BPMTUAN@EC2602A

Meituan Upgrades Its AI Butler 'Wenxiaoquan' to Boost Spring Festival Consumption

Beijing's market supervision authority met with 12 online train ticket sales platforms, including Meituan

State media reports on the story of a Meituan delivery driver who encountered the General Secretary

Agora, Meituan, and xbench Jointly Release AI Outbound Call Agent Evaluation Benchmark

Competition Intensifies: Alibaba to Continue Heavy Investment in Taobao's Flash-Shopping Business

Moody's affirms Meituan's Baa1 rating but revises outlook to 'Negative'

Southbound funds recorded a net purchase of HK$163 million in Meituan on February 11

Meituan Launches LongCat Native Deep Research Agent

CICC predicts MSCI China Index rebalancing will lead to a decrease in Meituan's weighting

Momo acquires Dinging Buy Vegetable China Business,Instant Retail Landscape Changing

Media focuses on the career development paths of tens of millions of food delivery riders

Meituan establishes a new technology company in Zhenjiang, Jiangsu with a registered capital of 5 million USD

Meituan Longzhu Participates in 1 Billion Yuan Series B Financing for Embodied Intelligence Company Xinghai Tu

Zhitong Finance Releases Hong Kong Stock Connect Fund Flow Statistics for February 11

Douyin Launches Official Group Buying App 'Dou Sheng Sheng' to Compete with Meituan

Xinghaitu Completes 100 Million Yuan Series B Financing with a Valuation Reaching the Billion-Yuan Level

Meituan launches Spring Festival rider support program, offering over 10,000 yuan in extra subsidies

am730 Reports Meituan's Stock Price Fell Against the Market Trend Due to Regulatory Guidance

Changsha Ranks Among Top Ten in China for Leisure and Entertainment Transaction Volume

Meituan and Nankai University achieve new breakthrough in AI world simulator

TOUYUN BIOTECH

ASIA ENERGY LOG

KNOWLEDGE ATLAS

NIU HOLDINGS

TIANYE WATER

BOER POWER

CCOE

VPOWER GROUP

WAI CHUN GROUP

ZHONGSHI MINAN

00700

09988

09987

03690

On February 12th, the three major indices of the Hong Kong stock market collectively weakened during the session, with the Hang Seng TECH Index falling by 1.58%, leading the market decline. Affected by the escalation of the AI model war, the internet and retail sectors experienced widespread declines, with heavyweight stocks such as Tencent Holdings, Meituan, and Alibaba under pressure. Market sentiment has turned cautious, with funds closely monitoring macro data such as retail sales and imports and exports to verify the strength of the economic recovery

- On February 12, Hong Kong's stock indices experienced a collective downturn after reaching yesterday's highs, with the Hang Seng Index down 0.68% to 27,082.16 points.  
- The technology sector faced significant losses, particularly the Hang Seng Tech Index, which fell 1.58%, pressured by concerns over competition in the AI market.  
- Investors are focusing on macroeconomic data for February, especially retail sales and import-export figures, to gauge local consumption recovery and external demand resilience.

Market Heartbeat

TENCENT

BILIBILI-W

KUAISHOU-W

BABA-W

JD-SWR

YUM CHINA

MEITUAN

HAIDILAO

MNSO

LEMO SERVICES

TJCD

HUAYUEXPRESSWAY

ZIJIN MINING

CSOP HS TECH

Tencent Holdings Limited

Hang Seng TECH Index

Tencent

Meituan

Hong Kong stock market intraday | Hang Seng TECH Index down 1.58%, Tencent down 2.83%, Meituan down 3.38%

MPNGY

In January, the United States saw a significant increase in non-farm payrolls, rising to 130,000, while the unemployment rate fell to 4.3%. Trump stated that the U.S. should enjoy the lowest interest rates, which is expected to save $1 trillion in interest expenses. The three major U.S. stock indices performed poorly, with the Hang Seng Index opening down 55 points at 27,210 points. WuXi Biologics and Zijin Mining saw their stock prices rise, while technology stocks such as Meituan and Alibaba generally fell. Zhihu announced an adjustment in package prices, with an overall increase of over 30%

