BIMTUAN@EP2606A

Hong Kong Tech Stocks Rally Across the Board; Meituan Shares Surge Over 5%

Peer Trip.com releases earnings, potentially impacting sentiment for Meituan's travel segment.

Southbound Stock Connect trading remains suspended today due to Lunar New Year holidays.

Zhitong Finance releases latest Stock Connect shareholding analysis for Meituan

Strong Spring Festival consumption data may boost Meituan and local service stocks.

Meituan's Keeta prepares to enter Kuwait market, expanding Middle East footprint.

Mobile World Congress (MWC) 2026 kicks off in Barcelona.

Meituan's Keeta expands into UAE with Dubai launch, growing Middle East footprint.

Trump raises global tariffs to 15%, HK tech stocks face opening pressure

Redemption option for Meituan Series 2 Convertible Bonds becomes effective.

Meituan's zero-coupon convertible bonds due 2028 face investor put option in April

Meituan to participate in CHINASHOP 2026 Expo.

Meituan Releases 2026 Spring Festival Data: Leisure Orders in Lower-Tier Cities Surge Nearly 30%

Resumption of Southbound Trading and Potential Release of Lunar New Year Consumption Data

Young People Define New 'New Year Flavor': Meituan Data Shows Surge in 'New Year's Eve Dinner Delivered to Home' Searches

China's 'Two Sessions' to convene, focusing on consumption stimulus and low-altitude economy policies.

MSCI Quarterly Index Review Effective Date

Tech Buzz China to publish deep-dive report on Meituan's Brazil expansion strategy

Meituan faces technical tests as market continues to digest massive projected loss.

Market eyes potential impact of President Trump's April visit to Beijing on Chinese tech stocks.

KO YO GROUP

SANERGY GROUP

CHINA INFO TECH

GEOTECH HLDGS

AGTECH HOLDINGS

PUTIAN COMM

UNI PRINTSHOP

MODERN LAND

HUSCOKE HLDGS

SILKWAVE INC

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00HSI

00981

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The Hang Seng Index's early gains expanded to over 600 points, rising above the 27,000 mark. MEITUAN, SMIC, and Zijin Mining each rose by 5%, while KNOWLEDGE ATLAS plummeted by 15%

AASTOCKS

TRACKER FUND

Hang Seng Index

SMIC

HSCEI ETF

KNOWLEDGE ATLAS

MEITUAN

The Hang Seng Index's early gains expanded to over 600 points, rising above the 27,000 mark. MEITUAN, SMIC, and Zijin Mining each rose by 5%, while KNOWLEDGE ATLAS plummeted by 15%

STECH

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BABA

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The Hong Kong stock market opened higher in the morning, with the Hang Seng Index rising 385 points to 26,798 points, and the National Index and Hang Seng TECH Index increasing by 131 points and 92 points, respectively. E-commerce stocks such as Alibaba and JD opened higher, while technology stocks Tencent, Meituan, and NetEase also saw gains. AI model stock KNOWLEDGE ATLAS opened down 13.8% due to issues. Export stocks such as Creative Technology and SHENZHOU INTL opened higher, and pharmaceutical stocks WUXI BIO and WUXI APPTEC also rose. Commodity prices increased, leading to a general rise in related resource stocks

Hang Seng TECH Index

BABA-W

SHENZHOU INTL

WUXI BIO

JD-SW

Alibaba

WUXI APPTEC

TENCENT

FI CSOP HSI

CSOP HS TECH

FI2CAMNDQ100

FL2 CSOP HSI

China Southern Hang Seng ETF

FI2 CSOP HSI

"Hong Kong Stocks" The Hang Seng Index opened high at 385 points, with technology, export, and resource stocks rising, while AI model stocks retraced

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The Hang Seng Index opened up 1.46%, and the Hang Seng Technology Index rose 1.77%. NetEase opened more than 5% higher, JD HEALTH, MEITUAN, and KUAISHOU rose over 3%. KNOWLEDGE ATLAS and MINIMAX showed a significant pullback after a previous surge, falling over 13% and 10%, respectively. The market carries risks, and investment should be approached with caution

Wallstreetcn

NETEASE MUSIC

JD HEALTH

ChinaAMC Hang Seng Technology ETF(QDII)

MINIMAX-WP

Dacheng Hang Seng Technology ETF(QDII)

HSTECH ETF

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

ChinaAMC Hang Seng ETF

CAM HS TECH

Harvest Hang Seng SCHK Technology ETF

KUAISHOU-W

ISHARESHSTECH

Hang Seng TECH ETF I

NetEase

NTES-S

The Hang Seng Index opened up 1.46%, the Hang Seng Technology Index rose 1.77%, and KNOWLEDGE ATLAS and MINIMAX showed significant pullbacks

