BIMTUAN@EC2608B

Meituan's community supermarket "Meituan Happy Monkey" opens its first store in Huzhou

Meituan kicks off its 2026 spring campus recruitment, focusing on AI technical talent

Meituan quietly enters the real estate business by launching a 'house finding' feature

Meituan's Lightyear team launches AI browser Tabbit for public beta.

Media reports that internet giants are reshaping China's elderly care service industry by offering services like nursing training and elderly care facilities

S&P Downgrades Meituan's Credit Rating to 'BBB+'

Middle East Military Conflict Halts Chinese Tech Companies' Expansion Plans

Meituan invests in AI-powered biosensor developer Synapsor

Hang Seng Index opens lower, tech stocks broadly hit, Meituan down 1.3%

Southbound Capital Increased Holdings in Meituan by HK$1.158 Billion in the Past 5 Trading Days

Hang Seng Indices constituent weights rebalanced, Meituan among largest net buys

Sina Finance publishes a commentary arguing that Meituan has been wrongly punished by the market due to the AI narrative

Lantern Festival drives "emotional value" consumption, with searches for creative sweet dumplings and lantern shows surging on Meituan

Meituan stock shows a 'triangle breakout' technical pattern

Meituan Responds to Tabbit Code Controversy, Removes Functionality and Opens Source Code

Analysis suggests Meituan is betting on AI and real estate after huge losses

Meituan upgrades its online medical insurance drug purchase service in Beijing, covering over 900 pharmacies.

Meituan Recorded Multiple Block Trades on March 3

Zhitong Finance data shows Southbound funds significantly increased holdings in Meituan over the past 5 days.

Meituan's AI Browser Accused of Plagiarizing Open-Source Project

WANJIAGROUP RTS

NE ELECTRIC

TEAMWAY INTL GP

CIL GROUP

BOER POWER

LISI GP HOLD

SH GROUP HLDG

ZHONG JU INVEST

MEMESTRATEGY

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ATAT

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83690

HMTD

MPNGY

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HTHT

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In our previous piece, we examined how ATAT has carved out a differentiated position in the mid-to-upscale segment, winning on service in its core hotel business. We also highlighted a fast-rising 'second growth curve' in recent years — the retail business built on its hotel footprint.At this juncture, how do we assess ATAT's growth outlook? How should investors view its investment value today? Let's continue.---

ATAT: Hotel fandom, retail cash-out — how long can the 'boutique-chic' darling keep winning?---

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In the morning session, the shipping sector fell sharply, with nearly 10 stocks including COSCO SHIPPING Energy, Cosco Shipping Specialized, CMES, COSCO SHIPPING Development, Lianyungang Port, and Phoenix Shipping hitting the daily limit down, while Air China Cargo once dropped nearly 30%. The precious metals concept collectively weakened, with SC GOLD hitting the daily limit down, Xiaocheng Technology dropping over 10%, ZHAOJIN GOLD opening at the daily limit down price, and WESTERN REGION GOLD, Hunan Gold, Hunan Silver, CHIFENG GOLD, and SD GOLD opening significantly lower

- A-shares opened lower and fell, with major indices collectively declining, influenced by the "three barrels of oil" stocks hitting the limit down.  
- The ongoing turmoil in the Middle East has heightened market inflation fears, impacting gold and oil prices significantly, while certain sectors like power equipment strengthened due to policy stimulus.  
- The bond market showed a broad rally in government futures, alongside varied performance in domestic commodity futures, reflecting a mixed but generally negative market sentiment.

Wallstreetcn

CMES

SC GOLD

COSCO SHIP DEV

COSL

KNOWLEDGE ATLAS

WESTERN REGION GOLD

Lianyungang Port

Cosco Shipping Specialized

PETROCHINA

COSCO SHIPPING Energy

ZHAOJIN MINING

SD GOLD

CHINA OILFIELD

SD-GOLD

CHIFENG GOLD

COSCO SHIPPING Development

COSCO SHIP ENGY

CNOOC

SINOPEC CORP

Sinopec Corp.

