JPMTUAN@EC2610C

Meituan develops long-context large model 'LongCat', deepening its AI layout

Shandong Provincial Department of Civil Affairs and Meituan sign cooperation to explore a new "Platform+" elderly care service model

Meituan's Xiaoxiang Supermarket cancels self-pickup service

University of Science and Technology of China and Meituan joint team creates "AI intelligent judge"

China's low-altitude economy continues to expand, opening new space for high-quality development

Meituan discloses for the first time that its AI tools have served over 1.8 million physical merchants

Meituan Announces 2025 Annual Report Showing Operating Loss

May Day travel boom drives consumption, with a Guangdong chicken pot restaurant increasing stock threefold to meet demand

Meituan's shareholding structure revealed: Wang Xing holds 9.3% of shares with 45% of voting rights, with heavy positions in Zhipu AI and Unitree Robotics

Douyin's Group-Buying App 'Dou Sheng Sheng' Surpasses 10 Million Daily Active Users, Intensifying Local Services Competition

Xinhua News Agency: Regulators Take Action to Halt 'Involution-Style' Competition in the Food Delivery Industry

Meituan's affiliate invests in consumer-grade 3D printing developer Smartpi

Meituan Discloses Food Safety Inspection Data for the First Time, with Over 1.3 Million Inspections in One Year

Meituan Launches Crayfish Consumption Vouchers in Wuhan

“In-depth Stays” Become a New Trend for May Day Holiday Travel and Tourism

Meituan disclosed that nearly 200 riders received 'Good Deeds' cash rewards in the first quarter

Meituan Bike reportedly raises prices suddenly before the holiday

Meituan's Delivery Robot 'Little Hornet' Launches at Chongqing Jiangbei Airport

Meituan's Xiaoxiang Supermarket lands its first store in the Greater Bay Area in Shenzhen

Meituan appears at the 2026 Global Automotive Industry Innovation Gala, focusing on user stickiness for car brands

MPNGY

03690

Meituan's revenue last year was 364.854746 billion RMB, compared to 337.591576 billion RMB the previous year. Gross profit last year was 111.008626 billion RMB, compared to 129.784594 billion RMB the previous year

Wallstreetcn

Meituan

MEITUAN

MEITUAN-WR

Meituan HK SDR 5to1

603198

600809

600559

300308

000596

Liquor stocks rise across the board; YINGJIAGONGJIU hits limit up, while LAO BAI GAN JIU, SHANXI FEN WINE, Gu Jing, and others climb successively. Lithium mining concept stocks plunge; Xizang Zhufeng hits limit down, with Guocheng Mining, Tibet Mineral, Jinyuan Shares, and Zhongkuang Resources among the top decliners

- On April 23, the A-share market opened higher but experienced significant declines, with the ChiNext index falling nearly 2% amid adjustments in computing hardware stocks.  
- The Hong Kong market also saw losses, with the Hang Seng Index down approximately 1% and tech stocks, including Hua Hong Semiconductor, declining over 7%.  
- In the commodity market, energy products gained, while metals and agricultural products, particularly polysilicon and apples, dropped, contributing to overall market volatility.

YINGJIAGONGJIU

SHANXI FEN WINE

LAO BAI GAN JIU

Zhongji Innolight

Gu Jing

A-share major indices fluctuate and decline; computing hardware active, Zhongji Innolight market cap breaks 1 trillion, Hang Seng Tech Index falls over 2%, Zhipu rises 800% since listing

