BIMTUAN@EC2612C

Meituan's "Happy Monkey" launches at-home services

Meituan, alongside JD.com and Alibaba, steps up push into online car sales and services market

Report reveals Meituan's deep investment in the hard-tech sector, with stakes in over 50 companies

Meituan's Happy Monkey Supermarket Launches Door-Delivery Service

Meituan's "Waima Songjiu" Liquor Delivery Service Surpasses 2,400 Stores

President of China Chain Store Association States 'Food Delivery War' Erodes Catering Industry's Foundation

Beijing's Hottest Dumpling Restaurant Integrates Meituan's AI Skill, Allowing Queue Inquiries with the Codeword 'Lobster'

China's market regulator holds talks with Meituan and other food delivery platforms, demanding implementation of food safety responsibilities

CAC and National Railway Administration jointly interviewed 7 third-party platforms involved in train ticket sales, including Meituan

JD and Douyin Enter Onsite Group Buying Market, Challenging Meituan

Meituan Releases 2025 CSR Report, Showcasing Drone and AI Technology Progress

Weekly Report: Meituan, Alibaba, and Hillhouse Jointly Invest in a Nuclear Fusion Startup

Meituan Sponsors 'Su Chao' Yangzhou Team, Partnering with a Million Merchants to Boost Consumption

Meituan to Launch Family Health Management AI Product

Meituan Releases 2025 Corporate Social Responsibility Report, Disclosing 708 Million Annual Transacting Users

Meituan partners with Yangzhou cultural tourism to promote local events

Meituan Cooperates with Yangzhou Team to Host a "Treat" Event

Meituan Rider Zhang Mengmeng Recognized for Heroic Act

Fitch Downgrades Meituan's Outlook to 'Negative'

JPMorgan Analyst Reiterates Hold Rating on Meituan

JOY SPREADER

DEEPEXI TECH

BUTONG GROUP

CHINA PARTYTIME

ALPHA PRO HLDGS

LUEN THAI

51WORLD

TRIO IND ELEC

TOMO HOLDINGS

HATCHER GROUP

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688077

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The liquid-cooled server concept strengthened repeatedly, with Xinpeng Co.,Ltd. hitting three consecutive daily limits, KASUN hitting two, and SHEN YU, Shenling Environmental, QRTECH, Suqun, and others following suit. In early trading, the rare earth permanent magnet concept was active at the beginning of the session, with Jiaozuo Wanfang hitting the daily limit, and Jiuling Technology, BSU, Earth-Panda, Northern Rare Earth, and SHRC following suit

- On April 13, A-shares experienced fluctuations after a low opening, with the Shenzhen Component Index and ChiNext Index rebounding, while lithium and salt lake stocks surged.  
- Hong Kong stocks opened lower with the Hang Seng Index and Hang Seng Tech Index both down over 1%, while domestic bond futures rose across the board.  
- Key events included strong performances in GPU and advanced packaging stocks, along with adjustments in sectors like shipping, energy equipment, and precious metals.

Wallstreetcn

ChiNext

Earth-Panda

SHRC

SHEN YU

Xinpeng Co.,Ltd.

CATL

QRTECH

KASUN

Suqun

Yinhua MSCI China A ETF

Guotai MSCI China A ESG General ETF

MEITUAN

A-shares fluctuate and rise, GEM turns positive first, lithium mining surges, CATL's market value nears 2 trillion, Hang Seng Tech Index falls 1%, Alibaba and Tencent drop 2%

MPNGY

According to domestic media reports, after Meituan launched "Aito," it is set to release a new AI product that will focus on the pharmaceutical and health sector, positioning itself as an AI assistant for family health management. Insiders revealed that "XiaoTuan Health Steward" will not only provide health consultation services for asking about illnesses and medications but will also help users interpret health check reports and support the establishment of family health records

AASTOCKS

Meituan

Meituan is rumored to launch an AI health manager

J.P. Morgan analyst Alex Yao has reaffirmed a Hold rating on Meituan (MPNGF) with a price target of HK$85.00, while the stock closed at HK$88.00. The broader analyst consensus for Meituan is a Strong Buy, with an average price target of HK$114.43. Yao has an average return of 4.8% and a success rate of 45.32% on his stock recommendations.

