FINWIRES · TerminalLIVE
FINWIRES

Meituan Swings to Q1 Loss

By

Meituan (HKG:3690) recorded a loss of 6.83 billion yuan in the first quarter of 2026, compared with a profit of 10.1 billion yuan a year prior, according to a Monday Hong Kong bourse filing.

The Chinese food delivery firm's revenue increased 5.6% to 91 billion yuan from 86.2 billion yuan in the year-ago period.

Related Articles

Asia

Advance Residence Investment to Acquire Yokohama Residential Property for 2.22 Billion Yen

Advance Residence Investment (TYO:3269) will acquire a residential property named Residia Yokohama Tobe for 2.22 billion yen, according to a Tokyo bourse filing on Monday.The eight-story building is fully occupied with 70 units and offers a net operating income (NOI) yield of 4.1%.The acquisition is scheduled for July 1, with financing coming from borrowings and cash on hand, and the seller is Marble Corp., a subsidiary of TCS Holdings.

$TYO:3269
Asia

Bonree Data's Three Shareholders to Divest Company Stake

Bonree Data Technology's (SHA:688229) three shareholders plan to reduce their holdings in the company due to funding needs, according to a Shanghai bourse filing on Saturday.The Chinese information technology services provider's shares jumped 9% at the close of midday trade.Shanghai Yuanheng Lihui Consulting Management Center (Limited Partnership) plans to offload about 0.99%, or 440,000 shares, while individual investors Meng Xidong will trim 1.80%, or 800,000 shares, and Feng Yunbiao will divest 2.36%, or 1,050,000 shares in the company.The share disposal will be implemented between June 23 and Sept. 22.Yuanheng Lihui currently owns 3% of the company, while Meng and Feng holds 8.35% and 10%, respectively, of the company's total share capital.

$SHA:688229
Asia

ASE Technology Unit Signs Facility Engineering Deals Worth NT$550 Million

ASE Technology (TPE:3711) unit SPIL has signed facility engineering contracts with Acter (TWO:5536), worth NT$550.4 million, according to a Monday Taiwan Exchange filing.The contract works will run from May 19, 2026, to Sept. 30, 2027, the company said.ASE Technology said the deals are for production and operational needs.

$TPE:3711$TWO:5536