CIMTUAN@EC2606A

Meituan Records Net Inflow from Southbound Stock Connect

Meituan upgrades its New Year's Eve dinner reservation service, introducing a deposit system and VR room viewing feature.

Meituan's Half-Day Short Selling Value Surges by 1.3 Times, Ranking First Among Stocks

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

Meituan distributes Spring Festival benefits to over a million riders, offering a 10,000 yuan "Dream Fund" for veteran riders of over ten years

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

BOER POWER

WAI CHUN GROUP

HUAYUEXPRESSWAY

ASIA ENERGY LOG

KNOWLEDGE ATLAS

HING LEE (HK)

JH EDUCATION

TBKS HLDGS

SIMPLICITY HLDG

03690

TCTZF

TCEHY

09992

09988

BABX

KBAB

According to the Hong Kong Stock Connect data, Tencent had a net inflow of HKD 1.429 billion, Xiaomi Group had a net inflow of HKD 1.02 billion, and MEITUAN had a net inflow of HKD 985 million. In terms of net outflows, POP MART saw an outflow of HKD 301 million, Changfei had an outflow of HKD 75.36 million, and Alibaba had an outflow of HKD 10.41 million. The total net outflow for the day was HKD 0, with a total transaction amount of HKD 94.777 billion, accounting for 39.70% of the total market transaction amount

AASTOCKS

MEITUAN

Tencent Holdings Limited

Tencent

POP MART

BABA-W

BABA 2x Long Daily ETF - GraniteShares

KraneShares 2x Long BABA Daily ETF

Net inflow of HKD 1.429 billion for Tencent through Stock Connect

02513

03986

00100

01072

00020

01876

00992

09999

09961

KNOWLEDGE ATLAS(02513) rose 28.68%, with a trading turnover 2.6 Billion HKD, and a year-to-date rose 246%. GIGADEVICE(03986) rose 20.95%, with a trading turnover 1.1 Billion HKD, and a year-to-date rose 121%. BUD APAC(01876) fell 5.21%, with a trading turnover 245.6 Million HKD, and a year-to-date rose 3.2%. LENOVO GROUP(00992) fell 4.56%, with a trading turnover 2.3 Billion HKD, and a year-to-date fell 2.8%.

Top Gainers & Losers

GIGADEVICE

MINIMAX-WP

DONGFANG ELEC

SENSETIME-W

BUD APAC

LENOVO GROUP

NTES-S

TRIP.COM-S

Top 5 HK Stock Gainers/Losers (>100B) (2.12)

00700

09888

01024

09618

On February 12th, the three major indices of the Hong Kong stock market collectively adjusted, with the Hang Seng Index falling 0.86% to 27,032.54 points, and the Hang Seng TECH Index dropping 1.65%. In terms of sectors, internet and restaurant stocks generally declined, with Meituan falling 4.5%, and Tencent and Baidu both moving lower; SenseTime surged 6.77% against the trend due to capital inflow, and Zijin Mining rose 3.45%. Investors are closely monitoring liquidity indicators such as M3 and foreign exchange reserves, and market sentiment is becoming cautious

- On February 12, Hong Kong stocks closed lower after recent highs, with the Hang Seng Index down 0.86% at 27,032.54 points.  
- Major sectors like internet content and restaurants faced significant declines, illustrating investor caution amid recovery challenges in consumption.  
- The market is focused on macro liquidity and economic recovery indicators, particularly retail sales and unemployment rates, to gauge future economic prospects.

Market Heartbeat

TENCENT

BIDU-SW

KUAISHOU-W

HAIDILAO

YUM CHINA

JD-SW

ILUVATAR COREX

Hang Seng TECH Index

FI2CAMNDQ100

FI CSOP HSI

FI2 CSOP HSI

Meituan

Hang Seng Index

FL2 CSOP HSI

CSOP HS TECH

Hong Kong Stock Market Closing | Hang Seng Index fell 0.86%, losing high ground, Meituan plummeted 4.5% leading the decline in technology and dining sectors, SenseTime surged 6.77% against the trend

BABA

MPNGY

Alibaba (9988) plans to increase investment in Taobao Flash Sale, aiming to surpass Meituan's market share by 2026. Management encourages the team to avoid losses in the next three years, focusing on developing instant retail, especially high-ticket orders. Despite a temporary drop in stock prices, Alibaba will continue to explore in-store business and plans to fully advance its strategy after the Spring Festival

- Alibaba's core management encouraged the continuation of bold Taobao flash sales while aiming for no loss burden in the next three years.  
- In 2026, Taobao flash sales will intensify, focusing on instant retail, particularly high-value orders above 30 RMB, and optimizing delivery operations.  
- The internal strategy includes exploring various scenarios for in-store services and a plan to gain market share over Meituan by summer, following an early start due to the Spring Festival.