- Alex Yao from J.P. Morgan has maintained a Hold rating on Meituan with a price target of HK$85.00.  
- The company's shares closed at HK$88.00, while the overall analyst consensus suggests a Strong Buy rating with an average price target of HK$114.43.  
- Yao focuses on the Communication Services sector, covering stocks like Tencent Music and has an average return of 4.8% with a 45.32% success rate on his recommendations.

Tip Ranks

J.P. Morgan Reaffirms Their Hold Rating on Meituan (MPNGF)

JP Morgan maintains a "Neutral" rating on Meituan, with a target price of 85 yuan. The report points out that the mainland government's restrictions on takeaway subsidies have sparked discussions about Meituan's prospects. Despite the presence of regulatory factors, the profitability of takeaway services remains highly uncertain. Meituan's profitability relies on order quality, with orders above 30 yuan being profitable, while orders below this price lead to losses. Assuming market share drops from 75% to 50%, the operating profit per order may actually be higher

JP Morgan maintains a "Neutral" rating on Meituan, with a highly uncertain long-term outlook for food delivery

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As of the market close, the three major indices of the Hong Kong stock market all fell back, failing to continue yesterday's rebound momentum. The Hang Seng Tech Index dropped more than 2%, giving back some of yesterday's gains, with the overall market showing a narrow fluctuation pattern of high-level retreat. On the market, small-cap technology and thematic stocks performed exceptionally actively, as funds deeply participated in structural opportunities amid the weakness of heavyweight blue chips. Stocks such as Hengyi Holdings, EDA Group Holdings, and XunCe surged against the market trend, reflecting that the market's short-term preference has shifted towards high elasticity and high volatility growth sectors

- On April 9, Hong Kong stocks experienced a decline across all three major indices, reflecting weak market sentiment, with the Hang Seng Index closing at 25,752.40, down 0.54%.  
- Notable movements included a sharp increase in small-cap tech stocks, particularly Hengyi Holdings, which surged 136.84%, driven by speculative trading and sector interest.  
- The market remains influenced by external economic data and investor sentiment regarding economic recovery, suggesting both opportunities and volatility risks ahead.

LB Select

HANG YICK HLDGS

EDA GROUP HLDGS

XUNCE

HING LEE (HK)

GALAXIS TECH

TENCENT

BABA-W

YOFC

XIAOMI-W

SINOTRUK

POP MART

CNOOC

BYD COMPANY

SMIC

Hong Kong stock market closing | The Hang Seng Index closed down 0.54%, the Hang Seng Tech Index retreated over 2%, small-cap thematic stocks surged across the board, and Hengyi Holdings soared 136%

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XIACY

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BABA

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The Hang Seng Index closed at 25,752 points, down 140 points or 0.5%; the Hang Seng Tech Index reported 4,821 points, down 101 points or 2.1%. The total market turnover was HKD 244.977 billion. Xiaomi Corporation fell over 4%, while Alibaba and Meituan also saw declines. Stocks such as Geely, XUNCE, HAIXI PHARMA, and GOFINTECH QUANT reached new highs with active trading

JOINN

Xiaomi Corporation

GOFINTECH QUANT

Alibaba

HAIXI PHARMA

According to the "All-Day Express," the Hang Seng Index closed at 25,752 points, down 140 points; the Hang Seng Tech Index closed at 4,821 points, down 101 points. Xiaomi Corporation fell over 4%, while Geely, XUNCE, HAIXI PHARMA, GOFINTECH QUANT, and Changfei reached new highs with active trading

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YUMC

Friedman lowered the target price for YUM China to 490.2 yuan, maintaining a "Buy" rating. It is expected that the net profit for the first quarter of 2026 will be 307 million USD, a year-on-year increase of 0.7%, mainly benefiting from a sales growth of 3.9% to 3.2 billion USD. Same-store sales are expected to grow by about 6%. Adjusted net profit forecasts reflect the impact of a 11 million USD loss from Meituan equity investment, while slightly adjusting the profit forecasts for 2026 and 2027

YUM CHINA

YUM China

Credit Suisse lowers YUM China target price to 490.2 yuan, maintains "Buy" rating

