Alibaba strikes again to hit a four-year high as new quality productive forces play a 'harmonious tune'

Alibaba announced the "Gaode Street Ranking", leveraging Gaode to enter the public review business, with the selling point being the introduction of Alipay's credit score as an auxiliary evaluation basis, further enriching the hierarchy of the evaluation system. Meituan immediately retaliated by "relaunching" its premium food delivery service, using large models to filter out non-genuine review data, providing users with reliable decision-making through "AI + genuine high scores".

Mainland China advocates for new quality productivity, emphasizing "quality" in services, which is undoubtedly good news for consumers. However, for shareholders, corporate profitability remains the ultimate criterion. The State Administration for Market Regulation has summoned major food delivery platforms to resist vicious subsidies. Market expectations suggest that the era of massive subsidies is over, and the battleground will shift to AI competition. How to carve out a niche? Market economies are often not zero-sum games; it's not necessarily about one winning and the other losing. The best outcome is a win-win situation, expanding and strengthening the economic "pie", even taking successful formulas overseas.

The recent conclusion of the SCO is that China's overseas expansion will accelerate, focusing on areas like AI. With the US interest rate cut cycle approaching, the RMB has quietly risen to its highest level this year, and domestic bank stocks have also shown a clear rebound. Whether Alibaba, Meituan, and JD.com can sing a "harmonious song" will be a key factor in whether the bull market can continue. Today's simultaneous rise in Alibaba and Meituan may reflect optimistic expectations.

Dreams need to be realized, and warrant strategies should shift to mid-term preparations without call-back risks to guard against short-term volatility after a sharp rise in stocks like Alibaba. Meituan is suitable for bottom-fishing but should not be overly aggressive. In the market, Meituan's CALL, such as $ BPMTUAN@EC2602B.HK 19907, has a leverage of about 6x, expiring in February next year. Alibaba's low-street long-term option 14884 $ BPALIBA@EC2603B.HK, expiring in March next year, with 5x leverage, can be a reference.

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