（原标题：北水动向|北水成交净买入62.88亿 北水继续抢筹美团-W(03690) 全天净买入额超14亿港元） 智通财经APP获悉，9月18日港股市场，北水成交净买入62.88亿港元，其中港股通(沪)成交净买入19.07亿港元，港股通(深)成交净买入43.82亿港 元。 北水净买入最多的个股是美团-W(03690)、阿里巴巴-W(09988)、泡泡玛特(09992)。北水净卖出最多的个股是华虹半导体(01347)、腾讯(00700)、中 芯国际(00981)。 港股通(沪)活跃成交股 港股通(深)活跃成交股 泡泡玛特(09992)获净买入12.07亿港元。消息面上，华源证券表示，泡泡玛特近期股价调整或系部分产品二手市场价格波动，该行认为，labubu部 分产品二手价格波动系市场供给调整的正常结果，溢价率或将随产能提升逐步回归健康区间。该行指出，公司作为中国潮玩行业的头部企业，具 备IP玩具全产业链运营能力，公司通过出众的IP创造、运营能力及渠道端多样的消费者触达能力持续高质量发展，且伴随公司海外业务逐步扩 大、产品海外影响力不断提升，有望打开第二增长极。 香港宽频(01310)获净买入4.27亿港元。消息面上 ...

申万宏源发布研报称，7月市场监管总局约谈三大平台，强调规范促销与理性竞争，平台补贴策略随之 趋于理性，美团、淘宝和京东分别通过"拼好饭"、"爆品团"和"七鲜小厨"等差异化项目推动结构性效率 提升，压缩泡沫型单量，走向长期可持续增长。广发证券则表示，展望Q3和Q4，预计电商板块持续受 到外卖竞争压力的影响，业绩或继续承压。长期来看，一旦双方补贴力度降低，预计美团和阿里会出现 利润的拐点。 消息面上，近日，美团旗下国际外卖品牌keeta在科威特正式启动运营。至此成为科威特成为keeta继沙 特阿拉伯、卡塔尔之后，在中东海湾地区的第三个落点。据悉，基于过去一年在沙特的成功落地和进 展，keeta进一步加快了中东市场的拓展步伐。今年8月，keeta上线卡塔尔，时隔不到一个月，又正式进 入科威特，美团正加速构建"多国联动"的国际化发展模式。 （原标题：港股异动 | 美团-W(03690)再涨超4% keeta加速拓展中东市场 机构称外卖平台补贴策略已趋 于理性） 智通财经APP获悉，美团-W(03690)再涨超4%，本周累涨逾12%。截至发稿，涨3.33%，报108.7港元， 成交额54.32亿港元。 ...

美团-W(03690)再涨超4%，本周累涨逾12%。截至发稿，涨3.33%，报108.7港元，成交额54.32亿港元。 申万宏源发布研报称，7月市场监管总局约谈三大平台，强调规范促销与理性竞争，平台补贴策略随之 趋于理性，美团、淘宝和京东分别通过"拼好饭"、"爆品团"和"七鲜小厨"等差异化项目推动结构性效率 提升，压缩泡沫型单量，走向长期可持续增长。广发证券则表示，展望Q3和Q4，预计电商板块持续受 到外卖竞争压力的影响，业绩或继续承压。长期来看，一旦双方补贴力度降低，预计美团和阿里会出现 利润的拐点。 消息面上，近日，美团旗下国际外卖品牌keeta在科威特正式启动运营。至此成为科威特成为keeta继沙 特阿拉伯、卡塔尔之后，在中东海湾地区的第三个落点。据悉，基于过去一年在沙特的成功落地和进 展，keeta进一步加快了中东市场的拓展步伐。今年8月，keeta上线卡塔尔，时隔不到一个月，又正式进 入科威特，美团正加速构建"多国联动"的国际化发展模式。 ...

Group 1 - Saudi Arabia has become a focal point for Chinese entrepreneurs and businesses in 2023, driven by its wealth and evolving market dynamics [1][2] - The U.S. has shifted its Middle East strategy under President Trump, emphasizing stronger ties with Saudi Arabia, which is crucial amid ongoing U.S.-China tensions [1] - The Saudi market is experiencing significant changes, including a reduction in traditional cultural practices and an increase in Chinese presence, such as the rise of Chinese restaurants and businesses [2][3] Group 2 - The Saudi Vision 2030 initiative has transformed local perceptions of foreign businesses from service providers to collaborators, enhancing operational efficiency [4][6] - The Public Investment Fund (PIF) now requires foreign companies to not only provide technology but also financial investments, favoring partnerships with leading firms [6][7] - Small and medium enterprises (SMEs) are advised to focus on integrated solution services that address local needs, as operational costs in Saudi Arabia can be significantly higher than in China [8][9] Group 3 - Establishing a foreign-owned retail company in Saudi Arabia requires a minimum capital of 30 million SAR (approximately 60 million RMB), which poses a barrier for many SMEs [9][10] - Collaborating with local partners can reduce costs and facilitate business operations, although this approach carries risks related to trust and partnership dynamics [10][12] - Understanding local cultural nuances is essential for building trust and successful business relationships in Saudi Arabia [14][15] Group 4 - The Saudi job market is characterized by high employee turnover, with many locals seeking better opportunities, which can complicate workforce stability for foreign companies [28][29] - The labor market is influenced by cultural factors, including strong family ties and a preference for public sector jobs, which affects local employment dynamics [30][33] - The introduction of the Vision 2030 initiative has led to a notable increase in female employment, with the female employment rate reaching 31.3% as of May 2025 [31] Group 5 - Companies looking to enter the Saudi market should conduct thorough market research to understand local consumer behavior and competition, as the market is already saturated with established brands [39][40] - It is crucial to manage expectations regarding profitability, as the average net profit margin for leading companies in Saudi Arabia is around 7%-10% [40] - Businesses should focus on leveraging their strengths and replicating successful domestic models rather than starting from scratch in unfamiliar sectors [40]