格隆汇1月23日丨美团-W(03690.HK)公告，于2026年1月23日，公司根据首次公开发售后股份奖励计划 以受限制股份单位形式授出合共6,341,017股奖励股份，其中(i)向集团若干雇员参与者授出6,335,304股奖 励股份；(ii)向集团若干服务提供者授出5,713股奖励股份，并视乎接纳与否以及首次公开发售后股份奖 励计划的条款及条件而定。 ...

智通财经APP讯，美团-W(03690)发布公告，于2026年1月23日，公司根据首次公开发售后股份奖励计划 以受限制股份单位形式授出合共634.1万股奖励股份，其中向集团若干雇员参与者授出633.53万股奖励股 份;及向集团若干服务提供者授出5713股奖励股份，并视乎接纳与否以及首次公开发售后股份奖励计划 的条款及条件而定。 ...

（於開曼群島註冊成立以不同投票權控制的有限公司） 股份代號：3690（港幣櫃台）及83690（人民幣櫃台） 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 授出受限制股份單位 根據上市規則第17.06A條、第17.06B條及第17.06C條，董事會宣佈，於2026年1 月23日，本公司根據首次公開發售後股份獎勵計劃以受限制股份單位形式授出合 共6,341,017股獎勵股份，其中(i)向本集團若干僱員參與者授出6,335,304股獎勵股 份；及(ii)向本集團若干服務提供者授出5,713股獎勵股份，並視乎接納與否以及 首次公開發售後股份獎勵計劃的條款及條件而定。 授出受限制股份單位的詳情 授出的詳情如下： 授出日期： 2026年1月23日 授出的受限制股份單位數目： 6,341,017個受限制股份單位，包括： 授出受限制股份單位的購買價： 零 B類股份於授出日期的市價： 每股B類股份97.55港元 1 (i) 授予本集團僱員參與者的6,335,304個 ...

Group 1 - On January 23, 2026, Alibaba-W (09988), Pop Mart (09992), and Tencent Holdings (00700) ranked as the top three companies by trading volume in the Southbound Stock Connect, with transaction amounts of 4.748 billion, 2.660 billion, and 2.614 billion respectively [1] - In the Southbound Stock Connect for the Shenzhen-Hong Kong Stock Connect, Alibaba-W (09988), Tencent Holdings (00700), and Pop Mart (09992) also held the top three positions, with transaction amounts of 3.322 billion, 1.798 billion, and 1.370 billion respectively [1] Group 2 - In the Southbound Stock Connect, the top active trading companies included Alibaba-W (09988) with a net buy amount of -0.595 billion, Pop Mart (09992) with a net buy amount of +0.480 billion, and Tencent Holdings (00700) with a net buy amount of +0.396 billion [2] - In the Shenzhen-Hong Kong Stock Connect, Alibaba-W (09988) had a net buy amount of -0.895 billion, Tencent Holdings (00700) had a net buy amount of -0.156 billion, while Pop Mart (09992) recorded a net buy amount of +0.268 billion [2]

根据商务部"2026全国网上年货节"活动安排，北京市商务局于1月19日至3月4日组织开展"2026北京网上 年货节"活动，组织各平台企业紧扣年节需求，线上线下融合，积极打造全民参与、互动性强的年货盛 宴。 美团、京东、抖音、淘宝等平台、王府井全球购等品牌企业积极推出福利券等多重优惠举措，提升节日 消费体验。 一 美团 活动时间 1月19日至3月4日 活动入口 美团APP搜索"网上年货节" 美团搭建"2026全国网上年货节"线上主会场，联动平台百万优质商户，投入超亿元补贴资金，推出多项 优惠活动举措，围绕消费者"吃住行游购娱"需求，推出"文旅冰雪嘉年华""小象超市年货一站齐"等系列 促销活动。 1月17日-3月1日，在北京京东MALL双井店东南侧广场举办纸雕艺术光影展，开展巡游、文创市集、手 作体验等活动，配套互动礼品与专属福利。即日起至2月23日，南三环店内任意消费送新春马年礼包一 份。 三 二 京东 活动时间 1月17日至3月1日 活动入口 京东APP、线下京东MALL（北京双井店、南三环店） 1月25日20点至2月23日，京东年货节活动涵盖新春好礼、年货好物等多种商品类型，结合官方直降、国 家补贴、年味互 ...