09618

09899

BABA

01698

BIDU

NTES

01024

UBS released investment ratings and target prices for Chinese technology stocks, including Tencent, Alibaba, JD, and several other companies. The specific ratings are as follows: Tencent (Buy, HKD 780), Meituan (Buy, HKD 128), Baidu (Buy, USD 170), Alibaba (Buy, USD 170), JD (Buy, USD 48), Pinduoduo (Buy, USD 198), Vipshop (Neutral, USD 20), NetEase (Buy, USD 180), Kuaishou (Buy, HKD 68), Tencent Music (Neutral, USD 13), NETEASE MUSIC (Buy, HKD 300), Bilibili (Buy, USD 37.5), iQIYI (Buy, USD 2.5), JOYY (Buy, USD 80), Weibo (Buy, USD 12.8), Hello Group (Buy, USD 8.8), China Literature (Buy, HKD 50), Focus Media (Buy, RMB 9.8), BOSS Zhipin (Buy, USD 23), Trip.com (Buy, USD 80), Tongcheng Travel (Buy, HKD 26.5), TAL Education (Buy, USD 19.5), New Oriental (Buy, USD 80), and Zhongjiao Holdings (Buy, HKD 4.1)

AASTOCKS

JD-SW

NETEASE MUSIC

Alibaba

TME-SW

Baidu

NetEase

iQIYI

KUAISHOU-W

UBS Group AG

TENCENT

Tencent

BIDU-SW

BABA-W

JD.com

Vipshops

NTES-S

KUAISHOU-WR

Tencent Music

Bilibili

BILIBILI-W

JOYY

Weibo

WB-SW

Hello

CHINA LIT

Focus Media

Kanzhun

BOSS ZHIPIN-W

Trip.com

TRIP.COM-S

TONGCHENGTRAVEL

TAL Edu

New Oriental EDU & Tech

NEW ORIENTAL-S

CHINA EDU GROUP

TENCENT-R

Tencent HK SDR 10to1

Tencent Holdings Limited

BIDU-SWR

BABA-WR

Alibaba HK SDR 5to1

JD-SWR

Trip.com HK SDR 50to1

UBS lists investment ratings and target prices for Chinese technology stocks (Table)

A report released by UBS shows that Meituan's market share in the instant retail market increased in March, with an average daily takeaway order volume reaching 62 million and a market share of 53%. The overall industry average daily takeaway order volume is 122 million, reflecting the recovery of merchant activities after the Spring Festival. With the implementation of new regulations, the industry will move towards sustainable development. Meituan's order volume growth mainly comes from the decline in market share of Taobao and JD.com. UBS believes the industry is entering a normalization phase, with profitability continuing to improve

UBS: Meituan's market share in instant retail rose in March, indicating the industry is entering a normalization phase

02618

The State Administration for Market Regulation imposed administrative penalties on seven e-commerce platforms (Pinduoduo, Meituan, JD, Ele.me, Douyin, Taobao, and Tmall) due to the "ghost delivery" series of cases, with a total fine of 3.597 billion yuan, and suspended the addition of new cake shops for three to nine months. Each platform has expressed sincere acceptance of the penalties, committed to fulfilling food safety responsibilities, standardizing business processes, enhancing governance capabilities, and actively fulfilling social responsibilities

JD LOGISTICS

Seven e-commerce platforms in mainland China stated that they sincerely accept the penalties from the State Administration for Market Regulation and all expressed their firm commitment to fulfilling food safety responsibilities

Meituan launched ten measures for "Safe Delivery," comprehensively upgrading the food safety governance system for delivery services, focusing on merchant access, transparent operations, and multi-party governance. The measures include data integration of merchant licenses, store video verification, offline inspections, kitchen live streaming, food safety transparent windows, AI inspections, rider rewards, and consumer participation in discussions. This initiative responds to the administrative penalties from the State Administration for Market Regulation, aiming to enhance food safety governance capabilities, combat illegal activities, and ensure the safety of delivery food

Meituan launches "Safe Takeaway" with ten measures to comprehensively upgrade the food safety governance system for takeout

SPDB analyst maintained a Buy rating on Meituan yesterday and set a price target of HK$120.00. The company’s shares closed yesterday at HK$86.50.Claim 30% Off TipRanksUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks Currently, the analyst consensus on Meituan is a Strong Buy with an average price target of HK$114.68.

