Understanding the Market | LI NING Rises Over 4% Announcing Entry into Meituan Flash Purchase Platform to Layout Instant Retail Channels
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LI NING's stock price rose by more than 4%, with an increase of 4.14% as of the time of publication, trading at HKD 18.11, with a transaction volume of HKD 175 million. The LI NING brand announced its entry into Meituan Flash Purchase, covering nearly 1,000 stores in nearly 100 cities nationwide, leveraging offline stores for rapid delivery and expanding service radius. This cooperation is an important measure of LI NING's "single brand, multiple categories, and multiple channels" strategy, and will explore innovative business models in the future to enhance user experience
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