midday close, HSI dropped 268 pts or 1.4% to 19,147. HSTI dropped 58 pts or 1.4% to 4,015. HSCEI…

HKD334.3M Southbound Trading Net Outflow from TENCENT

There was HKD46.5 million, HKD44.5 million and HKD42.9 million Southbound Trading net inflow to MEITUAN-W (03690.HK), EAST BUY (01797.HK) and…

Full-day Takeaway: HSI Closes at 19,415, Up 109 pts; HSTI Closes at 4,074, Up 20 pts; SENSETIME-W Down over 8%; NTES, HSBC HOLDINGS Hit New Highs

At close, HSI rose 109 pts or 0.6% to 19,415. HSTI rose 20 pts or 0.5% to 4,074. HSCEI gained…

HKD2.4B Southbound Trading Net Outflow from TRACKER FUND

There was HKD217.6 million, HKD170 million and HKD167.5 million Southbound Trading net inflow to CCB (00939.HK), LI AUTO-W (02015.HK) and…

Full-day Takeaway: HSI Up 390 pts; HSTI Up 143 pts; MEITUAN Up over 3%; PING AN Up over 3%; HSBC HOLDINGS, SINOTRUK, LEAPMOTOR Hit New Highs

At close, HSI rose 390 pts or 2.1% to 19,306. HSTI rose 143 pts or 3.7% to 4,054. HSCEI gained…

Midday Takeaway: HSI Up 327 pts; HSTI Up 125 pts; MEITUAN Up over 3%; PING AN Up over 3%; HSBC HOLDINGS, SINOTRUK, LEAPMOTOR Hit New Highs

At midday close, HSI rose 327 pts or 1.7% to 19,243. HSTI rose 125 pts or 3.2% to 4,037. HSCEI…

HKD285.1M Southbound Trading Net Inflow to CHINA MOBILE

There was HKD285.1 million, HKD226.6 million and HKD50.6 million Southbound Trading net inflow to CHINA MOBILE (00941.HK), WUXI BIO (02269.HK)…

Outlook: M Stanley & Daiwas H-shr Top Picks (Table)

Morgan Stanley published a China market outlook report at the beginning of this month, displaying its focus list for H…

HK Wrap-up: HSI Decrements 17 pts; CHINA UNICOM Hikes Nearly 6%, as XPENG Rockets 10%

HSI closed at 18,916, down 17 points or 0.1%. HSCEI decremented 1 point to close at 6,424. HSTECH fell 22…

Full-day Takeaway: HSI Closes at 18,916, Down 17 pts; HSTI Closes at 3,911, Down 22 pts; XPENG Up over 10%; SINOTRUK Hit New Highs

At close, HSI dropped 17 pts or 0.1% to 18,916. HSTI dropped 22 pts or 0.6% to 3,911. HSCEI fell…

Midday Takeaway: HSI Closes Midday at 18,938, Up 4 pts; HSTI Closes Midday at 3,908, Down 24 pts; XPENG Up over 12%; SINOTRUK Hit New Highs

At midday close, HSI rose 4 pts or 0.0% to 18,938. HSTI dropped 24 pts or 0.6% to 3,908. HSCEI…

HK Open: HSI Cascades 52 pts; BABA, Meituan Meager; Shenzhou Swoons

Hong Kong equities tumbled this morning despite the rally in external markets. At open, the HSI slipped 52 pts or…

Meituan buys founder’s months-old ‘OpenAI for China’ for $280M

One of China’s most highly anticipated artificial intelligence startups is undergoing a significant change of direction. Guangnian Zhiwai, or Light…

Meituan buys founder’s months-old ‘OpenAI for China’ for $234M

One of China’s most highly anticipated artificial intelligence startups is undergoing a significant change of direction. Light Year, which was…

Meituan buys out AI start-up Light Year for US$281m as delivery services giant makes a move in ChatGPT space

Meituan is buying out four-month-old AI start-up founded by former executive and long-time aide of CEO Wang Xing....…

