Amid a backdrop of fluctuating global markets, Hong Kong's Hang Seng Index recently showcased a robust surge, climbing 8.8% as investor optimism grows around the region's economic prospects. In such an environment, companies with high insider ownership can be particularly appealing, as they often signal strong confidence from those closest to the business in its growth potential and governance.
Meituan (HKG: 3690) (the "Company"), a leading technology-driven retail company in China, today announced the audited consolidated results of the Company for the year ended December 31, 2023.
(Reuters) -Chinese food delivery giant Meituan on Friday reported a bigger-than-expected 22.6% rise in quarterly revenue, defying a slowing Chinese economy and bolstering its ambitions to expand into other markets. Meituan - which has an app that provides services ranging from bike-sharing to ticket-booking and maps - reported revenue in the quarter to Dec. 31 of 73.7 billion yuan ($10.20 billion), versus 60.13 billion yuan in the same period a year earlier. Last May, Meituan entered Hong Kong with new food delivery business KeeTa.