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Meituan (OTCMKTS:MPNGF - Get Free Report) was the recipient of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 3,777,847 shares, a growth of 192.2% from the September 15th total of 1,292,905 shares. Based on an average daily volume of 3,685 shares, the days-to-cover
China's market regulator is investigating Meituan unit Beijing Sankuai Information Technology for suspected violations of unfair competition laws, the country's official CCTV broadcaster reported on Saturday.
The Hang Seng Index remains in a deep bear market and is hovering at its lowest level since July 17th as the crisis between the US and Iran escalates. It dropped to 24,570, down by over 11.65% from its highest level this year.
Meituan delivered Q2 2026 revenue and earnings above consensus, with core local commerce operating profit reaching RMB 5.6 bn versus consensus RMB 3.4 bn. We maintain a Hold/neutral rating, citing balanced risk-reward as MT faces domestic competition from BABA and slow international scaling of Keeta. The company trades at 16x forward earnings, a slight discount to peers, reflecting structural headwinds: persistent subsidies, regulatory cost volatility, and uncertain margin durability.
The results snapped a three-quarter streak of losses for the Chinese shopping-and-delivery platform.
Chinese food delivery giant Meituan on Friday swung to profit and exceeded revenue growth estimates as a year of bruising, subsidy-fuelled competition in China's one-hour delivery market showed further signs of easing.
The global smart glasses category surged, with Meta controlling nearly 70% of market share. More than half of Even Realities' user base is located in the United States, while approximately 80% of its developer community is U.S.-based.
Meta and Snap rolled out new smart glasses last month, the latest sign that the industry is racing to put a camera and an AI assistant onto users' faces. As the fast-growing market heats up, upstarts like Even Realities are muscling in on the giants.