Core Insights - Meituan has upgraded its app to version 12.51.202, introducing the "Ask Xiao Tuan" AI search feature to enhance user experience in finding local services and products [2][6] - The upgrade aims to meet the increasing demand for local life information services, leveraging AI to improve decision-making in daily consumption [6][15] Group 1: AI Search Functionality - The "Ask Xiao Tuan" feature acts as an AI decision-making assistant, focusing on intelligent information recommendations and group coupon comparisons [7][15] - Users can input complex queries, and the AI quickly provides tailored recommendations, balancing ambiance and cost-effectiveness [7][9] Group 2: User Demand and Consumption Trends - A report from Meituan Research Institute indicates that 92% of consumers check online reviews and discounts before making local consumption decisions, with 80% adjusting their choices based on online information [6][15] - The shift towards online decision-making for offline consumption highlights the need for accurate and timely local information [6][16] Group 3: Information Infrastructure - Meituan's AI capabilities are supported by a robust local information infrastructure, which includes accurate merchant data and real-time updates on business status [19][20] - The platform utilizes a combination of AI and human efforts to ensure the accuracy and timeliness of the information provided to users [19][22] Group 4: User and Merchant Engagement - User-generated content and real reviews contribute to the platform's credibility, enhancing the quality of information available for AI processing [26][29] - Merchants are incentivized to maintain accurate information due to the potential for increased customer traffic from the platform [27][28] Group 5: Overall Impact on User Experience - The integration of AI into Meituan's services aims to streamline the entire process from search to decision-making, enhancing the overall user experience in local life services [15][30] - Meituan's focus on providing accurate and timely information continues to shape its identity in the local life service sector, reinforcing its commitment to improving consumer experiences [31]

Core Insights - The report emphasizes the structural opportunities in both domestic demand and overseas expansion for 2026, particularly focusing on new services and new retail sectors [2][24] - It highlights the positive resonance between policy and fundamentals, suggesting that leading companies in the commercial sector are likely to benefit from policy stimuli and improve their fundamentals [2][4] Domestic Demand - The report identifies new services and new retail as the main lines for domestic demand, with a focus on the marginal changes in the fundamentals of related sub-sectors [2][5] - Specific sub-sectors showing price increase potential include: - **Hotels**: Strong leisure demand and optimized supply structure, with prices expected to remain stable or slightly increase. Recommended companies include Huazhu Group, Jinjiang Hotels, and Shoulv Hotels [2][3] - **Duty-Free**: With the opening of Hainan, the sector is stabilizing, and China Duty Free is highlighted as a key player [2][3] - **Gold and Jewelry**: The report notes a high volatility in gold prices but anticipates improved terminal sales. Recommended companies include Chow Tai Fook and Lao Puhuang [2][3] - **Mother and Baby**: Leading companies are expected to maintain steady growth, supported by favorable policies. Recommended companies include Kidswant and Aiyingshi [2][3] Sub-Sectors Driven by Volume Growth - The report suggests focusing on the Consumer Price Index (CPI) for sectors primarily driven by volume growth: - **Supermarkets**: CPI increases are beneficial for same-store sales, with a shift in focus from store adjustments to supply chain reforms. Recommended companies include Yonghui Superstores and Jiajiayue [3][5] - **Tourism**: The report highlights the potential for expansion and asset integration in the tourism sector, recommending companies like Jiuhua Tourism and Changbai Mountain [3][5] - **Dining**: Emphasizes refined operations and incentives for leading companies, with recommendations including Yum China and Haidilao [3][5] - **Tea Drinks**: The report notes that delivery subsidies may impact pricing, with store openings expected to drive growth. Recommended companies include Mixue and Gu Ming [3][5] Overseas Expansion - The report indicates that leading companies with high barriers to entry are expected to continue showing strong performance in overseas markets, with a focus on brand building and diversified destinations [4][24] - Recommended companies for overseas expansion include: - **Small Commodity City** and **Miniso**: Both are noted for their strong performance and brand development [4][24] - **Anker Innovations** and **Sumida**: Highlighted for their competitive advantages in specific segments [4][24] Investment Recommendations - The report suggests that for 2026, investors should focus on sectors benefiting from policy support and those with strong performance certainty in overseas markets [5][24] - It emphasizes the importance of monitoring the recovery of volume in certain sectors while maintaining a cautious approach to pricing stability [5][24]

