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MEITUAN-W Said to Open Community Discount Stores 'Kuailehou Supermarket' to Compete with Hema NB
MEITUAN-W (03690.HK) is planning to open two community discount stores named 'Kuailehou Supermarket' in Beijing and Hangzhou by the end of July, according to Chinese media....
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MEITUAN-W Said to Open Community Discount Stores 'Kuailehou Supermarket' to Compete with Hema NB
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MEITUAN-W (03690.HK)  -2.000 (-1.629%)    Short selling $724.97M; Ratio 9.654%   is planning to open two community discount stores named 'Kuailehou Supermarket' in Beijing and Hangzhou by the end of July, according to Chinese media.

The project team is formed by internal personnel from Xiaoxiang Supermarket, and the business model is benchmarked against Hema NB, the community store of BABA-W (09988.HK)  -1.100 (-1.036%)    Short selling $1.26B; Ratio 11.309%   (BABA.US)      's Hema brand. It is expected to adopt an extreme cost-effectiveness strategy to attract consumers.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-04 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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