- The U.S. job market improved in January, with non-farm payrolls increasing from 48,000 in December to 130,000, significantly exceeding the expected 65,000, while the unemployment rate fell to 4.3%.  
- President Trump commented on social media that the strong employment data warrants lower interest rates for the U.S., claiming it could save $1 trillion annually in interest expenses.  
- U.S. stock indices showed mixed performance, with the Dow losing 66 points, while notable stocks such as SanDisk and Micron Technologies saw significant gains.

Stheadline

Trump praises employment data exceeding expectations; Hang Seng Index opens down 55 points; Meituan drops over 2%; Zhihui increases nearly 9% | Hong Kong stock market opens

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09899

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The Hong Kong stock market showed a weak performance in the early session, with the Hang Seng Index opening down 55 points at 27,210 points. Technology stocks generally declined, with MEITUAN opening down 2.5%, Alibaba down 1.4%, and Tencent down 2%. NetEase's net profit fell short of expectations, leading to a 1.4% drop in its stock price. BUD APAC's net profit fell by 32.6% last year, resulting in a 2.1% decline in its stock price. In contrast, WUXI BIO opened up 2.7%, making it the best-performing blue-chip stock

AASTOCKS

WUXI BIO

NETEASE MUSIC

BUD APAC

NTES-S

NetEase

"Hong Kong Stocks" The Hang Seng Index opened 55 points lower, Netease and Bud APAC declined, WUXI BIO rose

XIACY

01810

01211

The Nasdaq Golden Dragon China Index initially fell by 0.6%. Among popular Chinese concept stocks, WeRide fell by 5.5%, NetEase fell by 4%, YUM China, Baidu, Tencent, Alibaba, and Meituan all fell by over 1%. XPeng rose by 1.6%, Li Auto rose by 1.8%, Nio rose by 2.1%, BYD rose by 2.8%, and Xiaomi rose by 3.9%

Wallstreetcn

YUM China

BIDU-SW

Xiaomi Corporation

BYD Company Limited

XIAOMI-W

Baidu

BYD Company

XPENG-W

BYD COMPANY

XPeng

Alibaba

The Hang Seng Index has risen for three consecutive days, closing today at 27,266 points, an increase of 0.3%. The net inflow from the northbound trading was HKD 4.816 billion, with the total market turnover reaching HKD 217.218 billion. The US Dollar Index has declined, with increasing market expectations for a rate cut in the United States. The performance of tech stocks was mixed, with Xiaomi's stock price rising nearly 4.3%, while Tencent and Alibaba saw slight declines. The quarterly review results released by MSCI showed that SenseTime and Pony.ai's stock prices rose by 2.9% and 2.6%, respectively

The Hang Seng Index rises for three consecutive days, with net inflow from northbound capital exceeding 4.8 billion; Xiaomi and BYD rise

02513

01072

01093

01801

09992

01818

03986

09980

01880

KNOWLEDGE ATLAS(02513) rose 14.81%, with a trading turnover 1.1 Billion HKD, and a year-to-date rose 173.5%. DONGFANG ELEC(01072) rose 7.11%, with a trading turnover 810.9 Million HKD, and a year-to-date rose 23%. ZHAOJIN MINING(01818) fell 5.83%, with a trading turnover 1.7 Billion HKD, and a year-to-date rose 6.1%. GIGADEVICE(03986) fell 3.82%, with a trading turnover 252.3 Million HKD, and a year-to-date rose 86.4%.

- The Hang Seng Index increased by 0.58%, with a year-to-date rise of 6.1%.  
- The Hang Seng Tech Index rose 0.62%, but has declined 1.2% for the year.  
- Stocks like Zhihua (02513) surged by 14.81% and recorded a significant yearly gain of 173.5%, while stocks like Zhaojin Mining (01818) dropped by 5.83% despite a yearly increase of 6.1%.