Market Overview - The Hong Kong stock market indices collectively rose on January 23, with the Hang Seng Index increasing by 0.45% to 26,749 points, the Hang Seng China Enterprises Index up by 0.51%, and the Hang Seng Tech Index rising by 0.62% [1][2]. Key Stock Movements - Major tech stocks saw gains, with Xiaomi Group and Kuaishou both rising nearly 3%, Alibaba up over 2%, and JD.com and Meituan also showing increases [2][4]. - The commercial aerospace sector experienced significant gains, with JunDa shares soaring over 51% following the launch of six platforms related to commercial aerospace in Beijing [6]. - Brain-computer interface stocks were active, with Lens Technology rising over 9% [7]. - Gold stocks continued to strengthen, with Zijin Mining International increasing by over 8% as gold prices reached new highs [9]. - Solar energy stocks surged, with Keyuan New Energy rising over 14% and several others following suit [10]. Sector Performance - The commercial aerospace sector led the market with notable gains, driven by the launch of new platforms aimed at enhancing the industry [6]. - The brain-computer interface sector showed strong activity, supported by advancements in flexible chip technology [7]. - Gold stocks benefited from rising gold prices, which reached a historical high of $4,940.78 per ounce [9]. - The solar energy sector was buoyed by positive remarks from Tesla's CEO regarding solar capacity expansion [10]. Individual Stock Highlights - JunDa shares rose by 51.40% to 39.00, while other aerospace-related stocks also saw significant increases [6]. - Lens Technology increased by 9.36% to 31.78, reflecting strong interest in brain-computer interface technologies [8]. - Zijin Mining International rose by 8.43% to 205.80, benefiting from the surge in gold prices [9]. - Keyuan New Energy saw a rise of 14.44% to 4.36, reflecting optimism in the solar energy market [11]. Future Outlook - The Hong Kong stock market is expected to see a recovery in profit growth by mid-2026, with a slowdown in competition among internet platforms and a reduction in the drag from non-essential consumer spending [26].

"银发经济涉及面广、产业链长、业态多元、潜力巨大。"美团易生活业务部负责人表示，将通过数字化 工具助力服务标准化、流程规范化，推动建立可持续的养老服务消费模式，让更多老年人享受到高质 量、多元化、便捷可及的养老服务。 【新闻快讯】 转自：中国质量报 本报讯 （记者贾润梅）记者近日从美团获悉，美团平台数据显示，养老服务需求快速增长，其中照护 类服务意向用户同比增长78%，交易规模增长超200%；"老人助浴"搜索量同比增长120%，相关订单量 增长超85%。政策引导与市场需求形成合力，为养老服务数字化发展创造了有利环境。 根据民政部数据，截至2025年底，我国养老机构已达4.17万家，从业人员达72.2万人，同比增长 12.2%。近年来，老年人的养老服务需求日益呈现多元且迫切的趋势。为积极应对人口老龄化，提升全 社会对养老服务的认知度和接受度，以美团为代表的互联网平台正加速养老服务线上化布局，通过数字 化手段助推养老服务供给侧创新与需求侧匹配，为银发经济发展开辟新路径。 据了解，在政策与市场双轮驱动下，美团积极推动养老服务机构线上化进程，通过为备案机构提供流量 扶持、成本优惠、平台补贴等一揽子扶持政策，助力传统养 ...

Short Selling Ratios - China Resources Beer (80291) and JD Group (89618) have the highest short selling ratios at 100.00% each, followed by Lenovo Group (80992) at 95.62% [1] - The top ten short selling ratios include Li Ning (82331) at 93.21% and Anta Sports (82020) at 88.46% [1] Short Selling Amounts - Alibaba (09988) leads in short selling amount with 1.173 billion, followed by Baidu (09888) at 1.111 billion and Pop Mart (09992) at 1.049 billion [1] - Other notable companies in the top ten include Meituan (03690) at 814 million and China Life (02628) at 806 million [1] Deviation Values - JD Group (89618) has the highest deviation value at 37.56%, followed by China Ping An (82318) at 33.98% and China Huaneng (03788) at 33.27% [1] - Other companies with significant deviation values include SenseTime (80020) at 32.05% and Li Ning (82331) at 31.52% [1]