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MEITUAN-W Slips 5% as CN Plans to Regulate Charging Practices of Online Platforms
MEITUAN-W (03690.HK) is set to announce its quarterly results today, with its stock price opening 0.5% lower and then deepening its downfall in the early session, currently down 5....
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MEITUAN-W Slips 5% as CN Plans to Regulate Charging Practices of Online Platforms
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MEITUAN-W (03690.HK)  +2.700 (+2.087%)    Short selling $2.38B; Ratio 20.042%   is set to announce its quarterly results today, with its stock price opening 0.5% lower and then deepening its downfall in the early session, currently down 5.04% at HKD130. The trading volume is 20.4915 million shares, involving HKD2.71 billion.

China's State Administration for Market Regulation recently drafted the "Compliance Guidelines for Charging Behavior of Online Trading Platforms (Draft for Comments)" and is collecting public opinions.

Related NewsCLSA Chops MEITUAN-W (03690.HK) TP to $195, Keeps Rating at Overweight
This is to regulate the behavior of online trading platforms in charging commissions, membership fees, technical service fees, information service fees, and marketing promotion fees from operators within the platform; protect the legitimate rights and interests of operators within the platform; and promote the healthy and orderly development of the platform economy.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-27 16:25.)

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