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Positive Surprise Drives Chinese Tech Rally! Hong Kong Internet Stocks Surge in Tandem, Billion-Dollar ETF 513770 Rises Nearly 2%, Alibaba Up Over 3%, Institutions: Internet Sector Offers Best Odds in May
Meituan is an investment holding company mainly engaged in technology retail, providing daily necessities and services through technology and retail fields, including food delivery, in-store, hotel and travel reservations, other services and sales. The Company operates its businesses through two segments. The Core Local Commerce segment includes food delivery, Meituan Instashopping, in-store services, and hotel and travel related businesses. New Initiatives segment includes Meituan Select, Xiaoxiang Supermarket, B2B food distribution and others. The Company distributes its products within domestic market.