- SPDB analyst maintained a Buy rating on Meituan and set a price target of HK$120.00.  
- Meituan’s shares closed at HK$86.50 yesterday, with the analyst consensus being a Strong Buy and an average price target of HK$114.68.  
- This indicates significant growth potential as the average target suggests an approximate increase of 32% from the current share price.

Tip Ranks

Meituan (MPNGF) Gets a Buy from SPDB

Recently, at the Wuzhen Health Conference, Meituan Medical and Health officially launched its AI Family Health Butler, "Xiaotuan Health Butler". According to Meituan, this is a

- At the recent Wuzhen Health Conference, Meituan Medicine launched the AI family health manager "Xiao Tuan Health Manager."  
- This AI platform integrates symptom inquiry, report interpretation, and family health records, aiming to address comprehensive family health management needs while facilitating pharmacy transactions.  
- Meituan aspires to transform users' infrequent medication purchases into regular family health management, although challenges remain in building trust and ensuring accuracy necessary for effective health consultations.

Deconstructing the Business Logic of Meituan's AI Health Butler: From Emergency Medicine Purchasing to Extended Health Management

09988

KBAB

BABO

BABX

- China’s market regulator fined seven e-commerce platforms a total of 3.6 billion yuan ($527.32 million) for food delivery safety violations.  
- The companies, including Pinduoduo, Meituan, JD.com, ByteDance’s Douyin, and Alibaba’s Taobao Shangou, failed to properly verify food vendors’ licences and qualifications.  
- Increased competition in the food delivery sector has led to aggressive market strategies, prompting regulatory scrutiny over potentially harmful practices.

Reuters

KraneShares 2x Long BABA Daily ETF

YieldMax BABA Option Income Strategy ETF

BABA 2x Long Daily ETF - GraniteShares

Chinese regulator fines, confiscates $527m  from food-delivery platforms

83690

89988

MSFT

AMZN

NFLX

HMTD

HBBD

SCHW

SCHW-D

SCHW-J

01810

81810

HXXD

XIACY

AAPL

0417 | Dolphin Research Focus: 🐬 Stock 1, $XIAOMI-W(01810.HK) Xiaomi Communications issued the '26 Xiaomi K1' sci-tech innovation bond for intelligent manufacturing on the SSE, sized at RMB 1 bn with a 3-year tenor and a 1.6% coupon, with the book 4.82x covered. This issuance delivers on both policy tailwinds and market confidence. The 1.6% coupon is well below AAA corporates of the same tenor, underscoring strong institutional conviction in Xiaomi's hard-tech push and its AAA credit profile...

BABA 'Happy Oyster' Unveils Virtual World; Meituan 'Shrimp 345' Expands AI Ecosystem | Daily News Recap

03033

The Hang Seng Index closed at 26,046 points, down 347 points or 1.3%; the Hang Seng Tech Index reported 5,007 points, down 84 points or 1.7%. MEITUAN fell over 3%, while major stocks such as Ping An, Tencent, and Xiaomi also experienced declines. China Construction Bank reached a new high, closing at HKD 8.61, up 0.7%. Overall market performance was weak, with several constituent stocks experiencing varying degrees of decline

CSOP HS TECH

Hang Seng Index

Hang Seng TECH Index

WELLCELL HOLD

KB LAMINATES

WASION HOLDINGS

PING AN

Ping An

XIAOMI-W

WUXI APPTEC

WuXi AppTec

CSPC PHARMA

WUXI BIO

YUM CHINA

YUM China

HAIDILAO

HENGAN INT'L

JD HEALTH

LAOPU GOLD

POP MART

CATL

ZIJIN MINING

Zijin Mining

SHK PPT

PICC P&C

PICC Group

GUOXIA TECH

BUTONG GROUP

GUOQUAN

PING AN-R

Ping An Insurance

Xiaomi Corporation

XIAOMI-WR

Xiaomi HK SDR 2to1

WuXi Biologics

JD HEALTH-R

Laopu Gld HK SDR 50to1

POP MART HK SDR 20to1

CATL HK SDR 30to1

SHK PPT-R

The Half-Day Express reports that the Hang Seng Index fell by 347 points; the Hang Seng Tech Index dropped by 84 points. MEITUAN fell by over 3%. China Construction Bank, Jingwei TianDi, Kwan Hung Laminate, and Weisheng Holdings reached new highs