HKD3.3B Southbound Trading Net Outflow from TRACKER FUND

There was HKD241.7 million and HKD72.4 million Southbound Trading net inflow to CHINA MOBILE (00941.HK) and TENCENT (00700.HK).There was HKD3.3…

MEITUAN Proposes to Buy Co-founder Wang Huiwens AI Firm for About $2.2B

MEITUAN-W (03690.HK) announced that on June 29, 2023, the company entered into the Transaction Agreements to acquire the entire interest…

Full-day Takeaway: HSI Down 237 pts; HSTI Down 68 pts; LI NING Down over 6%

At close, HSI dropped 237 pts or 1.2% to 18,934. HSTI dropped 68 pts or 1.7% to 3,933. HSCEI fell…

Midday Takeaway: HSI Down 301 pts; HSTI Down 75 pts; CG SERVICES Down over 5%

At midday close, HSI dropped 301 pts or 1.6% to 18,870. HSTI dropped 75 pts or 1.9% to 3,926. HSCEI…

MEITUAN Launches Pan-cultural Entertainment and Game Services in Own APP

According to Chinese media, MEITUAN-W (03690.HK) is building a pan-entertainment ecology by launching pan-cultural entertainment and game services through its…

HKD4.2B Southbound Trading Net Inflow to TRACKER FUND

There was HKD4.2 billion, HKD388.3 million and HKD255.7 million Southbound Trading net inflow to TRACKER FUND (02800.HK), TENCENT (00700.HK) and…

Full-day Takeaway: HSI Closes at 19,172, Up 23 pts; HSTI Closes at 4,001, Up 29 pts; XPENG Up over 11%

At close, HSI rose 23 pts or 0.1% to 19,172. HSTI rose 29 pts or 0.8% to 4,001. HSCEI gained…

Midday Takeaway: HSI Closes Midday at 19,122, Down 25 pts; HSTI Closes Midday at 3,970, Down 1 pts; XPENG Up over 6%

At midday close, HSI dropped 25 pts or 0.1% to 19,122. HSTI dropped 1 pts or 0.0% to 3,970. HSCEI…

HKD5.2B Southbound Trading Net Outflow from TRACKER FUND

There was HKD298.4 million, HKD91.5 million and HKD66.8 million Southbound Trading net inflow to TENCENT (00700.HK), SMIC (00981.HK) and MEITUAN-W…

Chinese food delivery giant Meituan’s co-founder, Wang Huiwen, quits corporate roles owing to ‘health reasons’ after starting an AI venture

Meituan co-founder Wang Huiwen’s resignation marks one of the latest in a series of senior executive reshuffles at China’s Big…

MEITUAN Reportedly Forms New Company in Chengdu to Develop Electric Bicycle Sales Biz

Chinese media, citing information from enterprise credit agency Tianyancha, reported that Qionglai City Hanmei Technology Co., Ltd. (literal translation of…

MEITUANs KeeTa Expands Services to Sham Shui Po and Yau Tsim Mong Districts from Tmr

KeeTa, the takeaway platform of MEITUAN-W (03690.HK), announced the accelerated expansion of its business to Sham Shui Po and Yau…

Midday Takeaway: HSI Closes Midday at 18,862, Down 27 pts; HSTI Closes Midday at 3,890, Up 10 pts; CHINA RES POWER Up over 6%

At midday close, HSI dropped 27 pts or 0.1% to 18,862. HSTI rose 10 pts or 0.3% to 3,890. HSCEI…

MEITUAN Co-founder Wang Huiwen Resigns as Non-executive Director

MEITUAN-W (03690.HK) announced that Wang Huiwen, the co-founder of the company, has tendered his resignation as a non-executive director of…

HK Open: HSI Sags 44 Pts; JD Dives Almost 3%

The HK bourse opened lower echoing the external market. The HSI shed 44 pts or 0.2% to 18,845; the HSCEI…

CN Accommodation & Travel Consumption Up Nearly 2x YoY in First 2 Days of Dragon Boat Festival Holiday: Meituan & DianPing Data

According to data from Meituan and DianPing, during the first two days of the Dragon Boat Festival holiday, the national…

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