JPMTUAN@EC2603E

Alibaba and Meituan Engage in Fierce Competition in Instant Retail

Sunmi Technology Passes Listing Hearing, Meituan is a Shareholder

Media highlights Meituan AI's application and problem-solving capabilities during the Spring Festival

Meituan's online orders for New Year's Eve dinners increased by 207% year-on-year

Meituan Reportedly to Acquire Dingdong Maicai's China Business for $717 Million

Meituan's Xiaoxiang Supermarket adds a 3 yuan service fee per order during the Spring Festival

Meituan launches robot delivery service at Nanjing Airport

State Administration for Market Regulation summons Meituan, Alibaba, Tencent and other platform companies for a meeting

Hang Seng Indexes Company Quarterly Review: Meituan's weighting in the HSTECH increases to 8%

Meituan Acquires Dindong to Secure Market Position for Defensive Purposes

Meituan Expects Loss of About 23.3 to 24.3 Billion Yuan in 2025

Meituan expects net loss of 23.3 billion to 24.3 billion yuan in 2025

Meituan expects Q1 2026 losses to continue but maintains stable operations

Moody's Revises Meituan's Rating Outlook to 'Negative'

Meituan accelerates overseas expansion with the official launch of its food delivery platform Keeta in Qatar

Meituan Travel releases a report, revealing the Top 3 popular destinations for intangible cultural heritage customs experiences in 2026

Meituan Select business suffers huge investment loss, triggering industry warnings

Multiple regions issue food delivery compliance guidelines, demanding platforms stop low-price vicious competition

Meituan's stock price fell over 4% on February 13, with its market capitalization dropping below HK$500 billion

Xinhua article describes a more convenient Chinese New Year, facilitated by platforms like Meituan

GUANZE MEDICAL

PCPD

STARCOIN GROUP

HUILI RES

TIMES UNI GP

MANY IDEA CLOUD

WALNUT CAP

SILKWAVE INC

HUA LIEN INT'L

WAI CHUN GROUP

03690

MEITUAN-W issued a profit warning, expecting a loss of between RMB 23.3 billion and RMB 24.3 billion for the fiscal year 2025, a significant turnaround from a profit of RMB 35.808 billion in the previous year. The loss is mainly due to the core local commerce segment shifting from operating profit to an operating loss of RMB 6.8 billion to RMB 7 billion. The loss trend is expected to continue into the first quarter of 2026. To respond to competition, the group is increasing its investment in the ecosystem, enhancing marketing, improving service quality, and supporting merchant operational efficiency. The group's operating condition is stable, with sufficient cash to support business development

AASTOCKS

MEITUAN

"Profit Warning" Meituan estimates a loss of at least 23.3 billion RMB last year, with the loss trend continuing this season

BIDU

06618

TCEHY

MPNGY

00700

512380

BABX

On February 13th, the State Administration for Market Regulation interviewed platform companies such as Alibaba, Douyin, Baidu, Tencent, JD.com, Meituan, and Taobao Flash Sale, requiring them to comply with relevant laws and regulations, fulfill their main responsibilities, standardize promotional activities, and eliminate "involutionary" competition to maintain a fair competitive market environment and promote the innovation and healthy development of the platform economy

- On February 13, the State Administration for Market Regulation discussed compliance with various laws aimed at promoting fair competition with major platforms including Alibaba, Douyin, Baidu, Tencent, JD.com, Meituan, and Taobao Shanguo.  
- The platform enterprises were urged to eliminate "involution" competition and to enhance responsible promotional practices to foster a healthy platform economy.  
- The article also includes a disclaimer about investment risks and advises users to consider their individual circumstances before making investment decisions.

Wallstreetcn

Baidu

JD HEALTH

JD LOGISTICS

Tencent

JD.com

Meituan

ALI HEALTH

JD-SW

BABA-W

TENCENT

Tencent Holdings Limited

Yinhua MSCI China A ETF

Global X E-commerce ETF

iShares MSCI China

Krne Csi China Internet

BABA 2x Long Daily ETF - GraniteShares

The State Administration for Market Regulation interviewed platform companies such as Alibaba, Douyin, Baidu, Tencent, JD.com, Meituan, and Taobao Flash Sale

