Yinhua CSI HK Equities Consumption Theme ETF

Meituan's drone business makes new progress, completing 740,000 commercial orders

An influencer was detained for inciting cyberbullying on a Kuaishou livestream, and their Kuaishou account had been previously banned.

Xiaomi provides financial subsidies to national dealers

Nanchang's First Meituan 'Rider Home' Community Store is Unveiled

BYD Enhances Vehicle Range and Efficiency via OTA Upgrade

Upgrading Governance Against "Involution": The Auto Price War Moves Towards an Era of "Hard Constraints"

Sri Lankan court orders customs to release 166 detained BYD vehicles

Xiaomi's brand Redmi will launch the New Year Edition of the Redmi Note 15 series.

New "National Standard" for food delivery implemented, aiming to regulate platform subsidy wars

Spy shots of BYD's new small electric hatchback emerge, possibly the next-generation 'Dolphin'

China's NEV Purchase Tax Exemption Policy to be Adjusted in 2026

US stocks open, Chinese assets generally rise, Alibaba increases by over 2%

BYD plans to launch two new Ocean series models in the first quarter of 2026

Meituan's Xiaoxiang Supermarket opens its first physical store, as online platforms counter-attack offline retail

Hangzhou issues a new round of catering consumption vouchers to boost local consumption

Tencent Reportedly Obtains Nvidia's Blackwell Chips via a Japanese Third Party

US lawmakers urge Pentagon to add several Chinese tech firms to a list of entities allegedly assisting the Chinese military

Tencent News Proposes Evolution into a Trustworthy Ecosystem to Enhance Information Credibility

Kuaishou E-commerce: Shopping Mall Shelf Becomes a Key Growth Driver for Brands with Annual GMV Exceeding 10 Million

Alibaba strengthens its instant commerce business, intensifying competition with Meituan

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TCEHY

TCTZF

GF Securities maintained a Buy rating on Tencent Holdings with a price target of HK$754.73. The shares closed at HK$614.00. Analyst consensus suggests a Strong Buy with a $97.85 average price target. DBS also maintained a Buy rating with a HK$800.00 price target.

- GF Securities has maintained a Buy rating on Tencent Holdings with a price target of HK$754.73, while shares closed at HK$614.00.  
- The overall analyst consensus for Tencent Holdings is a Strong Buy, with an average price target of $97.85, indicating a -84.06% downside from current levels.  
- Additionally, DBS also upheld a Buy rating for Tencent, setting a higher price target of HK$800.00.

Tip Ranks

TENCENT

Tencent

Tencent Holdings Limited

Tencent Holdings  (TCTZF) Receives a Buy from GF Securities

03690

MPNGY

CICC analyst maintains a Buy rating on Meituan with a price target of HK$125.00, while UBS also gives a Buy rating with a HK$128.00 target. Meituan's shares closed at HK$102.70, and the analyst consensus is Moderate Buy with a price target of $15.61, indicating a -84.80% downside from current levels.

- CICC analyst maintained a Buy rating on Meituan, with a price target of HK$125.00, while shares closed at HK$102.70.  
- Meituan's analyst consensus is a Moderate Buy, but the price target consensus indicates an -84.80% downside from current levels at $15.61.  
- UBS also upheld a Buy rating with a price target of HK$128.00 in a report released on December 4.

MEITUAN

Meituan

Meituan (MPNGF) Receives a Buy from CICC

OpenAI

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EVERY chief executive dreams of it: a product so successful that it propels their company from obscurity to superstardom seemingly overnight. Among the lessons from 2025, however, is that runaway success is not all upside. As the experience of whizzy chatbots, weight-loss jabs and wacky dolls illustrates, it brings problems, too.The first pitfall is that bosses face the vexed task of scaling up their business to satisfy a level of demand that is impossible to predict.

- Runaway success can rapidly elevate a company but also presents significant challenges.  
- Chief executives must contend with unpredictable demand while attempting to scale their business operations effectively.  
- Examples from 2025, including chatbots and weight-loss products, demonstrate these pitfalls of swift success.

Businesstimes

Novo Nordisk AS

POP MART

What Novo Nordisk, OpenAI and Pop Mart have in common

02015

Bernstein's Eunice Lee maintains a Hold rating on Li Auto with a $20 price target. Lee, who covers the Consumer Cyclical sector, has a 7.3% average return and a 43.94% success rate. HSBC also issued a Hold rating, while Morgan Stanley maintained a Buy rating on Li Auto.

- Eunice Lee from Bernstein has kept a Hold rating on Li Auto, with a price target of $20.00.  
- Lee, who specializes in the Consumer Cyclical sector, has an average return of 7.3% and a success rate of 43.94% on her stock recommendations.  
- Recently, HSBC also issued a Hold rating on Li Auto, while Morgan Stanley maintained a Buy rating on the same day.

