On June 22, Meituan-W fell 3.06% in regular trading, trading at 70.4 HKD/share, with turnover of 1.288 billion HKD. The stock has declined over consecutive sessions amid a combination of shareholder reduction, intensified food delivery competition, and broader sector selling pressure.

On the news front, market reports indicate that competitors have deployed substantial subsidies to capture market share in instant delivery, pressuring Meituan's order volume and compressing profit margins. Meanwhile, regulators recently released draft rules on platform subsidy behavior, requiring subsidies to come from platforms' own operating profits and prohibiting long-term, large-scale subsidies that distort market competition. While this is viewed as supportive of incumbent leaders longer-term, the stock continues to face near-term headwinds from a Q1 operating loss of 6.5 billion yuan despite narrowing from 16.1 billion yuan the prior quarter.

Within the Internet and Direct Marketing Retail sector, the overall sector remained under pressure. Among individual stocks, BABA-W down 3.05%, JD-SW down 2.39%, JD Health down 4.39%, Ali Health down 1.82%, PA Good Doctor down 4.87%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)