News for Meituan (3690.HK)

(Bloomberg) -- Chinese electric vehicle maker BYD Co. is aiming to raise as much as HK$40.7 billion ($5.2 billion) in what would be Hong Kong’s biggest share sale in nearly four years. Most Read from BloombergCuts to Section 8 Housing Assistance Loom Amid HUD UncertaintyRemembering the Landscape Architect Who Embraced the CityNYC Office Buildings See Resurgence as Investors Pile Into BondsHong Kong Joins Global Stadium Race With New $4 Billion Sports ParkNJ Transit to Deploy Customer-Service Tea

By Lee Shih Ta

The market is looking to August's PCE print to calculate whether another jumbo cut is coming.

The market is looking to August's PCE print to calculate whether another jumbo cut is coming.

The market is looking to August's PCE print to calibrate whether another jumbo cut is coming.

Meituan stock to gain as in-store performance exceed expectations - Goldman Sachs

Asian equities were largely higher on light volumes except for Mainland China and Hong Kong in advance of Nvidia’s widely anticipated results today. We shouldn’t overthink the price action, as summer volumes are so light that market moves are exacerbated.

Key Takeaways: Xiaohongshu was valued at $17 billion in a new funding round, with DST Global, Hillhouse, Boyu Capital, and Citic Capital joining as new investors The social e-commerce company’s 2023 revenue surged 85% to $3.7 billion, as it tries to expand beyond advertising as its main income source By Hugh Chen

China stocks poised for rebound after natural pullback. Bullish macro factors support uptrend continuation. Explore more details here.

Key Takeaways: DiDi Global’s first-quarter revenue grew 14.9% to 49.1 billion yuan, marking a fifth straight quarter of double-digit growth The ride hailing app has moved past earlier regulatory headwinds, but has lost market share to competition and smaller rivals using aggregating platforms By Hugh Chen

Meituan's (MPNGF) revenue and normalized net income rose by +25% and +36% YoY, respectively in Q1, which exceeded expectations. See why I rate the stock a hold.

Earnings call: Meituan outlines robust Q1 growth with revenue up 75%

Earnings preview of key companies reporting this week and what to look out for.

Tuya’s revenue jumped 42.2% in last year’s fourth quarter, with its platform as a service business as the biggest contributor.

Billy G is the biggest. Jamie D says Bitcoin is shit. China ain’t cheap no more. Not enough Chinese babies. This time it’s different in Japan.

Key Takeaways: Missfresh is set to raise $27 million from two new investors and buy a Hong Kong-based digital marketing firm for $12 million The former online grocery giant’s financial troubles are probably too deep for such a small-time acquisition to fix By Warren Yang

Missfresh is set to raise $27 million from two new investors and buy a Hong Kong-based digital marketing firm for $12 million.

Key Takeaways: Hong Kong’s new listing rules for “specialist technology companies” allow startups without any revenue to list if they meet a minimum market capitalization requirement