MEITUAN-W (03690.HK)  +1.100 (+0.837%)    Short selling $1.58B; Ratio 20.793%   announced that it will fully expand its instant retail business, building on previous explorations, to enhance and upgrade the new retail model.

On the foundation of brand upgrades, the Meituan Instashopping business will continue to actively expand its categories, partnering with retail brand partners to further expand stores and instashopping warehouses.

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The company will continuously optimize the experience in categories such as 3C electronics, fresh food, beverages, and fast-moving consumer goods, creating a next-generation shopping experience for 1 billion consumers.

Ella Supermarket will continue to expand its coverage area, progressively extending to all T1/ 2 cities. Meanwhile, the group is committed to strengthening its digital supply chain capabilities for faster and more refined operations.

Leveraging the overseas expansion of the Keeta food delivery business, the overseas version of Ella Supermarket, Keemart, has also embarked on its overseas journey since June, having tested online in two areas of Riyadh, the capital of Saudi Arabia, and will expand to other regions subsequently.

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MEITUAN-W last stood at HKD128.7, up 0.08%, with a trading volume of 20.4194 million shares, involving HKD2.615 billion.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-06-23 16:25.)