HUMTUAN@EC2607A

Meituan shares rebound in afternoon trading as market digests Dingdong Maicai acquisition.

Hang Seng Index quarterly rebalancing to be implemented after market close on March 6.

Viral post about couple earning 40k RMB delivering food sparks skepticism, Meituan responds.

HK Market Midday Review: Tech stocks rebound with Meituan rising over 2%; UBS bullish on Chinese tech sector.

Competitive landscape improves: Douyin Local Life slows 2026 growth target to 50%.

Meituan shares rebound in Hong Kong trading amid Southbound capital inflows.

Meituan establishes Tianjin Lexian Technology to strengthen agricultural supply chain

Analysis: Dingdong's sale to Meituan highlights survival strategy amid global protectionism.

China's 'Two Sessions' to open on March 4 and 5, focusing on consumption and platform economy policies.

CICC: Didi and Meituan's Strategies in Brazil's Food Delivery Market Boost Penetration Rate

UBS increases allocation to Chinese tech stocks citing attractive valuations.

Meituan's Keeta accelerates Middle East expansion with plans to enter UAE and Kuwait.

Put option window for Meituan's zero-coupon convertible bonds approaches.

Market reaction to strong Spring Festival consumption data and Southbound capital inflows

Meituan's Keeta aims to cover 80% of Saudi Arabia by mid-2026.

CCTV '3.15' Gala to air, with potential focus on food safety and rider welfare.

Meituan Enterprise Solutions to exhibit at CHINASHOP 2026.

Meituan ADRs may face pressure in US trading following HK stock decline and market sentiment.

Rider social insurance implementation expected in Q2 2026, posing margin risks.

Meituan responds to massive projected loss: Firmly opposes irrational competition and pledges to increase AI investment.

HKC INT'L RTS

TIANBAO ENERGY

HANG YICK RTS

CHERISH SUN

SUMMI

UNI PRINTSHOP

AGTECH HOLDINGS

NE ELECTRIC

KO YO GROUP

MANY IDEA CLOUD

03115

510150

03033

00HSI

513130

03032

00700

03690

The Hang Seng Index closed at 26,789 points, up 199 points or 0.8%; the Hang Seng Tech Index reported 5,288 points, up 17 points or 0.3%. The China Enterprises Index rose 81 points or 0.9%, closing at 9,088 points. Among the actively traded blue-chip stocks, Meituan, Ping An, Tencent, and Alibaba all saw increases, with Haidilao rising more than 5%. Li Ning, Sinopharm, CHINA RES MIXC, Hengan, and MTR all reached new highs

AASTOCKS

ISHARESHSI

China Merchants SSE Consumer 80 ETF

CSOP HS TECH

LI NING

Hang Seng Index

CHINA RES MIXC

Hang Seng TECH ETF I

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

HSTECH ETF

SINOPHARM

PING AN

ChinaAMC Hang Seng Technology ETF(QDII)

Dacheng Hang Seng Technology ETF(QDII)

TENCENT

HAIDILAO

MEITUAN

The Half-Day Report: The Hang Seng Index closed at 26,789 points, up 199 points; the Hang Seng Tech Index closed at 5,288 points, up 17 points. HAIDILAO rose over 5%, LI NING, SINOPHARM, CHINA RES MIXC, Hengan, and MTR reached new highs

512200

159707

CHIQ

KBAB

MPNGY

HSBC's research report points out that the Chinese stock market will reopen after the Lunar New Year holiday, focusing on five key data points during the Spring Festival period, including developments in artificial intelligence, real estate, tourism, and consumption. The bank believes that artificial intelligence and the gradual recovery of consumption are the main investment themes, and that mainland internet stocks may rebound. In terms of capital flow, a reduction in interest rate cuts may hinder capital inflows into emerging markets. In real estate, the sales volume of second-hand residential properties has increased, and tourism consumption has also seen a recovery

China Southern CSI All Share Real Estate ETF

Hwabao WP CSI 800 Real Estate ETF

Global X China Consumer

Yinhua CSI Interior Real Estate Theme ETF

Global X Cloud Computing ETF

KraneShares 2x Long BABA Daily ETF

Krne Csi China Internet

Global X Robotics & Artificial

Hwabao CSI HK Equities Internet ETF

Meituan

E Fund CSI HK Connect Internet ETF

HSBC Research recommends focusing on the development of five major areas in China: artificial intelligence, real estate, and consumption

