Business

China's Meituan rises on entering Brazilian market with Keeta

China's Meituan rises on entering Brazilian market with Keeta

Cgn Power Co., Ltd. Class AMay 13, 20254
China's Meituan rises on entering Brazilian market with Keeta

About this update from Cgn Power Co., Ltd. Class A

** Shares of Chinese delivery giant Meituan HKEX:3690 rise 3.1% to HK$141.6, on course for their biggest one-day pct gain since May 6** Stock is the fourth most actively traded share by turnover ** Meituan announced an investment of 5 billion reais ($891.65 million) to enter the Brazilian market with its Keeta app, according to government trade and investment agency ApexBrasil** CGN Power SZSE:003816 also detailed plans to spend 3 billion reais on a wind, solar and energy storage hub, Great Wall Motor SSE:601633 is preparing to invest 6 billion reais in Brazilian car factories, Longsys SZSE:301308 announced an investment of 650 million reais to expand its capacity in Brazil ** CGN gains 0.3%, Great Wall Motor adds 0.6%, Longsys up as much as 1.8%** Hang Seng Commerce & Industry Index HSI:HSCI rises 1.5%, Hang Seng Index HSI:HSI climbs 1.4%** YTD, Meituan shares down 8.6%($1 = 5.6076 reais)

View stock analysis, news, and events for Cgn Power Co., Ltd. Class A