Meituan-W (03690) rose by nearly 4%. As of press release, it rose 3.91% to HK$164.8, with a turnover of HK$0.214 billion.
The Zhitong Finance App learned that Meituan-W (03690) was nearly 4% higher. As of press release, it had risen 3.91% to HK$164.8, with a turnover of HK$0.214 billion.
According to the news, according to market news reports, recently, Walmart China and Meituan announced that they have reached a strategic cooperation. The two sides will give full play to their respective advantages and cooperate deeply in instant delivery, product richness, product operation, digital customer capabilities, and digital marketing to jointly create a new potential for customer-centered omnichannel retail and provide customers with a more convenient shopping experience. Currently, Walmart stores across the country have fully launched Meituan and connected to Meituan delivery.
According to reports, in 2024, change has become the key word in the retail industry. From Sam's Club's sprinting to 100 billion dollars in sales, to Fat Donglai's reshaping the traditional supermarket model, to Ye Guofu joining Yonghui, many major industry events have attracted widespread attention. Industry insiders pointed out that for large supermarkets, instant retail is not simply a transfer of sales between channels, but rather a real increase in consumption by expanding the spatial and temporal radius of FMCG sales to keenly capture consumer demand around the clock and in all scenarios. However, for platforms such as Meituan and Douyin, which act as “middlemen,” it is certainly a good thing that more and more supermarkets are setting up instant retail businesses, which can be used to further enrich supply.