Meituan HK SDR 5to1

New stocks and HK stocks are all in the red 😇

Hong Kong stocks are in a sea of red, dizzying 😵

$MEITUAN(03690.HK)$BABA-W(09988.HK)

🚨 China Tech Probe: What It Means for Alibaba & Meituan

Beijing regulators have formally opened investigations into major online travel platforms under anti-unfair competition laws.

This news landed over the weekend and will test market sentiment when trading opens tomorrow Monday.

Here is how it affects both companies:

🔹 Alibaba : Limited Impact

• What is targeted: Fliggy, its travel platform. This sits in the “All Others” segment that makes up only 10% of total revenue.

• Potential cost: A fine on a similar scale would equal about 1.9% of one quarter’s revenue.

• Financial strength: Strong quarterly net profit of $1.55 billion gives Alibaba a solid buffer to absorb the cost.

🔹 Meituan : Higher Exposure

• What is targeted- Hotels & Travel

Part of its Core Local Commerce business that accounts for 68.4% of revenue.

• Potential cost:

A similar fine would equal around 5% of quarterly revenue, adding to its 1st Half net loss of HKD 5.34 billion.

• Longer risk:

New rules around commission transparency and pricing limits could keep pressuring margins on this key profit driver.

💡 Bottom Line:

This probe is narrower than the broad platform crackdowns back in 2021, so legal exposure is lighter overall.

But Meituan is far more financially sensitive to this news than Alibaba as markets open.

📊 See the infographic above for the full picture!

Not financial advice. Please do your own DD.

Source : China investigates Meituan and Alibaba units for suspected violations of competition laws- Reuters (19.09.2026)

The Fed has decided to increase the interest rate after all. For the time being, the risk of USD debasement trade will retreat. The next question is how many more rate hikes are on the horizon?

Singapore stocks took a breather as Bank shares and even reits rose slightly after the official rate hike by the FED last night. I think Reits will start to stabilise for some time, but the worst is yet to be over as officials still want a consensus 1 more rate hike by this year.

So the FED does indeed raise its interest rate by 25basis points, looks like I was wrong about Warsh taking the risky stance of maintaining position. However, as expected, Trump took to social media to continue to pile pressure and express his desire for lower interest rate; this is the first time Warsh and Co took a decisive decision, let's see if they would continue Powell's legacy of maintaining independence or eventually succumbing to Trump's political will.

One rate hke decided unanimously is highly anticipated by the market. Dot plot with 16 out of 18, expectations of further monetary tightening, sending a very hawkish signal. Revaluation of AI companies and rate sensitive sectors like property and bond markets may take the hit. So sit tight, buckle up your safety belt, and bumpy ride ahead.

Personally, I didn’t thought that the stocks fell that much (yet) after the rates announcement. I guess most people are bracing for further hikes too

It looks like the Fed has decided to listen to the market and give them what they want. The Fed is not ‘independent’ after all! If they don’t listen to the president, they listen to the market.

Well looks like it is the same old Fed after all! Haha…..for all the chest pumping and assertions that ‘this Fed’ is different from its predecessors, they are still following what ‘the market’ wants.