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MEITUAN-W Offers Subsidies to Small- and Medium-sized Merchants, Each May Claim RMB50K Max.
MEITUAN-W (03690.HK) announced that it officially launched yesterday (5th) a development support campaign targeting small-and medium-sized merchants, under which it is expected to ...
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MEITUAN-W Offers Subsidies to Small- and Medium-sized Merchants, Each May Claim RMB50K Max.
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MEITUAN-W (03690.HK)  -1.100 (-0.902%)    Short selling $409.22M; Ratio 33.536%   announced that it officially launched yesterday (5th) a development support campaign targeting small-and medium-sized merchants, under which it is expected to provide subsidies to over 100,000 additional small restaurants by the end of this year, with each restaurant eligible for up to RMB50,000.

The company stated in its announcement that some catering merchants, especially the owners of small- and medium-sized restaurants, have recently been damaged by the industry's low-pricing practices and disorderly competition. In order to combat "involution" and promote the healthy development of the industry, it will strive to aid small restaurants in achieving stable growth via subsidies.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-08-08 12:25.)

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