Meituan Shares - Weekly review after BlackRock trims stake

Edited by ad hoc news Long-Term & Business-Model Desk. Verified prior to publication on 06/20/2026, 17:49 CET. Details in the imprint.

Meituan (HK3690015697) faced a turbulent trading week in Hong Kong. The stock reacted to news of a stake reduction by BlackRock, which coincided with renewed selling pressure in major Chinese internet names, according to a recent market recap from Futu.

What the weekly data show

According to a Futu intraday update dated 06/20, Meituan-W shares traded around HKD 61.65 during Friday's session, down more than 3% from the previous close of HKD 64.00, after the brokerage highlighted a reduction in holdings by BlackRock.

The same Futu note pointed to a sharp rise in short interest, stating that short positions surged more than 300-fold on the prior trading day and that key moving averages are currently aligned in a bearish pattern.

How Meituan compares with peers

Against this backdrop, Meituan's recent performance has lagged several large Chinese internet peers listed in Hong Kong, as renewed macro concerns and regulatory caution continue to weigh on investor sentiment in the broader sector.

Market data compiled by Futu indicate that Meituan's latest closing levels leave the stock well below the 2024 highs seen earlier in the year, while sector bellwethers such as Tencent and Alibaba have also faced volatile trading in recent weeks.

How the company makes money

Meituan generates most of its revenue from its local services ecosystem in China, which includes on-demand food delivery, in-store dining, hotel and travel bookings, and a fast-growing platform for local retail and community group-buying.

Where the stock trades today

Meituan shares (HK3690015697) last traded on the Hong Kong Stock Exchange at HKD 61.65 as of 06/20/2026, 17:30 HKT.

This article was AI-assisted and editorially reviewed. Price and company data without warranty; prices and dates may change at short notice. No investment advice, no buy or sell recommendation. Trading securities involves risk up to total loss of capital.