BABA

09888

On February 13th, the State Administration for Market Regulation interviewed seven platform companies, including Alibaba, Douyin, Baidu, Tencent, JD.com, Meituan, and Taobao Flash Sale, requiring them to strictly comply with relevant laws and regulations, fulfill their main responsibilities, standardize promotional activities, and eliminate "involution" competition to maintain a fair competitive market environment and promote the innovation and healthy development of the platform economy

Alibaba

KraneShares 2x Long JD Daily ETF

BIDU-SW

The State Administration for Market Regulation interviewed 7 platform companies

In January, China's new social financing reached 7.22 trillion yuan, with new RMB loans of 4.71 trillion yuan, and M2 grew by 9.0% year-on-year. In the U.S., the January CPI year-on-year was 2.4%, lower than expected, while the core CPI year-on-year was 2.5%. U.S. Treasury Secretary Janet Yellen stated that inflation is expected to return to 2% by 2026. OPEC+ is inclined to resume production increases starting in April, leading to a decline in international oil prices. Meituan expects to incur a loss of over 23 billion yuan in 2025, while Rivian rose over 22% in pre-market trading. The Nikkei 225 index, Shanghai Composite Index, and Hang Seng Index all closed lower

SPDR Energy Select

ISHRS S&P Glb Engy

iShares US Oil & Gas Expl & Prod

SPDR O&G Ex & Prd

United States Oil Fund LP

VanEck Oil Services ETF

GraniteShares 2x Long RIVN Daily ETF

Rivian Automotive

Pro Ultrshrt Yen

Global news you need to know before the U.S. stock market opens on Friday

Meituan expects to record a loss of approximately RMB 23.3 billion to 24.3 billion for the fiscal year 2025, while it anticipates a profit of approximately RMB 35.808 billion for the fiscal year 2024. The expected loss is primarily due to the operating profit of the core local commerce segment turning from approximately RMB 52.415 billion in 2024 to an operating loss of approximately RMB 6.8 billion to 7 billion in 2025, while the company has increased its investment in overseas operations

- Meituan anticipates a loss of approximately RMB 233 billion to RMB 243 billion for the fiscal year 2025, following a profit of about RMB 358.08 billion in 2024.  
- The expected loss in 2025 is primarily attributed to a shift from operating profit of approximately RMB 524.15 billion in 2024 to an operating loss of around RMB 68 billion to RMB 70 billion in its core local business segment, alongside increased investment in overseas operations.  
- The article includes a risk warning stating that market investments carry risks and advises caution without personal investment recommendations.

Meituan: The Group expects to record a loss of approximately RMB 23.3 billion to RMB 24.3 billion for the fiscal year 2025

00HSI

601899

02899

Hong Kong stocks fell sharply on the last day before the long holiday, with the Hang Seng Index closing at 26,567 points, down 465 points or 1.7%. Meituan plummeted 3.2%, hitting a two-year low, and Zijin Mining dropped 7.6%. The overall market turnover was HKD 257.5 billion, with a net inflow of HKD 20.22 billion from the north. The three major indices rose slightly for the week, with the National Index closing at 9,032 points, down 142 points, and the Tech Index reporting 5,360 points, down 48 points. The resources and precious metals sectors faced a sell-off, and traditional financial stocks also performed weakly

- Hong Kong's stock market faced heavy selling pressure before a long holiday, with the Hang Seng Index closing down 465 points at 26,567.  
- Major indices experienced slight weekly gains despite the day's decline; Meituan performed poorly, while Innovent Biologics and WuXi AppTec showed better results among blue chips.  
- Analysts suggest continued pressure on the market as tech stocks remain weak, anticipating potential testing of support around 26,300 points next week.

Stheadline

Hang Seng Index

Zijin Mining

ZIJIN MINING

The Hang Seng Index fell by 465 points, Meituan dropped sharply by 3%, and Zijin Mining declined by 8%. Experts expect the market to be weak in the first half of the day before the holiday｜Hong Kong stock market closing

03033

82828

02800

The total short selling amount in the Hong Kong stock market reached HKD 45.73 billion, accounting for 20.3% of the total shortable stock turnover of HKD 225.24 billion. This is an increase from the previous day's 16.5%. The five stocks with the highest short selling amounts are: TRACKER FUND short selling ratio 37.9%, short selling amount HKD 6.83 billion; CSOP HS TECH short selling ratio 34.4%, short selling amount HKD 2.85 billion; MEITUAN-W short selling ratio 25.8%, short selling amount HKD 2.11 billion; HSCEI ETF-R short selling ratio 12.7%, short selling amount HKD 1.69 billion; Alibaba-W short selling ratio 15.4%, short selling amount HKD 1.67 billion