Stheadline

Alibaba

Krne Csi China Internet

Amplify Online Retail ETF

Global X E-commerce ETF

ProShares Online Retail

YieldMax BABA Option Income Strategy ETF

Alibaba is rumored to boldly increase investment in Taobao Flash Sale, with no losses for 3 years, striving to surpass Meituan in market share

09896

On February 12th, the three major indices of the Hong Kong stock market collectively weakened during the session, with the Hang Seng Index falling 0.92% around the 27,000-point mark, and the Hang Seng Technology Index leading the decline with a drop of 1.59%. Affected by concerns over intensified AI competition, internet technology stocks fell broadly, with Tencent Holdings down 2.28%; the catering sector saw a significant pullback, with Meituan dropping 4.73%. Funds focused on AI applications and restructuring concepts, with KNOWLEDGE ATLAS, MiniMax, and others rising against the trend, while BOER POWER surged over 112% due to restructuring expectations. Market sentiment remains cautious, awaiting guidance from macroeconomic data

- On February 12, Hong Kong's three major stock indices declined collectively, indicating cautious market sentiment after hitting peak levels the previous day.  
- The Hang Seng Index fell by 0.92% to 27,014.81, while the Hang Seng Tech Index experienced a 1.59% drop, and the Hang Seng China Enterprises Index decreased by 1.02%.  
- Concerns over intensified competition among AI models affected various sectors, particularly internet content, retail, and restaurant segments, leading to a generally defensive investor mood awaiting further policy guidance.

MNSO

UNISOUND

Tianhong Hang Seng TECH ETF(QDII)

HSTECH ETF

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

Hong Kong stock market intraday | Hang Seng Tech Index fell 1.59%, with the restaurant and internet sectors experiencing widespread declines, Meituan dropped 4.73%, and BOER POWER surged 112%

XIACY

601899

The short selling amount in the Hong Kong stock market reached HKD 16.05 billion in the half-day session, accounting for 15.3% of the total shortable shares traded. The main shorted stocks include Meituan-W with a short selling ratio of 31.8% and a short selling amount of HKD 1.15 billion; Zijin Mining with a short selling ratio of 35.2% and a short selling amount of HKD 1.06 billion; Tencent Holdings with a short selling ratio of 6.8% and a short selling amount of HKD 850 million; Xiaomi Group-W with a short selling ratio of 25.4% and a short selling amount of HKD 730 million; Alibaba-W with a short selling ratio of 12.5% and a short selling amount of HKD 600 million

Xiaomi Corporation

Zijin Mining

XIAOMI-W

ZIJIN MINING

The short selling in Hong Kong stocks for half a day reached HKD 16.05 billion, accounting for 15.3% of the total turnover of shortable stocks

02359

09899

603259

02269

The Hong Kong stock market was under pressure in the morning session, with the Hang Seng Index down 242 points, closing at 27,023 points. The National Index fell by 89 points, and the Hang Seng Tech Index dropped by 92 points. Technology stocks generally declined, with Trip.com, Meituan, and NetEase experiencing significant losses. SenseTime rose 5.2% against the trend. Market expectations for a Federal Reserve rate cut have cooled, leading to a slight decline of 66 points in the Dow Jones Industrial Average

WUXI APPTEC

NETEASE MUSIC

WuXi AppTec

WUXI BIO

NetEase

"Hong Kong Stocks" Hang Seng Index fell 242 points in the half-day, with technology investment stocks leading the decline, while domestic property and WuXi AppTec stocks performed well

09626

On February 12th, the Hong Kong stock market closed at noon, with the three major indices collectively adjusting after yesterday's surge, and the Hang Seng TECH Index fell by 1.68%. Technology heavyweight stocks were all weak, with Meituan leading the decline, dropping 4.16%, while Tencent and Alibaba also weakened simultaneously. The catering and retail sectors were dragged down by market sentiment. Despite the overall market weakness, ZIJIN MINING rose against the trend by 2.25%, and YOFC surged by 11.35%. Market funds have entered a wait-and-see period, awaiting inflation data to verify the sustainability of consumer recovery

- On February 12, Hong Kong stocks experienced a technical correction after a previous surge, with major indices all declining.  
- The Hang Seng Index fell 0.89% to 27,024.06, while technology and retail sectors were notably affected, with Tencent down 2.65% and Meituan down 4.16%.  
- Market sentiment is cautious ahead of upcoming macroeconomic data releases, including CPI and unemployment rates, vital for assessing the sustainability of local consumption recovery.

BILIBILI-W

HPC HOLDINGS

TOUYUN BIOTECH

HANVEY GROUP

YOFC

Hong Kong Stock Market Mid-Review | The Hang Seng Index fell 0.89%, technology weights weakened across the board, Meituan plummeted 4.16%, and YOFC surged 11.35%

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.

JD-SWR

LEMO SERVICES

TJCD

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

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.

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

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

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

YUMC

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

BYD Company Limited

Baidu

BYD Company

XPENG-W

BYD COMPANY

XPeng

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

01093

01801

01818

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%.

CSPC PHARMA

INNOVENT BIO

ZHAOJIN MINING

EASTROC

CTG DUTY-FREE

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

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.

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

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

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

DingDong

NIO-SW

NIO Inc. USD OV

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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CIMTUAN@EC2606A(19090.HK)

Net inflow of HKD 1.429 billion for Tencent through Stock Connect

Top 5 HK Stock Gainers/Losers (>100B) (2.12)

Hong Kong Stock Market Closing | Hang Seng Index fell 0.86%, losing high ground, Meituan plummeted 4.5% leading the decline in technology and dining sectors, SenseTime surged 6.77% against the trend

Alibaba is rumored to boldly increase investment in Taobao Flash Sale, with no losses for 3 years, striving to surpass Meituan in market share

Hong Kong stock market intraday | Hang Seng Tech Index fell 1.59%, with the restaurant and internet sectors experiencing widespread declines, Meituan dropped 4.73%, and BOER POWER surged 112%