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Express News | Meituan's Xiaoxiang Supermarket will open offline stores, potentially targeting the large store model of "Hema Fresh."
Meituan's flash sale announced progress on "shifting exports to domestic sales."
On April 17, according to Yicai, Meituan Instant Delivery announced the progress of its "export to domestic sales" initiative. Previously, Meituan Instant Delivery established a special working group to facilitate the transition of foreign trade to domestic sales. Relevant personnel introduced that they are currently coordinating nationwide flash warehouses, convenience stores, and brand merchants to form a supply chain cooperation alliance. As of midnight on April 17, 335 enterprises have signed up for cooperation, with 111 having entered the actual domestic sales matching process.
Express News | Southbound capital had a net buy of 2.3 billion Hong Kong dollars throughout the day, with Alibaba, TENCENT, and MEITUAN among the top net purchases.
Keeta has reached a collaboration with the dining brand LUBUDS Group to promote exquisite dining takeout.
Meituan (03690.HK) subsidiary delivery platform Keeta has announced a diversified strategic partnership with the Hong Kong dining brand LUBUDS Group, focusing on three core areas: Big Data consumer trend analysis, upgrading takeout packaging, and providing a high-quality delivery experience, aimed at expanding the refined takeout dining market. Keeta will work with LUBUDS to study suitable takeout methods for refined dining, optimize the delivery experience, and allocate more precise delivery services for restaurants, striving to ensure that takeout food can restore the quality of dine-in food to enhance consumer satisfaction, while nearly 60 restaurants under LUBUDS have joined Keeta.
Hong Kong market quick view | All three major indices rose, with the Technology Index up nearly 2%; Network Technology stocks surged, with NetEase increasing over 4% and Alibaba rising over 3%; new Consumer stocks performed excellently, with Mixue Group a
Several Network Technology stocks rose, with NTES-S increasing by 4.56% and Alibaba rising by 3.13%; Alcoholic Beverages stocks generally went up, with PALINDA GROUP dropping by 9.52% and CHINA RES BEER increasing by 4.10%; Sporting Goods stocks surged, with POU SHENG INT'L rising by 4.35% and XTEP INT'L increasing by 4.03%.
In "The Big Action," CMB International adjusts the recommended order for the Internet Industry in China, with Tencent (00700.HK) as the top choice.
Bank of China International released a report stating that the National Bureau of Statistics published the March retail sales data on April 16, exceeding the bank's expectations, mainly due to support from stimulus policies.