TCTZF

PROSF

TCEHY

PROSY

Prosus, a subsidiary of Naspers, reduced its holdings in Tencent by approximately 13 million shares in the first quarter of 2023, valued at about 7.28 billion yuan, without reducing its stake in Meituan. The stock prices of Tencent and Meituan are 511 yuan and 88.8 yuan, respectively, having fallen by 14.7% and 14% this year. Since 2022, Prosus has initiated an unlimited reduction plan for Tencent, aimed at repurchasing its own shares, with funding sources including the reduction of Tencent and the sale of other investments

- Prosus, a flagship internet arm of Naspers, sold approximately 13 million shares of Tencent in Q1 of this year, valued at about 7.28 billion HKD based on an average closing price of 560.16 HKD.  
- In contrast, Prosus did not reduce its stake in Meituan during the same period.  
- Tencent and Meituan's stock prices have declined by 14.7% and 14% respectively this year, while Prosus has aimed to generate funds for share buybacks through the sale of Tencent shares and less promising investments.

Stheadline

Tencent Holdings Limited

Prosus N.V.

Tencent

Prosus, a subsidiary of Naspers, reduced its holdings by 13 million shares of Tencent in the first quarter, without selling any shares of Meituan

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KBAB

The Nasdaq Golden Dragon China Index initially closed up 3.1%. Among popular Chinese stocks, Pony.ai rose 10.7%, Meituan rose over 9%, Kingsoft Cloud and Tiger Brokers rose over 7%. Atour, GDS, and Bilibili rose over 5%, Alibaba rose 4.6%, WeRide, NIO, Xiaomi, and Pinduoduo rose over 4%, Tencent rose 3.7%. In terms of ETFs, CHAU rose 7.7%, EMXC rose 5.9%, CQQQ rose 5.8%, ASHS rose 5.7%, KWEB rose 3.74%

NASDAQ Golden Dragon China Index

BILIBILI-W

GDS-SW

PONY-W

NIO-SW

WERIDE-W

KINGSOFT CLOUD

KraneShares 2x Long BABA Daily ETF

Direxion FTSE China Bull 3X

Invesco Golden Dragon China

Roundhill China Dragons ETF

iShares MSCI China

Invesco China Tech

KraneShares 2x Long PDD Daily ETF

Xtrk Hrvt Csi 500 Chn A S-Cp

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After the Easter and Qingming Festival holidays, the Hong Kong stock market resumed trading, with the Hang Seng Index rising 776 points to close at 25,893 points, the National Index up 220 points, and the Hang Seng Tech Index up 244 points. News of a ceasefire agreement between the United States and Iran stimulated the market, with a total turnover of HKD 372.437 billion. Resource stocks performed strongly, with significant increases in gold mining and airline stocks. Meituan and JD.com rose due to the State Administration for Market Regulation's requirement to strengthen food safety responsibilities

JD HEALTH

JD.com

JD-SW

ZHONGJIN GOLD

Agnico Eagle Mines

Newmont

Kinross Gold

SD-GOLD

Direxion Daily Gold Miners Bull 2X

ISHARESHSTECH

Tianhong Hang Seng TECH ETF(QDII)

EFUND GOLD MI-U

Abrdn Gold ETF Trust

iShares MSCI Global Gold Miners

ChinaAMC CSI SH-SZ-HK Gold Industry Equity ETF

HSCEI ETF-R

EFUND GOLD MI ETF

GLOBAL X Gold Explorers

Hang Seng TECH ETF I

CSOP HS TECH

Dacheng Hang Seng Technology ETF(QDII)

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

Pro Ultr GLD

GX HS TECH

iShares Gold Trust

SPDR Gold Shares

ChinaAMC Gold ETF

Sprott JR Gold Miners ETF

Sprott GLD Miners Etf

CAM HS TECH

Direxion Daily Jr Gold Miners Bull 2X

SPDR Gold Minishares

KraneShares 2x Long JD Daily ETF

VanEck Junior Gold Miners ETF

HSTECH ETF

Direxion Daily Gold Miners Bear 2X

Direxion Daily Jr Gold Miners Bear 2X

CSOP HSI ETF

ChinaAMC Hang Seng Technology ETF(QDII)

