MEITUAN-W Kicks Off Global Spring 2026 Campus Recruitment, Targeting AI Professionals
Recruitment Announcement: MEITUAN-W has launched its 2026 Spring campus recruitment, aiming to fill 6,000 positions for the Class of 2026 and over 3,000 internship-to-full-time roles for the Class of 2027.
Job Categories and Locations: The recruitment covers 10 categories with over 100 positions available, with work locations in various cities worldwide, including Beijing, Shanghai, and Dubai.
Ongoing Recruitment Initiative: The 'Beidou Plan' for attracting top tech talent will remain open throughout the year, focusing on advanced technologies like large model foundations and autonomous driving.
AI Recruitment Focus: AI-related fields are highlighted as a key priority in MEITUAN-W's recruitment strategy, emphasizing the company's commitment to innovation in technology.
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MINIMAX-WP Drops Over 8% After Noon as CN Allegedly Prohibits SOEs from Using OpenClaw
China's Restrictions on AI Applications: China is limiting state-owned enterprises and government agencies from using OpenClaw AI applications on office computers to mitigate security risks, according to Bloomberg.
Impact on OpenClaw Stocks: Stocks related to OpenClaw experienced significant declines, with MINIMAX-WP dropping 5.74% and KNOWLEDGE ATLAS down 4.01% on March 11.
Short Selling Activity: There was notable short selling activity in the market, with MINIMAX-WP and KNOWLEDGE ATLAS seeing substantial short selling ratios of 5.84% and 9.71%, respectively.
Market Performance of Major Companies: Other major companies like Meituan and Tencent also saw fluctuations in their stock prices, with Meituan down 2.28% and Tencent slightly up by 0.27% amidst high trading volumes.
Short Selling Activity Reaches $20.4B, Representing 21.4% of Eligible Securities Turnover by Midday
Short Selling Turnover: The short selling turnover in the Hong Kong market reached $20.4 billion at midday, accounting for 21.4% of the eligible securities turnover, an increase from 18.3% on the previous trading day.
Top Short Selling Stocks: The top five stocks with the highest short selling amounts include TENCENT, BABA-W, XIAOMI-W, MEITUAN-W, and HSCEI ETF, with short selling ratios ranging from 22.1% to 59.7%.
TENCENT Performance: TENCENT had a short selling turnover of $3.76 billion, with a short selling ratio of 23.8%.
MEITUAN-W Performance: MEITUAN-W exhibited the highest short selling ratio at 59.7%, with a turnover of $721 million.
China Limits Major Banks and Government Agencies from Utilizing OpenClaw: Report
China's Restrictions on OpenClaw: China is prohibiting state-owned enterprises and government agencies from using the OpenClaw AI application on office computers due to security concerns.
Notifications Issued: Large banks and other government entities have received warnings against installing OpenClaw on their office equipment.
Market Reaction: Following the news, stocks related to OpenClaw experienced pressure, with notable fluctuations in companies like Tencent and Meituan.
Stock Performance Details: Specific stock movements included Tencent opening higher but closing with minimal gains, while other companies like Minimax and Meituan saw declines.
Citi Research: Keeta Postpones Expansion into Rio de Janeiro; MEITUAN-W Continues to Encounter Strong Competition in Chinese Market
Keeta's Market Delay: Keeta's entry into the Rio de Janeiro market has been delayed due to exclusive agreements held by competitors, as noted in a Citi Research report.
Impact on Competitors: The delay and the layoff of 200 local employees may benefit competitors like Didi and iFood, potentially easing Didi's projected international business EBITDA losses for 2026.
Meituan's Financial Outlook: CLSA anticipates that Meituan's new business losses for Q4 will deepen to RMB3.3 billion, indicating ongoing financial challenges.
Citi Research Rating: Despite the competitive landscape in China, Citi Research maintains a Neutral/High Risk rating for Meituan, with a target price set at $94.
HSI Starts 152 Points Up; TENCENT Continues Its Rally; NIO-SW Soars 15%
Market Performance: The HSI opened 0.6% higher at 26,112, with notable gains in tech stocks like TENCENT and BIDU-SW, while some stocks like KNOWLEDGE ATLAS and MINIMAX-WP experienced declines.
Export Growth: China's exports for January-February increased by 21.8%, significantly surpassing the previous value of 6.6% and the forecast of 7.1%.
Tech Stock Movements: Various tech stocks, including BABA-W and KUAISHOU-W, saw increases of 1.3-1.5%, while others like MEITUAN-W and NTES-S faced declines.
Automotive Sector Highlights: NIO-SW surged 15% after reporting a profit, while other automotive stocks like BYD COMPANY and LI AUTO-W showed minor increases.
