Understanding the Market | MEITUAN surged over 5% during intraday trading and recently announced the official launch of its first regular drone route in Hong Kong
MEITUAN-W rose over 5% during the trading session, and as of the time of publication, it was up 4.94%, priced at HKD 148.6, with a transaction volume of HKD 4.438 billion. In terms of news, according to market reports, recently, Meituan's drone announced that under the regulatory sandbox framework for the low-altitude economy in Hong Kong, the company's first regular route has officially commenced operations. The new route is set in the "cross-sea + park" scenario, with drones taking off from the Hong Kong Science Park and landing at the Ma On Shan seaside promenade. Currently, merchants such as McDonald's and Pizza Hut in Hong Kong have already integrated the service. Meituan's Vice President and head of drone business, Mao Yinian, stated at the launch ceremony that to smoothly carry out drone delivery services in Hong Kong, after the release of the low-altitude economy regulatory sandbox in November 2024, Meituan's drone submitted an application immediately and provided detailed operational plans, test reports, and third-party verification proofs regarding the safety capabilities, scheduling capabilities, privacy protection, and communication capabilities of drone delivery, ultimately being selected as one of the first batch of sandbox projects
According to Zhitong Finance APP, Meituan-W (03690) rose over 5% during the trading session, and as of the time of publication, it was up 4.94%, priced at HKD 148.6, with a transaction volume of HKD 4.438 billion.
In terms of news, according to market reports, recently, Meituan's drone announced that under the regulatory sandbox framework for the low-altitude economy in Hong Kong, the company's first regular route has officially commenced operations. The new route is set in a "cross-sea + park" scenario, with drones taking off from the Hong Kong Science Park and landing at the Ma On Shan seaside promenade. Currently, merchants such as McDonald's and Pizza Hut in Hong Kong have already integrated the service.
Meituan's Vice President and head of the drone business, Mao Yinian, stated at the launch ceremony that in order to smoothly carry out drone delivery services in Hong Kong, after the release of the low-altitude economy regulatory sandbox in November 2024, Meituan's drone submitted an application immediately and provided detailed operational plans, test reports, and third-party verification proofs regarding the safety capabilities, scheduling capabilities, privacy protection, and communication capabilities of drone delivery, ultimately being selected as one of the first batch of sandbox projects