MPNGY

AWAY

Meituan Travel released data showing that a wave of travel peaked starting from the second day of the Lunar New Year (18th). From the second to the fifth day (18th to 21st), the number of flight bookings increased by 40% year-on-year. At the same time, a number of culturally rich and uniquely experienced small and medium-sized cities are rapidly gaining popularity. Among them, Chongzuo in Guangxi, Jingdezhen in Jiangxi, Kaifeng in Henan, Xuancheng in Anhui, Putian in Fujian, Tangshan in Hebei, Fangchenggang in Guangxi, Shangrao in Jiangxi, Yibin in Sichuan, and Pu'er in Yunnan have become the cities with the highest growth in tourist attention, highlighting the strong demand for in-depth and localized travel experiences

Meituan

ETFMG Travel Tech ETF

Meituan Travel: The first wave of travel peak arrives on the second day of the Lunar New Year

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KBAB

BIDU

The NASDAQ Golden Dragon China Index initially closed down 0.1%. Among popular Chinese concept stocks, Pinduoduo initially rose over 1%, Meituan, YUM CHINA, New Oriental, Tencent, BYD, Baidu, and Alibaba rose by up to 0.9%, Li Auto fell by 0.3%, XPeng fell by 0.9%, and WeRide fell by 3.8%

YUM CHINA

BIDU-SW

Global X China Consumer

KraneShares 2x Long BABA Daily ETF

BYD COMPANY

NEW ORIENTAL-S

Direxion FTSE China Bull 3X

GraniteShares 2x Long PDD Daily ETF

Tencent

Roundhill China Dragons ETF

Krne Csi China Internet

Global X E-commerce ETF

Tencent Holdings Limited

NASDAQ Golden Dragon China Index

Invesco Golden Dragon China

iShares MSCI China

Baidu

KraneShares 2x Long PDD Daily ETF

Meituan Travel data shows that the first peak of Spring Festival travel begins on the second day of the Lunar New Year. From the second to the fifth day, the number of flight bookings increased by 40% year-on-year, with popular destinations including Beijing, Chengdu, Guangzhou, Chongqing, Shanghai, Shenzhen, Zhengzhou, Xi'an, Hangzhou, and Wuhan

Meituan Travel: The first peak of travel during the Spring Festival is welcomed, with Beijing, Chengdu, Guangzhou, and Chongqing ranking as popular destinations

BABX

Meituan, China's leading online-to-offline services company, anticipates a loss of up to 24.3 billion yuan for 2025, with a fourth-quarter loss of approximately 15.7 billion yuan. This marks an improvement from a 18.6 billion yuan loss in the third quarter. The company faces intense competition in the instant commerce sector from Alibaba and JD.com, prompting significant spending on marketing and promotions. Meituan's stock has halved in value over the past year, reflecting the impact of the ongoing price war and increased operational costs.

benzinga_article

KraneShares 2x Long JD Daily ETF

BABA 2x Long Daily ETF - GraniteShares

Instant Commerce War Takes A Toll On Meituan

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The short selling amount in the Hong Kong stock market reached HKD 19.2 billion in the first half of the day, accounting for 28.2% of the total shortable stock turnover of HKD 68.2 billion. This is an increase from 20.3% the previous day. The five stocks with the highest short selling amounts are: HSCEI short selling ratio 47.9%, amount HKD 2.4 billion; TRACKER FUND short selling ratio 43.6%, amount HKD 2.16 billion; Southern HS Tech short selling ratio 55.3%, amount HKD 1.72 billion; Alibaba-W short selling ratio 24.3%, amount HKD 1.08 billion; Meituan-W short selling ratio 36.9%, amount HKD 710 million

HSCEI ETF-R

The short selling in Hong Kong stocks for half a day amounted to HKD 19.2 billion, accounting for 28.2% of the total turnover of shortable stocks

Citigroup's research report indicates that Meituan is expected to incur a core local business operating loss of RMB 6.8 billion to 7 billion in 2025, lower than the market expectation of RMB 7.3 billion. Total revenue in 2026 is expected to grow by 9.1% to RMB 399 billion, but lower than the market expectation of RMB 411 billion. Due to intensified competition from Alibaba and Douyin, Citigroup maintains a "Neutral" rating on Meituan and lowers the target price to HKD 94

Citi lowers the target price for MEITUAN to 94 yuan, last year's core local business operations loss exceeded expectations

