Corporate News – Market Update
Meituan (3690.HK)
Price movement
Traded down 4.55 % during a 24‑hour period ending at 09:16 AM Central Europe on Friday, 23 Oct 2026.
Current trading price: HKD 72.3.
Trading volume and liquidity
24‑hour volume: HKD 2.70 bn.
Outstanding shares: 5.60 bn.
Current market capitalization: HKD 428.8 bn.
Recent performance
Since the end of the previous month, the share price has fallen 2.13 %.
200‑day simple moving average: HKD 82.99.
52‑week high: HKD 108.00 (01 Jun 2026).
52‑week low: HKD 63.65 (26 Jun 2026).
Sector context
The decline is part of a broader sell‑off across Chinese technology stocks.
The Hang‑Seng index and technology‑heavy constituents fell in the same session.
Weak quarterly results from peers and a market pullback driven by high oil prices and regulatory scrutiny influenced sentiment.
Major names affected include Alibaba, Tencent, and Xiaomi.
Related Stocks – 24‑hour performance
| Symbol | Index | % Change | Current Price | Market Capitalization | P/E Ratio |
|---|---|---|---|---|---|
| 1398.HK | Ind & Comm Bk Of China - H | –1.34 % | HKD 7.26 | HKD 425.8 bn | 6.22 |
| 1288.HK | Agricultural Bank Of China‑h | –0.30 % | HKD 6.63 | HKD 376.8 bn | 7.71 |
| 300059.SZ | East Money Information | 0 % | CNY 18.54 | CNY 283.2 bn | 19.29 |
| 002415.SZ | Hangzhou Hikvision Digital | 0 % | CNH 33.85 | CNH 296.4 bn | 16.66 |
| YMM | Full Truck Alliance | –1.76 % | USD 8.35 | USD 64 bn | 14.05 |
Company Overview
Meituan is a Chinese web‑based marketplace that sells vouchers for local services and entertainment, including dining, delivery, and other on‑demand services. The platform operates across China and focuses on providing daily deals and discounted offerings to consumers.