600179

01138

601872

The shipping sector continues to be strong, with CMES hitting the daily limit again, achieving 3 limit-ups in 4 days and setting a new historical high. COSCO SHIPPING Energy and NJTC also hit the daily limit, Antong Holdings rose nearly 7%, while Cosco Shipping Specialized, Highton Development, and NBOSCO followed suit. The non-ferrous metal sector strengthened at the beginning of the session, with Yunnan Germanium and NFC hitting the daily limit, while ZY-Tungsten, Yunnan Tin, CNRE, GHNM, and SHRC also saw gains

- The article discusses the strong performance of the chemical, oil, gas, and shipping sectors in the A-share market on February 25, reflecting the impact of U.S. defense designations on critical agricultural materials.  
- A-shares saw modest gains with the Shanghai Composite rising 0.54%, while the Hong Kong market also experienced increases, particularly in tech stocks.  
- The bond market faced declines, albeit with slight increases in some 30-year and 10-year contracts, while most domestic commodity futures, including lithium carbonate and precious metals, showed significant gains.

Wallstreetcn

Antong Holdings

COSCO SHIP ENGY

CMES

NJTC

Cosco Shipping Specialized

Highton Development

Yunnan Germanium

CNRE

COSCO SHIPPING Energy

Yunnan Tin

ZY-Tungsten

GHNM

SHRC

NBOSCO

The three major A-share indices fluctuated and rose, with shipping and non-ferrous metals rallying, while computing hardware fell across the board. Hong Kong stocks in the technology sector rebounded collectively

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00241

06618

BABA

The Hong Kong stock market opened higher in the morning, with the Hang Seng Index rising 154 points to 26,745 points, and the National Index and Hang Seng Tech Index increasing by 61 points and 45 points, respectively. Technology stocks generally rebounded, with JD.com, Alibaba, and Meituan each opening 1.2% higher, while Tencent and Baidu saw slight increases. In the automotive sector, Li Auto and XPeng opened 1.5% and 2.8% higher, respectively. Financial stocks saw HSBC opening 0.4% higher, while Standard Chartered opened 1.2% lower. Real estate stocks New World Development and Cheung Kong Holdings opened lower

XPENG-W

ALI HEALTH

JD HEALTH

Alibaba

JD.com

Guotai CSI Computer Theme ETF

CAM HS TECH

"Hong Kong Stocks" Hang Seng Index opened high at 154 points, technology stocks rebound

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As U.S. President Trump is about to announce the State of the Union address, the Hong Kong stock index opened high at 154 points, reporting 26,745 points. Both Alibaba and Meituan saw their stock prices rise by more than 1%. Real estate stocks showed mixed performance, with New World up 1.3%, while Hang Lung and Cheung Kong experienced slight declines. The three major U.S. stock indices closed higher on Tuesday, with the market optimistic about AI-related stocks, as Anthropic signaled collaboration, boosting software stocks' stability

- U.S. President Trump is set to deliver the State of the Union address, focusing on the positive economic climate and announcing new measures to reduce costs.  
- U.S. stock indices closed positively, with the Dow up 370 points, while several tech stocks, including Anthropic and AMD, saw significant gains due to positive AI and software market signals.  
- In Hong Kong, the government is set to announce a new budget, resulting in mixed movements among real estate stocks, while tech stocks like Alibaba and Meituan experienced upward trends.

Stheadline

BABA-W

On the eve of the budget announcement, the Hang Seng Index opened up 154 points, with Alibaba and Meituan rising, while Zhizhu fell nearly 6%｜Hong Kong stock market opens

TCEHY

01810

XIACY

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The net inflow of the Hong Kong Stock Connect Southbound Hang Seng Technology is HKD 1.585 billion, with Meituan and Xiaomi Group seeing net inflows of HKD 687 million and HKD 438 million, respectively. In terms of net outflows, POP MART, CNOOC, and Tencent experienced net outflows of HKD 205 million, HKD 99.9 million, and HKD 86.77 million, respectively. For the Hong Kong Stock Connect (Shanghai), Tencent had a net inflow of HKD 393 million, while SMIC had a net outflow of HKD 121 million; for the Hong Kong Stock Connect (Shenzhen), the Southbound Hang Seng Technology saw a net inflow of HKD 1.327 billion, while Tencent had a net outflow of HKD 480 million. Overall, the total net outflow for the day was HKD 0, with a total transaction amount of HKD 108.443 billion, accounting for 43.21% of the total market transaction amount

