HK Movers | Meituan Extends Rally to 5%, Shares Have Rebounded 15% from Its May Low

Tiger Newspress

06/09

Meituan shares extend rally to 5% on Monday, shares have rebounded 15% from its May low. Meituan plans to add two to three new routes for its drone delivery services in Dubai in the second half of the year, Bloomberg News reported Friday, citing Vice President Yinian Mao in an interview.

Mao said the drones will be "highly visible" and will be on the waterfront of the Dubai Marina, the report said.

The China-based online delivery giant has been expanding in the city after it first launched its autonomous delivery services in Dubai in December 2024, the report said.

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