Understanding the Market | Meituan-W rose over 3% during intraday trading, with Meituan Longzhu co-leading the investment in Xinghaitu. The company is once again focusing on embodied intelligence
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Meituan-W's stock price rose more than 3% during the trading session, with an increase of 2.61% as of the time of writing, priced at HKD 121.7, with a transaction volume of HKD 2.509 billion. Meituan Longzhu jointly led the A4 and A5 rounds of financing for Xinghaitu, with a total financing amount exceeding USD 100 million. Xinghaitu focuses on the research and development of embodied intelligent robots and continues to receive strategic investments and support from national-level industrial funds. In recent years, Meituan has made multiple investment layouts in this field
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