Top Gainers & Losers

DONGFANG ELEC

CSPC PHARMA

INNOVENT BIO

POP MART

ZHAOJIN MINING

GIGADEVICE

EASTROC

CTG DUTY-FREE

Top 5 HK Stock Gainers/Losers (>100B) (2.10)

09618

On February 10th, the Hong Kong stock market showed a mild recovery in sentiment during trading, with the three major indices continuing their upward trend. The Hang Seng Index rose 0.43% to close at 27,142.49 points, and the Hang Seng Tech Index increased by 0.69%. On the market, the retail sector saw a broad increase driven by the surge in Alibaba's AI data, with Alibaba rising 1.39%. The internet content sector exhibited mixed performance, with Tencent Holdings falling 2.14% and Kuaishou rising 2.09%. On the macro front, investors are focusing on the upcoming CPI and unemployment rate data, intensifying capital speculation

- On February 10, Hong Kong's stock market indices continued to rise, with the Hang Seng Index at 27,142.49, up 0.43%.  
- The technology sector saw mixed performance as Tencent fell 2.14% amid AI competition, while Alibaba rose 1.39% due to increased user engagement from their AI application.  
- Investors are closely watching upcoming macroeconomic data, including CPI and unemployment rates, to gauge inflation and employment resilience, which could influence market direction.

JD-SW

WANKA ONLINE

XUNCE

EDGE MEDICAL-B

CHINA WACAN

ALLIED GROUP

Hwabao CSI HK Equities Internet ETF

Harvest Hang Seng SCHK Technology ETF

E Fund CSI HK Connect Internet ETF

KraneShares 2x Long BABA Daily ETF

Hong Kong stocks intraday | The three major indices fluctuated upward, the retail sector rose broadly, Alibaba rose 1.39%, Tencent Holdings fell 2.14%

03033

The short selling amount in the Hong Kong stock market reached HKD 18.04 billion in the half-day session, accounting for 16.7% of the total shortable stock turnover of HKD 108.02 billion. The main shorted stocks include Meituan-W with a short selling ratio of 28.2% and a short selling amount of HKD 1.12 billion; CSOP Hang Seng Technology with a short selling ratio of 44.6% and a short selling amount of HKD 1.03 billion; Alibaba-W with a short selling ratio of 16.9% and a short selling amount of HKD 970 million; POP MART with a short selling ratio of 24.1% and a short selling amount of HKD 880 million; and HSCEI with a short selling ratio of 13.8% and a short selling amount of HKD 660 million

BABA 2x Long Daily ETF - GraniteShares

Tianhong Hang Seng TECH ETF(QDII)

ChinaAMC Hang Seng Technology ETF(QDII)

Hang Seng TECH ETF I

Dacheng Hang Seng Technology ETF(QDII)

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

China Southern Hang Seng ETF

HSCEI ETF

ChinaAMC Hang Seng ETF

Ping An HK Equities HSCEI ETF

The short selling in the Hong Kong stock market for half a day was HKD 18.04 billion, accounting for 16.7% of the total turnover of shortable stocks

The Hong Kong stock market rose in the morning session, with the Hang Seng Index up 146 points, reporting at 27,173 points. Technology stocks showed mixed performance, with Tencent and Meituan declining, while KUAISHOU and JD rose. AI stocks continued to be in demand, with KNOWLEDGE ATLAS's stock price increasing by 21%. Pharmaceutical stocks also attracted market attention, with a total transaction volume of 133.823 billion yuan

GF CSI HK Innovative Drugs Industry ETF(QDII)

E Fund CSI 300 Health Care ETF

FI2 CSOP HSI

China Universal 800 Health Care ETF

ChinaAMC SSE Health Care ETF Initiating Fund

FL2 CSOP HSI

"Hong Kong Stocks" Hang Seng Index rises 146 points in half a day, AI and pharmaceutical stocks favored, KNOWLEDGE ATLAS surges 21%

