On July 22, Meituan-W declined 3.05% in regular trading, trading at HK$82.15/share, with turnover of HK$496 million.

On the news front, Hong Kong Exchange equity disclosures show that BlackRock reduced its holdings in Meituan H shares on July 7 and July 9, with its stake declining from 6.31% to 5.86%, triggering disclosure thresholds on two consecutive occasions. The stock had previously surged over 20% within the month, driven by the open-sourcing of its self-developed trillion-parameter large model LongCat-2.0, accumulating significant profit-taking pressure in the short term.

Additionally, the company recently confirmed personnel optimization across multiple business lines, with actual departures totaling fewer than 2,000 over nearly two months. The broader internet sector experienced a collective pullback, with BABA-W down 1.97%, JD-SW down 2.15%, Ali Health down 1.43%, JD Health down 1.19%, and PA GoodDoctor down 2.35%.

(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.)