Lenovo Baiying and MEITUAN-W Introduce OpenClaw Remote Deployment Service
Launch of OpenClaw Service: Lenovo Baiying has introduced an exclusive OpenClaw remote deployment service in partnership with MEITUAN-W, allowing users to configure the service from home.
User-Friendly Access: Users can easily access the service by searching "OpenClaw Installation" on the Meituan App, where Lenovo-certified engineers will handle the remote setup without requiring any technical expertise from the users.
MINIMAX-WP Drops Over 8% After Noon as CN Allegedly Prohibits SOEs from Using OpenClaw
China's Restrictions on AI Applications: China is limiting state-owned enterprises and government agencies from using OpenClaw AI applications on office computers to mitigate security risks, according to Bloomberg.
Impact on OpenClaw Stocks: Stocks related to OpenClaw experienced significant declines, with MINIMAX-WP dropping 5.74% and KNOWLEDGE ATLAS down 4.01% on March 11.
Short Selling Activity: There was notable short selling activity in the market, with MINIMAX-WP and KNOWLEDGE ATLAS seeing substantial short selling ratios of 5.84% and 9.71%, respectively.
Market Performance of Major Companies: Other major companies like Meituan and Tencent also saw fluctuations in their stock prices, with Meituan down 2.28% and Tencent slightly up by 0.27% amidst high trading volumes.
Short Selling Activity Reaches $20.4B, Representing 21.4% of Eligible Securities Turnover by Midday
Short Selling Turnover: The short selling turnover in the Hong Kong market reached $20.4 billion at midday, accounting for 21.4% of the eligible securities turnover, an increase from 18.3% on the previous trading day.
Top Short Selling Stocks: The top five stocks with the highest short selling amounts include TENCENT, BABA-W, XIAOMI-W, MEITUAN-W, and HSCEI ETF, with short selling ratios ranging from 22.1% to 59.7%.
TENCENT Performance: TENCENT had a short selling turnover of $3.76 billion, with a short selling ratio of 23.8%.
MEITUAN-W Performance: MEITUAN-W exhibited the highest short selling ratio at 59.7%, with a turnover of $721 million.
China Limits Major Banks and Government Agencies from Utilizing OpenClaw: Report
China's Restrictions on OpenClaw: China is prohibiting state-owned enterprises and government agencies from using the OpenClaw AI application on office computers due to security concerns.
Notifications Issued: Large banks and other government entities have received warnings against installing OpenClaw on their office equipment.
Market Reaction: Following the news, stocks related to OpenClaw experienced pressure, with notable fluctuations in companies like Tencent and Meituan.
Stock Performance Details: Specific stock movements included Tencent opening higher but closing with minimal gains, while other companies like Minimax and Meituan saw declines.
Citi Research: Keeta Postpones Expansion into Rio de Janeiro; MEITUAN-W Continues to Encounter Strong Competition in Chinese Market
Keeta's Market Delay: Keeta's entry into the Rio de Janeiro market has been delayed due to exclusive agreements held by competitors, as noted in a Citi Research report.
Impact on Competitors: The delay and the layoff of 200 local employees may benefit competitors like Didi and iFood, potentially easing Didi's projected international business EBITDA losses for 2026.
Meituan's Financial Outlook: CLSA anticipates that Meituan's new business losses for Q4 will deepen to RMB3.3 billion, indicating ongoing financial challenges.
Citi Research Rating: Despite the competitive landscape in China, Citi Research maintains a Neutral/High Risk rating for Meituan, with a target price set at $94.
HSI Starts 152 Points Up; TENCENT Continues Its Rally; NIO-SW Soars 15%
Market Performance: The HSI opened 0.6% higher at 26,112, with notable gains in tech stocks like TENCENT and BIDU-SW, while some stocks like KNOWLEDGE ATLAS and MINIMAX-WP experienced declines.
Export Growth: China's exports for January-February increased by 21.8%, significantly surpassing the previous value of 6.6% and the forecast of 7.1%.
Tech Stock Movements: Various tech stocks, including BABA-W and KUAISHOU-W, saw increases of 1.3-1.5%, while others like MEITUAN-W and NTES-S faced declines.
Automotive Sector Highlights: NIO-SW surged 15% after reporting a profit, while other automotive stocks like BYD COMPANY and LI AUTO-W showed minor increases.
Lenovo Baiying and MEITUAN-W Introduce OpenClaw Remote Deployment Service
Launch of OpenClaw Service: Lenovo Baiying has introduced an exclusive OpenClaw remote deployment service in partnership with MEITUAN-W, allowing users to configure the service from home.
User-Friendly Access: Users can easily access the service by searching "OpenClaw Installation" on the Meituan App, where Lenovo-certified engineers will handle the remote setup without requiring any technical expertise from the users.