On February 10th, the Hong Kong stock market's three major indices collectively closed higher, with the Hang Seng Technology Index leading the way with a 0.84% increase. On the market, the surge in AI applications and the rebound of Chinese concept stocks drove the retail sector up, with Alibaba rising 1.46% and JD.com increasing 2.32%. The restaurant sector weakened due to the drag from heavyweight stocks, with Meituan falling 3.02% and HAIDILAO dropping 3.0%. In terms of capital, the market is in a macro data vacuum period, focusing on liquidity games. In individual stocks, POP MART performed strongly with a 4.35% increase, while Tencent Holdings had the highest trading volume but slightly fell by 1.07%

- On February 10, Hong Kong stocks showed a collective increase, with the Hang Seng Index closing at 27,172.87 points, up 0.54%.  
- The tech sector led the gains, with the Hang Seng Tech Index rising 0.84%, while the retail sector benefited from optimism surrounding AI applications.  
- Several individual stocks experienced notable movements, such as Global Printing Holdings surging 59.18% and Meituan dropping 3.02%, reflecting varied investor sentiment across sectors.

UNI PRINTSHOP

MODERN CHI MED

BAO PHARMA-B

Hang Seng Index

Hang Seng Composite Index

CAM HS TECH

GX HS TECH

FI CSOP HSI

Krne Csi China Internet

Hong Kong Stock Midday Review | Hang Seng Tech Index rises 0.84%, AI logic helps Alibaba rise 1.46%, weight drags Meituan down 3.02%

02388

01888

02356

The Hang Seng Index closed at 27,173 points, up 146 points or 0.5%; the Hang Seng Tech Index reported 5,463 points, up 45 points or 0.8%. Meituan fell over 3%, while YUM CHINA, BOC HONG KONG, HSBC, DAHSING BANK, and KB LAMINATES all reached new highs. Among active stocks, Xiaomi, Alibaba, and Ping An all saw varying degrees of increase. The overall market performance was positive, with some small and medium-sized stocks like China Literature and Fubo Group showing significant gains

BOC HONG KONG

KB LAMINATES

DAHSING BANKING

The Hang Seng Index closed at 27,173 points, up 146 points; the Hang Seng Tech Index closed at 5,463 points, up 45 points. Meituan fell over 3%. YUM CHINA, BOC HONG KONG, HSBC, DAHSING BANKING, and KB LAMINATES reached new highs

The Hong Kong stock market opened higher in the morning, with the Hang Seng Index rising 175 points to 27,202 points, and the National Index and Hang Seng Tech Index increasing by 58 points and 44 points, respectively. Major tech stocks such as Tencent, Meituan, and NetEase all saw varying degrees of increase. Financial stocks like HSBC opened 0.9% higher at HKD 140.5. POP MART opened 2.4% higher, with global sales exceeding 400 million units last year. Domestic property stock Longfor saw a 45% decrease in sales, with a slight increase in stock price of 0.5%

HSBC HOLDINGS

Hang Seng China Enterprises Index

"Hong Kong Stocks" The Hang Seng Index opened high at 175 points, NetEase and POP MART rose, HSBC surpassed 140 HKD

02800

The short selling amount in the Hong Kong stock market reached HKD 18.8 billion in half a day, accounting for 16.9% of the total transaction of shortable stocks at HKD 110.93 billion. The main shorted stocks include CSOP HS TECH with a short selling ratio of 30.2% and a short selling amount of HKD 1.16 billion; Xiaomi Group-W with a short selling ratio of 40.8% and a short selling amount of HKD 1 billion; TRACKER FUND with a short selling ratio of 11.3% and a short selling amount of HKD 960 million; MEITUAN-W with a short selling ratio of 45.7% and a short selling amount of HKD 920 million; Alibaba-W with a short selling ratio of 17.7% and a short selling amount of HKD 900 million

