Lates News

As of Thursday, Meituan's stock price has dropped by 32% this year, ranking last in the Hang Seng Technology Index, while Alibaba's Hong Kong stock has doubled. This means that without taking into account dividends and trading costs, investors who short Meituan while going long on Alibaba could potentially see returns as high as 130%. "There is still room for this paired trade to continue," Julia Pan, an analyst at Dahua Jixian Hong Kong, said in a media interview. Although some short-term consumer investors believe Meituan's stock price is lagging, she believes that the market has not yet factored in some negative factors.