BIJDCOM@EC2604B

JD Launches 'Hundred Billion Supermarket' Channel and Increases Subsidies

JD Airlines Launches Three All-Cargo Routes in Hainan

JD Waimai's First Anniversary: Quality Becomes Industry Standard, Market Share Exceeds 15%

JD and DHL Sign Memorandum of Understanding to Support German Brands Expanding into Chinese Market

JD-SW to release FY2025 Q4 earnings on March 5 Pre-Market (BJT), forecast revenue HKD 399.2 B

JD Group applies for JDA JD Insurance Advisor series trademark

JD Robot and AI Related Products Experience Significant Sales and Traffic Growth During Spring Festival

Citibank Adjusts JD's Earnings Forecast and Downgrades Target Price

JD Robots See Surge in Searches and Orders During Chinese New Year Gala

JD Announces 1.3 Billion Yuan Investment in Employee Benefits and Five-Year Logistics Supply Chain Plan for Spring Festival

Glaxis Capital Management LLC Invests in JD.com

JD's Paris Warehouse Theft Case Solved, Majority of Stolen Goods Recovered

JD Announces $22 Billion Investment in 1.5 Million 'Brother's Home' Over the Next Five Years

JD.com and 11Street Establish Strategic Cooperation to Launch Reverse Cross-border E-commerce

JD Air Launches International Cargo Route from Chongqing to South Asia

JD Launches 'JD AI Pay' Smart Payment Solution

JD Launches JoyExpress Delivery Service in Europe

JD Releases Industry-Purchasing Integration Value White Paper to Promote Digitalization of Supply Chain

JD Instant Medication Delivery Business Surpasses Expectations

JD Integrates Kappa Supermarket, Introduces 100 Own-Brand Products

D&G TECH

SHANDONG MOLONG

CHK OIL

PETRO-KING

JIAXIN INTL RES

JX ENERGY

EASY SMART GP

YUANHENG GAS

MIE HOLDINGS

SINOPEC SSC

01301

00632

01921

09988

09896

09618

09888

01024

00700

On March 2nd, the Hong Kong stock market was affected by profit-taking, with the three major indices experiencing significant declines during the session. The Hang Seng Tech Index fell by 2.86%, leading the decline. The internet, hardware, and retail sectors generally weakened, with Xiaomi Group down 4.93% and Baidu down 4.04%. Despite the market adjustment, individual stocks like D&G TECH surged against the trend due to speculative factors. Market sentiment is cautious, and investors are closely monitoring the Hong Kong manufacturing PMI and liquidity changes

- On March 2, the Hong Kong stock market experienced significant declines across major indices, with the Hang Seng Index falling 2.57% to 25,945.88 points due to profit-taking pressures.  
- Key sectors such as retail and internet content suffered, with notable declines in Alibaba and Tencent shares, while macroeconomic factors like PMI and CPI data are closely monitored by investors for insights on local economic recovery.  
- Speculative trading was highlighted by sharp increases in stocks like Deji Technology and Sinopec, suggesting volatility amid broader liquidity concerns and geopolitical factors.

Market Heartbeat

DALIPAL HLDG

BABA-W

MNSO

JD-SW

BIDU-SW

KUAISHOU-W

TENCENT

LONGCHEER

XIAOMI-W

LENOVO GROUP

Xiaomi Corporation

Baidu

Hong Kong stocks intraday | Three major indices fell, technology stocks led the decline, Xiaomi Group dropped 4.93%, Baidu fell 4.04%

06618

02618

JD Delivery announced that it aims to achieve a market share of over 30% by 2026, planning to fully expand into in-store pickup and group buying businesses, with a focus on developing Qixian Kitchen. JD Delivery will extend from food delivery to a broader catering ecosystem, expecting to complete its layout in first- and second-tier cities by the end of 2026. After three months of opening a single Qixian Kitchen store, the average daily order volume exceeded 500, driving an increase in traffic for surrounding restaurants. The first batch will cover one million catering merchants to drive traffic and increase revenue for stores

AASTOCKS

KraneShares 2x Long JD Daily ETF

JD HEALTH

JD LOGISTICS

JD.com

JD Delivery: This year's target market share exceeds 30%

BABX

03690

MPNGY

BABA

KBAB

Meituan, Taobao Flash Sale, and JD.com responded to the newly released takeout regulations. Meituan stated that it will fully implement food safety requirements and increase support for catering merchants. Taobao Flash Sale, in collaboration with ecological partners, will build a food safety co-governance system, emphasizing platform review and public supervision. JD.com Takeout insists on quality takeout, establishing multiple review mechanisms and launching new brands to enhance food safety standards. The new regulations will be implemented starting June 1, requiring takeout merchants to indicate no dine-in and verify their business qualifications with regulatory authorities

