Understanding the Market | Meituan-W rose over 4% in the afternoon as Keeta's business scope in the Middle East continues to expand, planning to enter the Kuwaiti market by the end of this year or early next year
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Meituan-W's stock price rose more than 4% in the afternoon, reaching HKD 124.2, with a trading volume of HKD 4.381 billion. Its overseas delivery platform Keeta is expanding into the Middle East market, including the UAE and Kuwait, with plans to launch delivery services in Kuwait in the second half of 2025 or early 2026. Keeta aims to cover the six Gulf countries within the next three years, expecting to achieve a market share of 20% by 2028
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