TRACKER FUND

The short selling in Hong Kong stocks for half a day reached HKD 18.8 billion, accounting for 16.9% of the total turnover of shortable stocks

DingDong was acquired by Meituan for USD 717 million, marking the end of the front warehouse model. Although DingDong performed excellently in the fresh e-commerce market, maintaining profitability and operating over 1,000 front warehouses, high costs limited its expansion. This acquisition will provide DingDong with funding and traffic support from Meituan, aiding its expansion in the national market. Meituan enhanced its influence in instant retail in the East China market through this acquisition

- Meituan's acquisition of Dingdong Maicai for $717 million marks a pivotal moment in the 2026 instant retail competition, highlighting "quality" as the new focal point.  
- The move signifies the end of the dark warehouse business model, previously seen as unsustainable due to high costs, as evidenced by Yummy's decline.  
- With this acquisition, Dingdong Maicai can leverage Meituan's resources to enhance its national market influence while competing effectively in the rapidly evolving retail landscape.

DingDong

DingDong sells itself, the front warehouse model comes to an end

Just bought my first Hong Kong stock, Meituan, through Stock Connect.I think Wang Xing is a tough guy who won't be knocked down.Finally got to experience Stock Connect.The overall operation was okay.Still figuring it out.Not investment advice!

MEITUAN-WR

Meituan HK SDR 5to1

Today’s Key News Recap

Feb 6 | Dolphin Research focus: 🐬 Stock 1, $BABA-W(09988.HK) Alibaba's Qwen app launched a 'Spring Festival RMB 3bn free-order' campaign today. The first wave centers on AI one-line prompts to order milk tea for free.Notably, WeChat further blocked today the promo passwords for red-envelope campaigns run by both Alibaba Qwen and Tencent Yuanbao. As a result, those keywords can no longer be copied or recognized in private or group chats.The move aims to protect WeChat's platform ecosystem and curb over-marketing that disrupts user experience. It also helps defend its social-traffic moat...

TENCENT-R

BABA-WR

Amazon

Roblox

LI AUTO-W

Li Auto

NIO-SW

NIO Inc. USD OV

Alibaba HK SDR 5to1

Tencent HK SDR 10to1

Alibaba Qwen's Lunar New Year free-order promo was blocked by WeChat; Nio surged after its first-ever quarterly profit | Daily News Recap

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It is terrible that silver's entire gains are wiped out. Where did the money go to?

Featured

I’m surprised to hear about the threat to $Novo Nordisk AS(NVO.US). I thought their drug would be protected by patents.

Dacai

Amzn down 10% is not a surprise with all other tech companies also falling greatly after announcing more than expected capex for 2026. US traders taking profits before tax season, people panic selling, institutions force selling to drive down the prices are what's causing this dip in the stock market. Eventually, these institutions will also be the ones buying the bottom and driving the rally once more. Investors just sit tight and dca into the stocks they have conviction and wait out.

Grab

NewUser_CkrdqW 

Metals &amp; AMZN crash on a wild Friday. A $717M deal and Nio's profit surprise inside. Share your view &amp; earn Task Coins!

🔥 Market Snapshot:  Metals Crash, AMZN Plunge & $717M Deal | Feb 6, 2026

BPMTUAN@EC2602A(18865.HK)

Hong Kong stock market intraday | Hang Seng TECH Index down 1.58%, Tencent down 2.83%, Meituan down 3.38%

Trump praises employment data exceeding expectations; Hang Seng Index opens down 55 points; Meituan drops over 2%; Zhihui increases nearly 9% | Hong Kong stock market opens

"Hong Kong Stocks" The Hang Seng Index opened 55 points lower, Netease and Bud APAC declined, WUXI BIO rose

The Hang Seng Index rises for three consecutive days, with net inflow from northbound capital exceeding 4.8 billion; Xiaomi and BYD rise