BABA 2x Long Daily ETF - GraniteShares

MEITUAN

Meituan

Alibaba

KraneShares 2x Long BABA Daily ETF

Meituan, Taobao Flash Sale, and JD.com respond to new delivery regulations

516530

On the first anniversary of JD Delivery, cumulative user orders exceeded 240 million, with a market share of over 15%. The company rejected 1 million black delivery stores from joining the platform and launched a zero-commission policy, with plans to implement a low commission policy of no more than 5% in the future. In the past year, 150,000 full-time riders were added, and in the next five years, 22 billion RMB will be invested to build a housing security system for riders and provide more career development guarantees

Yinhua CSI Modern Logistics ETF

JD Delivery celebrates its one-year anniversary with a total of over 240 million user orders

09626

On the macro level, China's Two Sessions discuss the government work report and the 14th Five-Year Plan, while the U.S. February non-farm payrolls and the Federal Reserve's Beige Book will reveal the true state of employment. Geopolitically, the U.S. and Israel launch an attack on Iran, with Iran claiming it will initiate the most intense offensive, and new rounds of negotiations are taking place among Russia, Ukraine, and the U.S. On the industrial front, the Electronic Spring Festival kicks off at the 2026 Mobile World Congress, Alibaba Qianwen releases AI glasses, and Apple will hold a new product launch event next week. In terms of earnings reports, MiniMax, JD.com, Bilibili, Broadcom, Credo, and others will announce their performance results intensively

- The week of March 2nd to March 8th features major macroeconomic events like China's National People's Congress sessions and the U.S. non-farm payroll report, which may impact interest rate forecasts.  
- Additionally, geopolitical tensions rise with Iran's military actions against Israel and potential peace talks between Ukraine and Russia.  
- In tech, the Mobile World Congress will showcase innovative AI and communication technologies, with key product launches from companies like Alibaba and Apple.

Wallstreetcn

BILIBILI-W

MINIMAX-WP

Bilibili

Next week's heavy schedule: China's Two Sessions, US Non-Farm Payroll, developments in Iran, MiniMax JD Bilibili financial report

.HXC

03896

The NASDAQ Golden Dragon China Index preliminarily closed down 1.7%, with a cumulative decline of about 5.8% in February. Among popular Chinese concept stocks, Nio fell 4%, Alibaba dropped 2.6%, and New Oriental, Li Auto, JD.com, and others fell over 1%. DAQUAN New Energy rose 0.6%, and Kingsoft Cloud increased by 7%

NASDAQ Golden Dragon China Index

KINGSOFT CLOUD

NIO-SW

Hwabao CSI HK Equities Internet ETF

Kingsoft Cloud

E Fund CSI HK Connect Internet ETF

Roundhill China Dragons ETF

Krne Csi China Internet

Invesco Golden Dragon China

Li Auto

601869

06166

06869

00399

08286

On February 27th, all three major indices of the Hong Kong stock market closed higher, with the Hang Seng Index rising 0.95% to 26,630.54 points, indicating a moderate recovery in market sentiment. Sector performance was mixed; boosted by demand for AI computing power, Longbridge surged 10.06%, while Cambridge Technology fell 8.28%. Large tech stocks showed varied performance, with Tencent Holdings up 1.17%, Kuaishou down 1.18%, and Alibaba slightly down 0.07%. The current market is in a data vacuum period, with funds maintaining high-level fluctuations and consolidating, awaiting further guidance from macro policies

- On February 27, the Hong Kong stock market closed higher, with all three major indices rebounding after a short-term adjustment, signaling a moderate recovery in market sentiment.  
- The Hang Seng Index rose by 0.95% to 26,630.54 points, indicating strong resistance despite not reaching prior highs, while the Hang Seng Technology Index and the Hong Kong Enterprise Index also increased slightly.  
- Focus shifts to post-holiday liquidity and corporate earnings expectations amidst a lack of key macroeconomic data, with investors eyeing U.S. Federal Reserve policies and mainland growth strategies.