Li Auto

LI AUTO-W

Bernstein Reaffirms Their Hold Rating on Li Auto (LI)

HXXD

01810

XIACY

Eunice Lee from Bernstein maintains a Buy rating on Xiaomi with a HK$57.00 price target. Lee has a 7.3% average return and a 43.94% success rate. Morgan Stanley's Andy Meng also issued a Buy rating, while Jefferies downgraded Xiaomi to Hold. Lee covers the Consumer Cyclical sector, including BYD Co, Nio, and Great Wall Motor Co.

- Eunice Lee from Bernstein maintained a Buy rating on Xiaomi, with a price target of HK$57.00.  
- Lee, who covers the Consumer Cyclical sector, has an average return of 7.3% and a 43.94% success rate.  
- Recently, Xiaomi also received a Buy rating from Morgan Stanley, while Jefferies downgraded it to Hold shortly after.

Xiaomi HK SDR 2to1

XIAOMI-W

Xiaomi Corporation

Xiaomi (XIACF): New Buy Recommendation for This Technology Giant

BYDDY

BYDDF

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Bernstein analyst Eunice Lee maintained a Buy rating on BYD Co, setting a price target of HK$130.00. Lee, a 3-star analyst with a 7.3% average return, focuses on the Consumer Cyclical sector. The Street consensus suggests a Strong Buy for BYD Co with a $17.30 average price target.

- Bernstein analyst Eunice Lee has reaffirmed a Buy rating on BYD Co, setting a price target of HK$130.00.  
- She is noted as a 3-star analyst with an average return of 7.3% and a 43.94% success rate in the Consumer Cyclical sector.  
- The broader analyst consensus for BYD Co indicates a Strong Buy rating, with an average price target of $17.30.

BYD Company

BYD Company Limited

BYD COMPANY

BYD Co (BYDDF) Receives a Buy from Bernstein

Nine U.S. lawmakers have urged the Pentagon to add Chinese firms, including DeepSeek and Xiaomi, to a list of entities allegedly aiding the Chinese military. The request follows President Trump's signing of a $1 trillion military spending bill. The Section 1260H list, which includes major firms like Tencent, signals the U.S. military's stance but does not formally sanction these companies. Lawmakers also recommended adding several other Chinese tech firms to the list.

- A group of nine U.S. lawmakers urged Secretary of Defense Pete Hegseth to add several Chinese technology firms, including DeepSeek, Xiaomi, and BOE Technology Group, to the Section 1260H list, which highlights entities allegedly aiding the Chinese military.  
- The request follows the signing of a military spending bill by President Trump and aims to influence suppliers to the Department of War regarding their associations with these firms.  
- The lawmakers, all Republicans and heads of key committees, also recommended including other companies such as WuXi AppTec and Unitree Robotics on the list.

Reuters

US lawmakers urge Pentagon to add DeepSeek, Xiaomi to list of firms allegedly aiding Chinese military

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BABA

KBAB

BABO

BABX

Harbour Capital Advisors LLC acquired a new stake in Alibaba Group Holding Limited (NYSE:BABA) during the third quarter, purchasing 6,900 shares valued at approximately $1.25 million. Other institutional investors also increased their positions in Alibaba. The stock opened at $147.37 on Friday, with a market cap of $351.65 billion. Analysts have given the stock a 'Moderate Buy' rating with an average target price of $194.00.

- Harbour Capital Advisors LLC acquired 6,900 shares of Alibaba Group Holding Limited, valued at approximately $1,251,000, during the third quarter.  
- Several institutional investors have also adjusted their stakes, with various firms increasing their positions in Alibaba Group shares.  
- Analysts have issued a "Moderate Buy" rating for Alibaba Group, with the average target price set at $194.00 and 17 analysts recommending buy ratings.

Market Beat

BABA-W

Alibaba

KraneShares 2x Long BABA Daily ETF

YieldMax BABA Option Income Strategy ETF

BABA 2x Long Daily ETF - GraniteShares

Harbour Capital Advisors LLC Makes New $1.25 Million Investment in Alibaba Group Holding Limited $BABA

STLA

The Italian competition authority AGCM has dropped its investigations into BYD, Stellantis, Tesla, and Volkswagen over allegations of misleading consumers about the performance of their electric vehicles. The automakers have agreed to revise their websites for transparency, integrate a simulation tool for comparing vehicle ranges, and clarify battery warranty terms. The AGCM accepted these commitments and waived financial penalties.

- Investigations into potential unfair practices by automakers regarding electric vehicle claims began in February, focusing on misleading information about range and battery degradation.  
- The four companies have agreed to enhance website transparency by revising information and adding a simulation tool for consumers to compare vehicle ranges, alongside clarifying warranty terms.  
- The Italian competition authority, AGCM, has accepted these commitments and waived financial penalties previously associated with the allegations.

electrive

Stellantis NV

BYD, Stellantis, Tesla and Volkswagen: Italy dismisses investigations into customer deception