CSOP HS TECH

HSCEI ETF-R

TRACKER FUND

The total short selling in the Hong Kong stock market for the day was HKD 45.73 billion, accounting for 20.3% of the turnover of shortable stocks

01024

On February 13th, the Hong Kong stock market collectively adjusted, with the Hang Seng Index falling 1.72%, breaking below short-term highs. The internet and retail sectors experienced widespread declines, influenced by the macro environment and intensified competition, with heavyweight stocks like Meituan and Alibaba weakening. The restaurant sector showed mixed performance, with Haidilao rising against the trend due to recovery expectations. In terms of individual stocks, Yingda Real Estate surged over 39% on expectations of profits from asset sales. The market has entered a short-term consolidation period, with funds focusing on liquidity changes and policy directions

- On February 13, Hong Kong stocks declined collectively after reaching a short-term high, with the Hang Seng Index falling 1.72% to 26,567.12 points. 
- The retail sector suffered due to intense price competition and weak consumer sentiment, impacting major players like Alibaba and JD.com. 
- Amid mixed macroeconomic signals, investors are advised to consider defensive opportunities in high-dividend and policy-benefited sectors.

Market Heartbeat

KUAISHOU-W

MNSO

HAIDILAO

YUM CHINA

AFFLUENT FDN

Hong Kong Stock Market Closing | Hang Seng Index fell 1.72%, Meituan dropped 3.18% leading the blue chips, Yingda Real Estate surged 39% on positive news

00826

KBAB

The Hang Seng Index closed at 26,567 points, down 465 points or 1.7%. The Hang Seng Tech Index reported 5,360 points, down 48 points or 0.9%. The total market turnover was HKD 257.578 billion. Meituan fell over 3%, while major stocks such as Ping An, Hong Kong Exchanges and Clearing, and Alibaba also declined. WH Group, New World Development, and TIANGONG INT'L reached new highs with active trading

TIANGONG INT'L

KraneShares 2x Long BABA Daily ETF

According to the Hong Kong Daily News, the Hang Seng Index fell by 465 points; the Hang Seng Tech Index dropped by 48 points. Meituan fell by over 3%. WH Group, Sun Hung Kai Properties, TIANGONG INT'L, Minmetals Development, and China Overseas Grand Oceans reached new highs with active trading

02706

On February 13th, the Hong Kong stock market showed weak sentiment, with all three major indices declining collectively. The Hang Seng Index fell 1.86% during the session and failed to hold its high position, while the Hang Seng TECH Index dropped 1.31%. Under the dual pressure of cooling expectations for a Federal Reserve interest rate cut and intensified industry competition, technology and consumer heavyweight stocks experienced widespread declines. Meituan fell over 3% due to market concerns about a new round of price wars, with Baidu, Alibaba, and others following suit in their corrections. Market risk aversion increased, with funds waiting for the core data at the end of the month to validate the recovery's strength. In terms of individual stocks, the new stock HAIZHI TECH GP surged over 224%, becoming the biggest highlight of the session

- As of February 13, 2026, Hong Kong's stock indices faced downward pressure, with the Hang Seng Index dropping 1.86% to 26,529.94 points amid weakening buying momentum.  
- The technology and retail sectors experienced declines due to concerns over competition and market dynamics, with companies like Tencent and Alibaba seeing significant decreases in share prices.  
- Investors remain cautious, awaiting crucial data later in the month to gauge economic recovery signals and their impact on major sectors.

HAIZHI TECH GP

INNOVENT BIO

Hang Seng TECH Index

Hong Kong stock market intraday | The Hang Seng Index fell 1.86% under pressure, technology stocks broadly declined, Meituan dropped 3.48%, and the new stock HAIZHI TECH GP surged 224%

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513180

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The short selling amount in the Hong Kong stock market reached HKD 20.27 billion in the first half of the day, accounting for 19.3% of the turnover of shortable shares. The main shorted stocks include TRACKER FUND, Meituan-W, CSOP HS TECH, XIAOMI-W, and Alibaba-W, with short selling ratios of 33.7%, 30.6%, 28.8%, 38.2%, and 11.7%, respectively

Tianhong Hang Seng TECH ETF(QDII)