Shanghai Shangmi Technology, a mainland commercial Internet of Things solution provider, has passed the listing hearing of the Hong Kong Stock Exchange, with shareholders including Alibaba, Meituan, and Xiaomi. The company is the world's largest Android-based BIoT solution provider, with a market share exceeding 10%. Revenue is expected to be RMB 3.404 billion, RMB 3.071 billion, and RMB 3.456 billion for the years 2022, 2023, and 2024, respectively, with net profits of RMB 160 million, RMB 101 million, and RMB 181 million

The commercial Internet of Things solution company, Sangmi, plans to go public in Hong Kong, with shareholders including Alibaba and Meituan

Nomura maintains a "Neutral" rating on Meituan, expecting the stock price to be difficult to rebound in the short term. Meituan issued a profit warning, expecting to turn from profit to loss in the fiscal year 2025, with a net loss between RMB 23.3 billion and RMB 24.3 billion, mainly due to intensified competition in local life services and investments in overseas markets. Meituan's core local business is expected to incur a loss of RMB 6.8 billion to RMB 7 billion, with a loss of about RMB 10 billion in the fourth quarter. Over the past year, Meituan's stock price has accumulated a decline of 51.7%, with a target price of RMB 107

Nomura maintains a "Neutral" rating on Meituan, expects the stock price to be difficult to rebound in the short term

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On February 16, Hong Kong stocks showed mixed performance, rebounding above the 27,000 mark on Monday and closing at 26,567 on Friday, with only an 8-point increase during the week. Northbound capital will pause until next Tuesday, recording a net inflow of HKD 20.2 billion before the holiday on Friday. Meituan's profit warning affected its stock price, which may drag down Alibaba and JD.com. The Hang Seng Index cannot afford to fall below the 26,200 level; if it fails to rise above 27,000, the market outlook will be relatively bearish. The short-term trading range for Hong Kong stocks is approximately 26,000-27,000, with only a half-day market today

- On February 16, Hong Kong stocks exhibited volatile performance, closing the week with only an 8-point increase.  
- The market is expected to open slightly lower as Northbound capital pauses until next Tuesday, with investors likely to be cautious ahead of the Chinese New Year holiday.  
- Concerns over Meituan's prolonged path to profitability may pressure its stock and impact others like Alibaba and JD, with key support levels around 26200 to watch for potential declines.

Stheadline

Hwabao CSI HK Equities Internet ETF

JD.com

JD LOGISTICS

Yinhua MSCI China A ETF

ALI HEALTH

E Fund CSI HK Connect Internet ETF

The half-day market closes early during the Spring Festival holiday | Gu Tianhou

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The Hong Kong stock market showed weakness in the half-day session before the Lunar New Year holiday, with the Hang Seng Index opening at 26,501 points, down 65 points or 0.25%. Alibaba fell 1.8%, and Meituan issued a profit warning, forecasting a loss of over 23.3 billion yuan last year, with its stock price slightly down 0.6%. Regulatory authorities interviewed several platform companies, affecting market sentiment. Stocks like CATL and LAOPU GOLD performed positively, with prices rising 1.3% and 0.2%, respectively. Sands China reported a net income of USD 7.443 billion for the year, an increase of 5.1% year-on-year

- The Hong Kong stock market is entering the Lunar New Year holiday, with only a half-day trading session today and full trading resuming this Friday.  
- Regulatory actions targeting major tech platforms in mainland China, along with a generally cautious market sentiment, are expected to lead to fluctuations in the Hang Seng Index around the 26,000 to 27,000 point range.  
- Analysts predict that stock prices, especially in the tech sector, will continue to face pressure due to ongoing price wars and muted investor interest.

CATL

LAOPU GOLD

Huaan Yifu Gold ETF

Before the market closed for the half-day session, Alibaba fell nearly 2%, Meituan issued a profit warning and slightly declined, CATL and LAOPU GOLD turned blue and moved upward | Hong Kong stocks opened

MEITUAN-W issued a profit warning, expecting a loss of between RMB 23.3 billion and RMB 24.3 billion for the fiscal year 2025, a significant turnaround from a profit of RMB 35.808 billion in the previous year. The loss is mainly due to the core local commerce segment shifting from operating profit to an operating loss of RMB 6.8 billion to RMB 7 billion. The loss trend is expected to continue into the first quarter of 2026. To respond to competition, the group is increasing its investment in the ecosystem, enhancing marketing, improving service quality, and supporting merchant operational efficiency. The group's operating condition is stable, with sufficient cash to support business development

"Profit Warning" Meituan estimates a loss of at least 23.3 billion RMB last year, with the loss trend continuing this season

