KUAISHOU-MEITUAN Co-op Reportedly Extended to 'Thousands of Stores in Hundreds of Cities'

AASTOCKS

2024-07-12 07:06

The strategic cooperation between KUAISHOU-W (01024.HK) and MEITUAN-W (03690.HK), which recently expired and was renewed, will be fully upgraded, Chin...

　　The strategic cooperation between KUAISHOU-W (01024.HK) +1.350 (+2.830%) Short selling $226.12M; Ratio 25.964% and MEITUAN-W (03690.HK) +4.500 (+3.876%) Short selling $575.82M; Ratio 19.648% , which recently expired and was renewed, will be fully upgraded, Chinese media cited a person close to KUAISHOU-W.

　　Pursuant to the agreement, the scope of cooperation between KUAISHOU-W and MEITUAN-W will be extended to “thousands of stores in hundreds of cities” across China in the next three years.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-11 16:25.)

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