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MEITUAN-W Tumbles 5.7% in Early Trade after Dismissing Rumors of Massive Layoffs in Product Roles
MEITUAN-W (03690.HK) opened 0.64% lower today (28th), hitting an intraday trough of HKD73.05. It last reported at HKD73.25, down 5.73%, with a turnover of 23.1113 million shares, i...
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MEITUAN-W Tumbles 5.7% in Early Trade after Dismissing Rumors of Massive Layoffs in Product Roles
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MEITUAN-W (03690.HK)  +0.150 (+0.205%)    Short selling $2.16B; Ratio 35.961%   opened 0.64% lower today (28th), hitting an intraday trough of HKD73.05. It last reported at HKD73.25, down 5.73%, with a turnover of 23.1113 million shares, involving HKD1.728 billion.

Meituan would reportedly initiate large-scale layoffs in its product positions, with the layoff ratio as high as 50%. Meituan staff explicitly refuted the claims, stating that the information is untrue. At present, Meituan's online application channel for the 2026 spring campus recruitment remains open as usual.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-29 16:25.)

Related NewsM Stanley: MEITUAN-W (03690.HK) Profitability Roadmap Clear, Rating Overweight

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