NewUser_wgiykD

Ranks in the top 10% of account holders by rate of return
Calculated based on your Longbridge (Singapore) A/C

Rate Of Return

In the Chinese equity markets, there is only one immutable law: capital is transient, but the regulatory state is eternal.Just as global investors began to confidently price in the end of the tech cra...

JD HK SDR 10to1

Alibaba, JD, PDD, and Meituan Fined $528M. Investors Cheer. Why and which to buy?

Featured

$MEITUAN(03690.HK)🚨 China’s $527M Wake-Up Call: The End of Cheap Delivery?China just fined Meituan, Pinduoduo (PDD), and Alibaba $527 million for food safety failures and “ghost kitchens.” This is not just a penalty. It is a clear signal that regulators care more about accountability than rapid growth now.🔷 What has changed?❤️Compliance is now expensive.Platforms must use real-time video and conduct physical kitchen checks. That adds major costs. Meituan already posted a ¥23.4 billion loss in 2025 due to subsidy wars. New rules will squeeze margins further.❤️Platforms can no longer hide.Regulators also fined executives personally (~$2.8 million total). That breaks the old “we are just a middleman” defense. Now platforms are legally responsible for what their vendors do.❤️Meituan is still the best bet.Why? In a slowing economy, people order more delivery instead of dining out. Meituan controls approximately 65% of the market and runs a “Super App” for food, groceries, and medicine. That scale helps it absorb new compliance costs better than rivals.🔷 What Analysts Say· SPDB rates Meituan a Buy with a HK$120 target, citing less competition.· CICC agrees that competitive pressure has “marginally eased.”· Overall consensus (36 analysts): 27 Buy, 10 Hold, 3 Sell.· Average price target: HK$110.45, which is +37.6% upside from the current HK$86.50.🔷 Bottom LineThe “Wild West” of food delivery is over. Going forward, only large platforms with strong compliance systems will win. Analysts believe Meituan is the top pick in this new environment.Not financial advice. Always do your own DD! Remember stock market is always there. Do not FOMO.

SPD Bank

CICC

Today’s Key News Recap

SentinelOne

Microsoft

Amazon

Netflix

Charles Schwab

SCHWAB(CHARLES)CORP 5.95% DEP SHS REP 1/40 NON CUM PERP PF D

SCHWAB(CHARLES)CORP 4.450% DEP SHS REP 1/40TH N-CUM PFD SERJ

Apple

While higher interest rates are usually good for banks, stagflation is a different story. Stagflation is inflation occurring at the same time as rising unemployment and a slowdown in the economy.

Dacai

🇺🇸🇭🇰🇸🇬 Big moves across US, HK, SG markets. Join the chat &amp; earn Task Coins!

☕️ [Task Coins Giveaway] Daily Market Talk

JPMTUAN@EC2610C(28671.HK)

Meituan's revenue last year was 364.854746 billion RMB, compared to 337.591576 billion RMB the previous year. Gross profit last year was 111.008626 billion RMB, compared to 129.784594 billion RMB the previous year

A-share major indices fluctuate and decline; computing hardware active, Zhongji Innolight market cap breaks 1 trillion, Hang Seng Tech Index falls over 2%, Zhipu rises 800% since listing

UBS lists investment ratings and target prices for Chinese technology stocks (Table)

UBS: Meituan's market share in instant retail rose in March, indicating the industry is entering a normalization phase

Seven e-commerce platforms in mainland China stated that they sincerely accept the penalties from the State Administration for Market Regulation and all expressed their firm commitment to fulfilling food safety responsibilities