On September 10, MEITUAN-W declined 3.28% in regular trading to HKD 75.35, with turnover of HKD 1.471 billion, as the stock faced pressure from a fresh regulatory penalty and a broad-based market downturn.

On the regulatory front, Meituan's affiliate Beijing Sankuai Technology was fined RMB 5.75 million by the Shanghai Administration for Market Regulation for failing to verify qualifications of 45 food service providers on its platform. This marks the second time in the year that major food delivery platforms have been penalized for inadequate merchant credential checks, underscoring persistent compliance challenges across the industry.

The broader Hong Kong market also opened sharply lower, with the Hang Seng Index down 1.15% and the Hang Seng Tech Index down 1.39%. Major internet stocks declined across the board, with Alibaba and Baidu each falling over 2%.

Within the Internet and Direct Marketing Retail sector, BABA-W fell 3.55%, JD HEALTH dropped 2.27%, ALI HEALTH lost 2.13%, JD-SW slid 0.94%, and PA GOODDOCTOR declined 0.89%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)