On August 19, MEITUAN-W rose 3.04% in regular trading, trading at HKD 88.0/share, with turnover of HKD 1.618 billion.
The rally was driven by the blockbuster debut of Unitree Robotics on the STAR Market. Unitree opened at RMB 1,100/share, surging 629.44% from its IPO price of RMB 150.80, pushing its market cap above RMB 4,400 billion. Meituan, as the largest external institutional shareholder, holds approximately 9.65% of Unitree through three investment entities — Hanhai Information, Galaxy Z, and Chengdu Longzhu — with a cumulative investment of roughly RMB 4.2 billion. Based on Unitree's trading-day prices, Meituan's stake is valued at approximately RMB 310-386 billion, translating into paper gains exceeding RMB 300 billion.
This investment windfall underscores Meituan's strategic pivot toward hard-tech investments, following its recent divestment of entertainment assets such as the RMB 640 million sale of Light Media shares.
(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.)