Tencent

XIAOMI-W

Xiaomi Corporation

POP MART

Net inflow of HKD 1.585 billion for Southbound Stock Connect Hang Seng Technology

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On February 24th, Hong Kong stocks closed with all three major indices significantly retreating, with the Hang Seng Index down 1.82% and the Hang Seng Technology Index down 2.13%. Dragged down by the adjustment in U.S. stocks and macroeconomic concerns, the technology and catering sectors saw widespread declines, with Meituan down 4.24% and Tencent Holdings down 3.35%. Despite the weak market, KNOWLEDGE ATLAS surged against the trend, driven by positive news from AI model breakthroughs, rising 12.14%, while YUM CHINA increased by 2.55% due to strong earnings reports. Market sentiment has turned cautious, facing short-term profit-taking pressure

- On February 24, Hong Kong stocks faced a significant retreat, with major indices, including the Hang Seng Index, falling by 1.82% after reaching a high phase.  
- The declines were attributed to profit-taking pressures and cautious market sentiment, particularly affecting the tech and retail sectors.  
- Investors are closely monitoring macroeconomic indicators, including retail sales and import-export data, to assess the sustainability of local consumption and external demand recovery.

Market Heartbeat

KUAISHOU-W

BIDU-SW

MNSO

JD-SW

YUM CHINA

KNOWLEDGE ATLAS

KB LAMINATES

ADD NEW ENERGY

GIGADEVICE

NANFANG COMM

Tianhong Hang Seng TECH ETF(QDII)

Hong Kong Stock Market Closing | The Hang Seng Index fell 1.82%, technology and restaurant stocks were under pressure, while KNOWLEDGE ATLAS surged 12.14%

On February 24, 2026, Beijing time, the Hong Kong stock market collectively weakened in the afternoon, with all three major indices adjusting high and falling more than 2%. The Hang Seng Tech Index led the decline, dragged down by a pullback in AI themes. Technology stocks generally fell, with major stocks such as Tencent Holdings, Alibaba, and Meituan showing weak performance. Funds shifted towards defensive stocks and individual stock speculation, with Aito rising sharply against the trend due to positive acquisition news. On the macro level, the market is closely monitoring liquidity and the recovery of local consumption data, with investment sentiment leaning towards caution

- The Hong Kong stock market experienced a significant downturn, with major indices falling over 2% led by the Hang Seng Index which dropped 2.01%.  
- Key sectors such as internet and retail reflected negative sentiment, influenced by a retreat in AI stocks, highlighting a broader market adjustment.  
- Notable individual stock movements included significant increases for certain companies while others like Tencent and Alibaba faced declines amid increased market caution.

DAISHOMICROLINE

MOBI DEV

PUTIAN COMM

Hong Kong stocks intraday | Hang Seng Index fell 2.3%, Meituan dropped 4.59%, Aide New Energy surged 30.28%

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The short selling amount in the Hong Kong stock market reached HKD 20.91 billion in the half-day session, accounting for 18.8% of the total shortable stock turnover of HKD 111.23 billion. The previous day was 23%. The main shorted stocks include CSOP HS TECH with a short selling ratio of 36.5% and a short selling amount of HKD 1.69 billion; TRACKER FUND with a short selling ratio of 21% and a short selling amount of HKD 1 billion; MEITUAN-W with a short selling ratio of 32.7% and a short selling amount of HKD 980 million; TENCENT with a short selling ratio of 9.7% and a short selling amount of HKD 850 million; and China Ping An with a short selling ratio of 42.2% and a short selling amount of HKD 730 million

TRACKER FUND

The short selling in Hong Kong stocks for half a day reached HKD 20.91 billion, accounting for 18.8% of the total turnover of shortable stocks

On February 24th, the Hong Kong stock market's midday review showed a collective pullback in the morning session, with the three major indices experiencing a unilateral adjustment. The Hang Seng Index fell by 1.93%, and the Hang Seng TECH Index dropped by 2.36%, leading the market decline. Risk aversion sentiment increased, causing technology heavyweight stocks to weaken across the board, with Meituan -W down 4.76%, leading the blue-chip decline, and Tencent Holdings down 3.44%. The internet, retail, and catering sectors were generally under pressure, but YUM CHINA rose 1.98 against the trend. In terms of individual stocks, KNOWLEDGE ATLAS surged by 20.89%, and KB LAMINATES rose by 11.09, driven by positive earnings expectations. Market focus has shifted to macroeconomic data and liquidity in the capital market

- On February 24, Hong Kong's stock market showed a notable downturn with the Hang Seng Index closing at 26,560.57, down 1.93%. 
- Sector performance was broadly negative, particularly in technology and retail, with major companies like Tencent and Alibaba seeing significant declines amid rising risk aversion and concerns over macroeconomic conditions. 
- Investors are closely monitoring economic indicators such as retail sales and unemployment to gauge the recovery potential of the Hong Kong economy.