VanEck Gold Miners ETF

Roundhill Gold Miners Weeklypay ETF

"Hong Kong Stocks" The Hang Seng Index rose 776 points throughout the day, with resource and technology stocks gaining, while pharmaceutical stocks were sold off

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As of the close, the Hong Kong stock main board performed extremely strongly throughout the day, with all three major indices recording significant gains, and market sentiment experiencing a significant recovery. The Hang Seng Tech Index outperformed the market, rising over 5%, successfully reclaiming ground lost in recent adjustments. In the market, technology hardware and communication equipment sectors were particularly outstanding, becoming the core focus for capital inflow for the day. Leading stocks such as ILUVATAR COREX and YOFC saw increased trading volume and led the gains, effectively driving the activity in the domestic AI computing power and optical communication industry chains

- The Hong Kong stock market saw significant gains, with the Hang Seng Index closing at 25,893.02, up 3.09%, recovering above 25,000 points.  
- The technology sector led the rally, particularly Longi Green Energy and Tencent, which rose 18.94% and 3.84%, respectively, driven by strong investor interest.  
- Macro factors such as export data and liquidity improvements influenced market sentiment, with investors showing a preference for growth opportunities despite some sectors experiencing capital outflows.

KUAISHOU-W

IMAGI INT'L

GLOBALSTRAT

TIME INTERCON

ILUVATAR COREX

HSBC HOLDINGS

Hong Kong Stocks Close | HSI Surges 3.09% Back Above 25,800; Tech Hardware Leads Gains, Hang Seng Tech Index Soars Over 5%

STECH

00HSI

BABX

The Hang Seng Index closed at 25,893 points, up 776 points or 3.1%. The Hang Seng TECH Index reported 4,923 points, up 244 points or 5.2%. The total market turnover was HKD 372.437 billion. Major stocks such as Meituan, Alibaba, and Xiaomi Group performed strongly, rising 10.3%, 6.8%, and 6.1% respectively. Other active stocks like Luoyang Molybdenum and SMIC also saw significant increases, with active trading

Hang Seng TECH Index

Hang Seng Index

BABA 2x Long Daily ETF - GraniteShares

According to the "All-Day Express," the Hang Seng Index rose by 776 points; the Hang Seng TECH Index increased by 244 points. Meituan rose over 10%, Alibaba rose over 6%, and Xiaomi Group rose over 6%. Changfei, Xunce, Haixi New Drug, Guofu Quantum, and Ganfeng Lithium reached new highs with active trading

As of current, the three major indices have significantly rallied from early morning pressure, with the Hang Seng TECH Index rising over 5% to lead the market. In terms of sectors, technology hardware and communication equipment stocks performed extremely strongly, showing excellent offensive capabilities amid the overall market recovery. Leading companies like ILUVATAR COREX and YOFC continued to surge, activating the vibrancy of the AI chip and optical communication industry chains

- The Hong Kong stock market has shown a strong recovery, with major indices rebounding significantly; the Hang Seng Index rose 3.16% to 25,910.99 points.  
- The technology hardware sector led the gains, particularly companies like Tensu Zhixin and Changfei Fiber Optic, which saw substantial increases in stock prices.  
- Investors are focusing on macroeconomic indicators and policy shifts, with positive sentiment toward domestic AI and telecommunications industries driving market activity.

Hong Kong Stocks Intraday | Hang Seng Index Rises 3.16%, Tech Hardware Leads Gains All Day, Hang Seng TECH Index Surges 5.05%

BIMTUAN@EC2612C(28130.HK)

BIMTUAN@EC2612C Stock Performance Chart

A-shares fluctuate and rise, GEM turns positive first, lithium mining surges, CATL's market value nears 2 trillion, Hang Seng Tech Index falls 1%, Alibaba and Tencent drop 2%

Meituan is rumored to launch an AI health manager

J.P. Morgan Reaffirms Their Hold Rating on Meituan (MPNGF)

JP Morgan maintains a "Neutral" rating on Meituan, with a highly uncertain long-term outlook for food delivery

Hong Kong stock market closing | The Hang Seng Index closed down 0.54%, the Hang Seng Tech Index retreated over 2%, small-cap thematic stocks surged across the board, and Hengyi Holdings soared 136%