MS#MTUANRP2712N(62693.HK)

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Fitch expects that Meituan's acquisition of DingDong will have a limited financial impact and anticipates that price wars will ease starting this year

Fitch Ratings stated that Meituan's acquisition of DingDong will enhance its position in the instant shopping market, but the impact on its financial condition is neutral. The transaction is priced at $717 million, and it is expected that Meituan's net cash will decrease by less than 10% after the merger. DingDong's EBITDA is relatively small, and it is anticipated that Meituan's EBITDA and free cash flow growth will affect its credit status. Fitch believes that the price war among food delivery platforms will ease this year

AASTOCKS·
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03690
-2.56%
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MPNGY
+0.32%
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DDL
+0.36%
AASTOCKS·
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03690
-2.56%
US
MPNGY
+0.32%
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DDL
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Meituan streamlined more than ten marketing activities last year, saving platform merchants over 1.62 billion yuan

Meituan simplified more than ten takeaway marketing activities last year, helping merchants save over 1.62 billion yuan in ineffective expenditures. The canceled activities included online vouchers and offline subsidy coupons, covering 2 million merchants. Some merchants reported savings of over 100,000 yuan in a single month, with some funds redirected towards ingredient quality control and food safety. Meituan plans to further integrate marketing activities this year to reduce merchants' operating costs

AASTOCKS·
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MPNGY
+0.32%
HK
03690
-2.56%
AASTOCKS·
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MPNGY
+0.32%
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-2.56%

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

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Hong Kong Stock Market Closing | Hang Seng Index Pulls Back, Small-Cap Stocks like Southern Communications Surge, Internet and Insurance Sectors Lead Decline

Today, the Hong Kong stock market closed with all three major indices retreating. The Hang Seng Index fell by 1.21%, the Hang Seng Tech Index dropped by 1.11%, and the National Enterprises Index decreased by 0.68%. The overall market experienced a high-level correction, with key sectors such as internet, retail, and insurance generally weakening. Core stocks like Tencent Holdings, Alibaba -W, and AIA Group saw significant declines, reflecting rising risk aversion and weak consumer confidence. Market hotspots were concentrated in small-cap stocks like Southern Communications and Long Resources, which experienced significant fluctuations and active trading. External macro variables and liquidity expectations continue to impact the capital situation of Hong Kong stocks, leading to short-term market sentiment fluctuations

Market Heartbeat·
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Market Heartbeat·
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According to the "All-Day Express," the Hang Seng Index fell by 325 points; the Hang Seng Tech Index dropped by 59 points. AIA fell by over 5%. ZTO EXPRESS-W, BOC HONG KONG, Sun Hung Kai Properties, REALORD GROUP, and SANY International hit new highs with active trading

The Hang Seng Index closed at 26,559 points, down 325 points or 1.2%. The Hang Seng Tech Index reported 5,346 points, down 59 points or 1.1%. The total market turnover was HKD 247.865 billion. Among the actively traded heavyweights, Alibaba fell 2.9%, Meituan dropped 2.6%, Ping An decreased by 2.2%, and Tencent declined by 2%. AIA fell 5.5%, ZTO EXPRESS, BOC HONG KONG, New World Development, REALORD GROUP, and SANY International reached new highs

AASTOCKS·
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09988
-2.88%
HK
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AASTOCKS·
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09988
-2.88%
HK
00700
-1.97%
HK
03690
-2.56%
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Nothing attracts me except, the fall in cryptocurrencies. I didn’t expect such a huge drop. Warren Buffett is probably sleeping soundly lately🤣🤣🤣. He is always a wise man.

Time is needed for precious metals to find a bottoming range for this early fourth wave. The parabolic third wave that follows market uncertainty is done IMO. Market is sorting itself out and deciding...

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