Reported about 5 hours ago
Analysts suggest that a pair trade strategy of buying Alibaba and shorting Meituan continues to thrive, yielding a 130% return this year. Meituan's shares have dropped due to losing market share in food delivery to Alibaba, whose stock has surged thanks to the AI boom. Despite government attempts to regulate aggressive price competition, analysts maintain a cautious view of Meituan while remaining optimistic about Alibaba's financial resilience. Both companies are set to release financial results soon, which may influence their stock movements.
Source: YAHOO