YOFC

STARCOIN GROUP

CCOE

SANERGY GROUP

MAINLAND HOLD

ONEFORCE HLDGS

Tencent Holdings Limited

Hong Kong stock market closing | Hang Seng Index rose 0.95%, stabilizing at 26,600 points, YOFC surged 10.06%, Tencent rose 1.17%

513180

03088

Hong Kong tech stocks performed poorly in February 2024, with the Hang Seng Technology Index falling by about 10%, marking the largest monthly decline in two years. Mainland capital significantly reduced holdings, and renowned investor Michael Burry pointed out that Tencent's stock price has seen no growth over the past five years, reflecting structural issues in Hong Kong stocks. Market enthusiasm for Chinese internet giants has waned, with investors shifting towards chip and AI startups. Baidu's stock price dropped over 19% due to weak performance. The market is focusing on the earnings of JD and Bilibili to seek clues about the industry's outlook

- The Hong Kong tech sector has underperformed in the Year of the Horse, with the Hang Seng Tech Index falling nearly 10% this month, marking its largest monthly decline since January 2024.  
- Significant sell-offs from mainland investors and a lack of support have led the index to bear market territory, with a nearly 23% drop from last October's highs.  
- Investor sentiment is shifting towards chip manufacturers and AI startups, and expected earnings reports from JD.com and Bilibili may provide insights into the sector's future.

Stheadline

ChinaAMC Hang Seng Technology ETF(QDII)

CAM HS TECH

ISHARESHSTECH

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

Tianhong Hang Seng TECH ETF(QDII)

CSOP HS TECH

Hong Kong tech stocks fell 10% in February, marking the worst performance in two years. "Big short" Burry laments: Tencent has zero returns over the past five years

As of the time of publication, the three major indices of the Hong Kong stock market are collectively strengthening during the trading session, with the Hang Seng Index approaching its recent high. The internet sector is performing well, with Tencent Holdings leading the way due to strategic adjustments and positive data from the Spring Festival, while Alibaba is rising on expectations for its cloud business. The telecommunications equipment sector is showing divergence, with YOFC reaching a historical high due to demand for AI computing power and inclusion in the MSCI Index. Market sentiment is relatively positive, with funds focusing on macroeconomic recovery and corporate performance

- The Hong Kong stock market shows an overall upward trend with the Hang Seng Index rising by 0.99%, reflecting positive investor sentiment after profit-taking.  
- Major stocks like Tencent and Alibaba experienced gains, driven by strategic adjustments and strong trading performance, particularly in the tech and retail sectors.  
- Macroeconomic factors are under scrutiny, with investors watching retail sales and GDP growth to gauge economic resilience amid evolving Fed monetary policy expectations.

Tencent

Hong Kong stock market intraday | The Hang Seng Index rose 0.99%, approaching the recent high, Tencent Holdings rose 2.44%, YOFC surged 9.10%

On February 27th, the three major indices of the Hong Kong stock market collectively warmed up in the morning session, with the Hang Seng Tech Index rising 1.03% to lead the market, and the Hang Seng Index increasing 0.75% to maintain a strong oscillating pattern. The internet and retail sectors performed actively, with Tencent Holdings leading the trading volume with a rise of 2.83%, Alibaba following with an increase of 1.05%, and Yangtze Optical Fibre rising sharply by 3.85, while stocks like Kuaishou and Cambridge Technology experienced adjustments. On the macro level, the market is in a data vacuum period, with investors waiting for guidance from Hong Kong's retail sales and CPI data, and overall bullish sentiment has somewhat recovered

- On February 27, Hong Kong's three major indices rebounded, with the Hang Seng Tech Index leading the market.  
- The Hang Seng Index rose by 0.75% to 26,578.43 points, and investor sentiment was generally positive, particularly in the technology and retail sectors.  
- Notable individual stock performances included a 125.81% surge in Great Wall Digital's shares following the lifting of its liquidation application, attracting speculative trading.

XUNCE

XIMEI RESOURCES

FI2 CSOP HSI

FI CSOP HSI

Hang Seng Composite Index

Harvest Hang Seng SCHK Technology ETF

Hang Seng Index

FL2 CSOP HSI

Hong Kong Stock Midday Review | Hang Seng Tech Index up 1.03%, Tencent Holdings up 2.83% leading the way, YOFC up 3.85%

On February 27th, during the Hong Kong stock market, the market showed a mild recovery trend, with the three major indices maintaining narrow fluctuations. The Hang Seng Index stabilized above 26,400 points, while the Technology Index consolidated around 5,100 points. In terms of sectors, the internet content and information sector experienced mixed fluctuations, with TENCENT's stock price rising due to favorable AI news, while KUAISHOU faced a pullback due to profit-taking pressure; the communication equipment sector declined overall, with CIG experiencing a significant drop. Market sentiment remained cautious, with investors closely monitoring macroeconomic data guidance

- Hong Kong stocks showed mild recovery on February 27, maintaining narrow fluctuations due to lack of significant positive stimuli.  
- The Hang Seng Index rose by 0.42% to 26,491.34 points, indicating stable support above 26,400 points, while the Hang Seng Tech Index saw a modest increase of 0.36%.  
- Market focus remains on economic recovery indicators like retail sales and export data, contributing to cautious sentiment among investors.