Shandong Molong

KINGBOARD HLDG

FI2 CSOP HSI

FL2 CSOP HSI

FI CSOP HSI

Hang Seng TECH Index

Hong Kong Stock Midday Review | Hang Seng Index fell 1.93%, KNOWLEDGE ATLAS surged 20.89%, Meituan dropped 4.76%

The Hang Seng Index closed at 26,558 points, down 523 points or 1.9%; the Hang Seng Technology Index reported 5,258 points, down 127 points or 2.4%. Major stocks such as Meituan, Ping An, and Tencent all experienced declines, with Meituan down 4.8%, Ping An down 4.2%, and Tencent down 3.4%. Some stocks like WH Group, Hang Lung Properties, Cheung Kong Infrastructure, Sinopharm, and Kwan Hung Laminates reached new highs

Tencent Holdings Limited

WH GROUP

China Southern Hang Seng ETF

ChinaAMC Hang Seng ETF

The Half-Day Report: The Hang Seng Index fell by 523 points; the Hang Seng Technology Index dropped by 127 points. Meituan fell over 4%, Ping An fell over 4%, Tencent fell over 3%. WH Group, Henderson Land, Cheung Kong Infrastructure, Sinopharm, and Kwan Hung International Holdings reached new highs

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Hong Kong stocks once retraced over 500 points, with Meituan, domestic insurance, and pharmaceutical stocks under pressure, while Zhipu and MiniMax rebounded

CPIC

Hong Kong stocks once retraced over 500 points, with Meituan, domestic insurance, and pharmaceutical stocks under pressure, while Zhipu and MiniMax rebounded

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On February 24th, during the Hong Kong stock market, the three major indices collectively weakened, with the Hang Seng Tech Index leading the decline, down 2.26%. The internet and retail sectors were under pressure, and market risk aversion increased, with Tencent Holdings falling 3.16% and Alibaba dropping 2.50%. The communication equipment sector showed mixed performance, with YOFC rising against the trend by 3.84%. In terms of individual stocks, KNOWLEDGE ATLAS surged 13.57% due to the release of its flagship model, while Jiantao's laminated board rose 11.19% on positive earnings expectations. Investors are closely watching Hong Kong's retail and unemployment rate data

- On February 24, Hong Kong stocks experienced a decline as profit-taking pressures emerged after reaching recent highs, with the Hang Seng Index down 1.65% at 26,634.12 points.  
- Notable declines were observed in the tech sector, led by Tencent, Kuaishou, and Meitu, while the retail sector also suffered due to external market influences.  
- Investors are closely monitoring economic indicators such as retail sales and unemployment rates to gauge local consumer recovery, impacting market momentum and liquidity expectations.

MEITU

BYD ELECTRONIC

SHANDONG MOLONG

YOFC

Hong Kong stock market intraday | The Hang Seng Index fell 1.65%, the Tech Index fell 2.26% leading the decline, KNOWLEDGE ATLAS surged 13.57%, YOFC strengthened against the trend

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

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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HUMTUAN@EC2607A(24606.HK)

The Half-Day Report: The Hang Seng Index closed at 26,789 points, up 199 points; the Hang Seng Tech Index closed at 5,288 points, up 17 points. HAIDILAO rose over 5%, LI NING, SINOPHARM, CHINA RES MIXC, Hengan, and MTR reached new highs

HSBC Research recommends focusing on the development of five major areas in China: artificial intelligence, real estate, and consumption

The three major A-share indices fluctuated and rose, with shipping and non-ferrous metals rallying, while computing hardware fell across the board. Hong Kong stocks in the technology sector rebounded collectively

"Hong Kong Stocks" Hang Seng Index opened high at 154 points, technology stocks rebound

On the eve of the budget announcement, the Hang Seng Index opened up 154 points, with Alibaba and Meituan rising, while Zhizhu fell nearly 6%｜Hong Kong stock market opens