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MEITUAN-W Slumps 5%+ after JD-SW Announces to Launch JD Takeaway
Recommend 19 Positive 43 Negative 18 |
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The news that JD-SW (09618.HK) announced the launch of JD Takeaway dented the share price of MEITUAN-W (03690.HK) today (12th), which ebbed back after opening 0.49% higher. It last stood at $153.2, down 5.32%, with 14.2717 million shares traded, involving $2.23 billion. JD announced that JD Takeaway officially launched "quality dine-in catering merchants" recruitment, whereby merchants who are onboarded by May 2025 are commission-free for the entire year. JD Takeaway's service fee is reportedly determined by the delivery distance, order price, time and weather and other factors. JD-SW opened 1.26% higher today, peaking at $161.2. It last reported $158.7, up 0.13%, with 956,700 shares traded, involving $153 million. AAStocks Financial News |
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