DRINDA

MANY IDEA CLOUD

HSTECH ETF

Hong Kong stock market intraday | The Hang Seng Index rose 0.36%, technology stocks fluctuated and diverged, Tencent Holdings increased by 1.17%, Kuaishou fell by 1.02%

09961

TCOM

TRIP

K3RD

89618

HJDD

BYTED

HTGD

In the early hours on Feb 26 in U.S. after-hours, under a regulatory overhang, $Trip.com(TCOM.US) released FY2025 Q4 results. Overall, the print was decent, with revenue growth beating prior guidance and re-accelerating.However, opex increased across the board, rising faster than revenue and dragging GAAP OP below expectations. Details follow:1) Strong, accelerating revenue growth. On revenue, total net revenue rose 21% YoY, marking a YTD high and a clear acceleration vs. last quarter. Growth across business lines was broadly ahead of prior guidance...

TCOM: After the regulatory crackdown, can it remain a lean, high-quality play?

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gonna be a volatile week for stocks..congrats to those have gold

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Markets on edge: Oil spikes, futures dive, gold shines. Jobs data &amp; AI glasses in focus. Share your take &amp; earn Task Coins!

NVIDIA

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SPDR Gold Shares

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Invesco QQQ Trust

SPDR S&P 500

Apple

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Cisco

Apple Group

🔥 Market Flash: Iran Conflict Shakes Markets, MWC Kicks Off | Mar 2, 2026

BABA-WR

Alibaba HK SDR 5to1

JD-SWR

JD HK SDR 10to1

Ctrip

Financial Analysis

TRIP.COM-S

Trip.com

Tripadvisor

TRIP ADR US+

ByteDance

Trip.com HK SDR 50to1

$JD-SW(09618.HK)JD.com is trading close to historic lows and below many estimates of its intrinsic value. As of February 2026, the stock has a trailing P/E of about 7. For long-term value investors, it provides a dividend yield exceeding 3.75% and benefits from a best-in-class logistics network in China that supports a strong, defensible moat.At current prices, the market seems to be assuming no future growth. An outlook that may be overly pessimistic given the company’s continued revenue expansion. I am holding with strong conviction. Are you?

$JD-SW(09618.HK)I view JD.com as an attractive investment given its strong balance sheet and aggressive shareholder returns.The company’s conservative financial structure is highlighted by a cash-to-equity ratio of 0.65 and a low debt-to-equity ratio of 26.5%. It provides meaningful downside protection, balance sheet flexibility, and resilience across economic cycles. Its investment-grade credit rating from S&amp;P further reinforces its financial strength.JD.com is also actively returning capital to shareholders through a $5.0 billion share repurchase program running through August 2027, signaling strong confidence in intrinsic value.At a price-to-earnings multiple of around 7, the stock appears deeply undervalued, offering a compelling risk-reward profile for long-term value investors.

KC1028

AdmiralY

$JD-SW(09618.HK)$BABA-W(09988.HK)JD.com offers retail and logistics stability, while Alibaba’s diversified retail, cloud, and AI bring higher cyclical growth. I invest in both to capture China’s economic expansion. Are you on the same boat with me?

Today’s Key News Recap

0109 | Dolphin Research Focus. 🐬 Macro/Industry 1) HKEX announced it will add six stock options effective Jan 19, covering names such as Zijin Gold Intl, Laopu Gold, and Horizon Robotics.The additions broaden derivatives choices and offer more risk management tools. They should also help lift liquidity in the underlying names.🐬 Single Stock 1) $Taiwan Semiconductor(TSM.US) TSMC reported Dec revenue of NT$335.03bn, down 2.5% MoM but up 20.4% YoY. 2025 YTD revenue rose 31.6% YoY...

HKEX

HKEX-R

Hong Kong Exchanges and Clearing (HKEX)

Taiwan Semiconductor

Alphabet

TSM Q4 rev. seen >NT$1 tn; GOOGL integrates Gemini into Gmail | Daily News Recap

BIJDCOM@EC2604B(26861.HK)

Hong Kong stocks intraday | Three major indices fell, technology stocks led the decline, Xiaomi Group dropped 4.93%, Baidu fell 4.04%

JD Delivery: This year's target market share exceeds 30%

Meituan, Taobao Flash Sale, and JD.com respond to new delivery regulations

JD Delivery celebrates its one-year anniversary with a total of over 240 million user orders

Next week's heavy schedule: China's Two Sessions, US Non-Farm Payroll, developments in Iran, MiniMax JD Bilibili financial report