Meituan or Alibaba Group — which is the better buy?

The honest answer comes from running the same workflow on both: quality score, valuation ceiling versus today's price, and which thesis breaks worry you more. The snapshot table below gives the current dated state of each.

How are 3690.HK and 9988.HK different?

Meituan trades on Hong Kong (Consumer Disc.); Alibaba Group trades on Hong Kong (Consumer Disc.). Market, currency, liquidity, and disclosure regimes differ — the workflow stays identical, so the comparison is fair.

Comparison · Updated 2026-08-29

Meituan vs Alibaba Group

Which is stronger right now? The dated snapshot below answers it with quality, valuation ceiling, risk, and timing — side by side, then the full decision brief.

By the Balance Labs Research Desk · Reviewed by the editorial review board · 2026-08-29

Two tickers, one decision framework. Instead of vibes, put both names through the same quality → valuation → thesis-breaks → timing process and let the weaker story drop.

Key facts — quick answer

3690.HK = Meituan (Hong Kong) · 9988.HK = Alibaba Group (Hong Kong).
Snapshot 2026-08-29: 3690.HK HK$77.25 · signal LONG · ret -46.5% ‖ 9988.HK HK$116.30 · signal LONG · ret -12.5%.
The one with the wider gap between price and its valuation ceiling — at equal quality — usually wins the slot.

Snapshot comparison (2026-08-29)

	3690.HK	9988.HK
Company	Meituan	Alibaba Group
Market	🇭🇰 Hong Kong	🇭🇰 Hong Kong
Sector	Consumer Disc.	Consumer Disc.
Price	HK$77.25	HK$116.30
Signal	LONG · -11.4%	LONG · -0.4%
Total return	-46.5%	-12.5%

Decide it with the calculator

Run both names through the free intrinsic value calculator — the one with the wider gap between price and ceiling on equal quality usually wins the slot.

See the full decision brief

3690.HK decision brief 9988.HK decision brief

Deeper comparison — Meituan (3690.HK) vs Alibaba Group (9988.HK)

Beyond the snapshot above, the real comparison comes from running the same workflow on both companies: score quality, set the valuation ceiling, and write the break conditions for each. The framework stays identical; only the data changes.

Dimension	3690.HK	9988.HK
Market	🇭🇰 Hong Kong	🇭🇰 Hong Kong
Sector	Consumer Disc.	Consumer Disc.
STM signal	LONG	LONG
uPnL	-11.4%	-0.4%
Total return	-46.5%	-12.5%

Use this table as a starting point, not an answer. The decision comes from running the full workflow on both companies — 3690.HK brief · 9988.HK brief — and comparing the outputs side by side.

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Cite this page

Balance Labs Research Desk. "Meituan vs Alibaba Group" https://balancelabs.app/stocks/compare/3690.hk-vs-9988.hk. Data snapshot: 2026-08-29. CC BY 4.0 with attribution.

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