Hwabao CSI HK Equities Internet ETF

ChinaAMC Hang Seng Technology ETF(QDII)

XIAOMI-W

Dacheng Hang Seng Technology ETF(QDII)

Hang Seng TECH ETF I

Xiaomi Corporation

E Fund CSI HK Connect Internet ETF

AXA SPDB CSI Hugangshen Game and Culture Media ETF

China Southern Hang Seng ETF

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

ChinaAMC Hang Seng ETF

The short selling in Hong Kong stocks for half a day amounted to HKD 20.27 billion, accounting for 19.3% of the total turnover of shortable shares

STECH

03067

The Hang Seng Index opened 392 points lower this morning, with a maximum drop of 494 points, closing at 26,548 points, down 484 points or 1.79%. The turnover was HKD 128.406 billion. The Tech Index fell 89 points or 1.65%. Meituan dropped 4.53%, and Zijin Mining fell 5.19%. HAIZHI TECH GP debuted today, closing at HKD 89.1, up 229.2% from the listing price. The three major U.S. stock indices fell sharply, with technology stocks generally declining, and major stocks like Apple and Cisco performing poorly

- The Hang Seng Index opened down 392 points, closing at 26,548 points, a drop of 484 points or 1.79%, with a turnover of HK$128.4 billion.  
- Major tech stocks faced heavy selling pressure, with Meituan down 4.53% and Alibaba down 2.27%.  
- In the U.S. market, all three major indices fell sharply, influenced by declining technology stocks and concerns over AI's impact on traditional industries.

ISHARESHSTECH

The Hang Seng Index fell 484 points in the half-day session, Meituan dropped 4.5%, Zijin Mining fell by 5%, and Haizhi Tech GP rose by 229%｜Hong Kong stock market opens

On February 13th, the three major indices of Hong Kong stocks collectively weakened in the morning session, with the Hang Seng Index falling by 1.79% and the Hang Seng TECH Index dropping by 1.65%. Affected by regulatory interviews and profit-taking pressure, technology stocks fell across the board, with MEITUAN down 4.54%, Baidu down 3.78%, and JD.com down 3.04%. Although Tencent continued to attract attention from southbound funds, its stock price still adjusted down by 1.68%. Individual stocks showed divergence, with AI concept stock Zhipu surging over 28% against the trend, and catering leader Haidilao rising by 2.22%. Market risk aversion sentiment is rising, entering a phase of digestion and consolidation in the short term

- On February 13, Hong Kong's three major indices fell after a recent high, indicating profit-taking pressure amid heightened risk aversion.  
- The Hang Seng Index closed at 26,548.41 points, dropping 1.79%, with the technology and retail sectors, including Tencent and Alibaba, showing significant declines due to regulatory concerns.  
- Market focus is shifting to external liquidity and mainland economic recovery, as the upcoming macro data release is anticipated to influence market direction.

KNOWLEDGE ATLAS

CAM HS TECH

HSTECH ETF

FL2 CSOP HSI

FI2 CSOP HSI

Hong Kong Stock Midday Review | The Hang Seng Index fell 1.79%, tech stocks collectively declined, while AI concept stock Zhipu surged over 28% against the trend

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

XPENG-W

XPeng

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 

Current rate of return reached top 10% of users
Calculated based on  your Longbridge (Singapore) A/C

Rate Of Return

A sharp contrast between overvalued US tech stocks that we priced for perection Vs Chinese NIO that is beaten down and with lowered expectations.

LazyCat

Dividend Collector

Current rate of return reached top 30% of users
Calculated based on  your Longbridge (Singapore) A/C

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

Hims & Hers Health

ETFS Capital Ltd.

ING Groep

Spotify

Hasbro

Guess

SPDR Gold Shares

iShares Silver Tr

Pro Ultr Silver

GLD SG

Qualcomm

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

JPMTUAN@EC2603E(20538.HK)

"Profit Warning" Meituan estimates a loss of at least 23.3 billion RMB last year, with the loss trend continuing this season

The State Administration for Market Regulation interviewed platform companies such as Alibaba, Douyin, Baidu, Tencent, JD.com, Meituan, and Taobao Flash Sale

The State Administration for Market Regulation interviewed 7 platform companies

Global news you need to know before the U.S. stock market opens on Friday

Meituan: The Group expects to record a loss of approximately RMB 23.3 billion to RMB 24.3 billion for the fiscal year 2025