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<Research>CICC: MEITUAN-W Shrinking Community Group Buying Biz to Focus on Core Operations
MEITUAN-W (03690.HK) is shrinking its community group buying business to focus on its core operations, CICC released a research report noting. MEITUAN-W's Meituan Select is fur...
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<Research>CICC: MEITUAN-W Shrinking Community Group Buying Biz to Focus on Core Operations
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MEITUAN-W (03690.HK)  -0.900 (-0.692%)    Short selling $175.82M; Ratio 6.456%   is shrinking its community group buying business to focus on its core operations, CICC released a research report noting. MEITUAN-W's Meituan Select is further contracting, and will subsequently focus on key business development.

It is understood that Meituan Select is closing operations in certain regions and will focus on advantageous areas, retaining business only in Guangdong, Hangzhou, and other locations, with the contraction speed exceeding market expectations. This suggests that the business, in which the company has invested over RMB80 billion since 2020, will no longer bear the burden of retail strategy.

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CICC kept an Outperform rating on MEITUAN-W with a target price of HKD177.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-06-27 12:25.)

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