On February 13th, the State Administration for Market Regulation interviewed platform companies such as Alibaba, Douyin, Baidu, Tencent, JD.com, Meituan, and Taobao Flash Sale, requiring them to comply with relevant laws and regulations, fulfill their main responsibilities, standardize promotional activities, and eliminate "involutionary" competition to maintain a fair competitive market environment and promote the innovation and healthy development of the platform economy

- On February 13, the State Administration for Market Regulation discussed compliance with various laws aimed at promoting fair competition with major platforms including Alibaba, Douyin, Baidu, Tencent, JD.com, Meituan, and Taobao Shanguo.  
- The platform enterprises were urged to eliminate "involution" competition and to enhance responsible promotional practices to foster a healthy platform economy.  
- The article also includes a disclaimer about investment risks and advises users to consider their individual circumstances before making investment decisions.

The State Administration for Market Regulation interviewed platform companies such as Alibaba, Douyin, Baidu, Tencent, JD.com, Meituan, and Taobao Flash Sale

Just bought my first Hong Kong stock, Meituan, through Stock Connect.I think Wang Xing is a tough guy who won't be knocked down.Finally got to experience Stock Connect.The overall operation was okay.Still figuring it out.Not investment advice!

MEITUAN-WR

Meituan HK SDR 5to1

Today’s Key News Recap

Feb 6 | Dolphin Research focus: 🐬 Stock 1, $BABA-W(09988.HK) Alibaba's Qwen app launched a 'Spring Festival RMB 3bn free-order' campaign today. The first wave centers on AI one-line prompts to order milk tea for free.Notably, WeChat further blocked today the promo passwords for red-envelope campaigns run by both Alibaba Qwen and Tencent Yuanbao. As a result, those keywords can no longer be copied or recognized in private or group chats.The move aims to protect WeChat's platform ecosystem and curb over-marketing that disrupts user experience. It also helps defend its social-traffic moat...

TENCENT-R

BABA-WR

Amazon

Roblox

LI AUTO-W

Li Auto

DingDong

XPENG-W

XPeng

NIO-SW

NIO Inc. USD OV

NIO Inc

Alibaba HK SDR 5to1

Tencent HK SDR 10to1

Alibaba Qwen's Lunar New Year free-order promo was blocked by WeChat; Nio surged after its first-ever quarterly profit | Daily News Recap

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It is terrible that silver's entire gains are wiped out. Where did the money go to?

Featured

I’m surprised to hear about the threat to $Novo Nordisk AS(NVO.US). I thought their drug would be protected by patents.

Dacai

Amzn down 10% is not a surprise with all other tech companies also falling greatly after announcing more than expected capex for 2026. US traders taking profits before tax season, people panic selling, institutions force selling to drive down the prices are what's causing this dip in the stock market. Eventually, these institutions will also be the ones buying the bottom and driving the rally once more. Investors just sit tight and dca into the stocks they have conviction and wait out.

Grab

NewUser_CkrdqW 

Current rate of return reached top 10% of users
Calculated based on  your Longbridge (Singapore) A/C

Rate Of Return

A sharp contrast between overvalued US tech stocks that we priced for perection Vs Chinese NIO that is beaten down and with lowered expectations.

LazyCat

Dividend Collector

Current rate of return reached top 30% of users
Calculated based on  your Longbridge (Singapore) A/C

Metals &amp; AMZN crash on a wild Friday. A $717M deal and Nio's profit surprise inside. Share your view &amp; earn Task Coins!

Hims & Hers Health

ETFS Capital Ltd.

ING Groep

Spotify

Hasbro

🔥 Market Snapshot:  Metals Crash, AMZN Plunge & $717M Deal | Feb 6, 2026

BIMTUAN@EP2606A(23627.HK)

The Hang Seng Index's early gains expanded to over 600 points, rising above the 27,000 mark. MEITUAN, SMIC, and Zijin Mining each rose by 5%, while KNOWLEDGE ATLAS plummeted by 15%

"Hong Kong Stocks" The Hang Seng Index opened high at 385 points, with technology, export, and resource stocks rising, while AI model stocks retraced

The Hang Seng Index opened up 1.46%, the Hang Seng Technology Index rose 1.77%, and KNOWLEDGE ATLAS and MINIMAX showed significant pullbacks

Meituan Travel: The first wave of travel peak arrives on the second day of the Lunar New Year

The NASDAQ Golden Dragon China Index initially closed down 0.1%. Among popular Chinese concept stocks, Pinduoduo initially rose over 1%, Meituan, YUM CHINA, New Oriental, Tencent, BYD, Baidu, and Alibaba rose by up to 0.9%, Li Auto fell by 0.3%, XPeng fell by 0.9%, and WeRide fell by 3.8%