Movement Alert|MEITUAN-W Rises 3.03% in Regular Trading, Strong Holiday Consumption and Brazil Expansion Boost Sentiment

Market Focus
Yesterday

On October 9, MEITUAN-W rose 3.03% in regular trading, reaching HK$71.55 with turnover of HK$940 million. The movement was supported by robust National Day holiday consumption data and accelerated overseas expansion by Keeta in Brazil.

According to reports, Keeta announced entry into 21 new Brazilian cities, expanding coverage to 32 cities and reaching 10 million app downloads, breaking local exclusivity barriers after a court ruling against competitor 99Food. Domestically, Meituan's holiday report showed long-haul travel orders increased 25% year-over-year, hotel consecutive-night bookings rose 31%, and AI assistant Xiaotuan searches grew 29% month-over-month, reflecting strengthening user engagement across core consumption scenarios.

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