Hunan Gold

ZHONGJIN GOLD

ChinaAMC Gold ETF

ChinaAMC CSI SH-SZ-HK Gold Industry Equity ETF

A DOO AI

MEITUAN

The ChiNext index fluctuated and rose, the "three oil giants" briefly hit the limit down at the beginning of trading, memory stocks surged, the Hang Seng Index turned positive, and the large model stock KNOWLEDGE ATLAS surged strongly

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After the outbreak of military conflicts in the Middle East, many Chinese technology companies quickly entered a "wartime state." For example, a technology company in Shenzhen immediately recalled its business travelers and suspended flights, urgently procuring supplies. Over the past year, the Middle Eastern market has attracted numerous Chinese enterprises, especially in the technology and photovoltaic sectors, but the sudden outbreak of war has posed severe challenges to expansion plans. Companies like Meituan and JD.com are actively laying out their strategies in the Middle Eastern market, with rapid developments in the fields of autonomous driving and medical devices

- The outbreak of military conflict in the Middle East has led Chinese tech companies to abruptly alter their operations, recalling employees and halting planned flights.  
- Over the past year, the region was a hotspot for Chinese investment, particularly from tech giants, but the recent escalation of hostilities presents serious challenges to ongoing expansion plans.  
- Companies are now prioritizing safety and adapting to the crisis, as geopolitical risks previously considered low probability have become significantly impactful on their operations and investments.

JD.com

Meituan

JD-SW

Tech companies digging for gold in the Middle East have entered a "wartime state."

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Hong Kong stocks initially fell over 580 points, oil service stocks sharply declined, Meituan continued to explore the bottom, and Xiaomi rebounded

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XIAOMI-W

Hang Seng Index

Hong Kong stocks initially fell over 580 points, oil service stocks sharply declined, Meituan continued to explore the bottom, and Xiaomi rebounded

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The Hang Seng Index opened down 298 points at 25,469 points, the National Index opened down 91 points at 8,516 points, and the Hang Seng Tech Index opened down 60 points at 4,816 points. Commodity stocks generally declined, with SD GOLD, ZHAOJIN MINING, and ZIJIN MINING opening down 3.2% to 3.6%. Minmetals Resources' annual net profit soared over 2.1 times, with its stock price opening down 4%. Shipping stocks, PACIFIC BASIN, saw a 56% drop in annual net profit, with its stock price opening down 2%. Technology stocks Tencent, KUAISHOU-W, and MEITUAN opened down 0.9% to 1.3%. Financial stocks HSBC opened down 2.1%

Tencent

TENCENT

KUAISHOU-W

ZIJIN MINING

PACIFIC BASIN

Tencent Holdings Limited

"Hong Kong Stocks" Hang Seng Index opened down 298 points, commodity stocks declined, and Techtronic Industries fell nearly 5% after earnings

The Tabbit team of Meituan responded to the controversy regarding allegations of code plagiarism in its first AI browser. The team stated that on December 30 of last year, they became aware of the read-frog open-source project while developing the translation feature and forked the project. Since the project did not have an open-source license declaration at that time, the team failed to notice the GPLv3 license added by the original author on January 2 in a timely manner, and thus did not continue to merge subsequent code

Meituan's first AI browser caught in "code plagiarism" controversy? Multiple parties respond

XIACY

BABA

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According to the report from Soochow Securities Co., Ltd., last week, the net inflow of southbound funds in the Hong Kong stock market was HKD 6.7 billion, mainly flowing into information technology, discretionary consumer goods, and real estate construction industries, while outflows were seen in telecommunications and utilities. The stocks with the highest net purchases included Meituan, Xiaomi, and Tencent. The net inflow into ETFs accelerated, reaching a total scale of HKD 444.26 billion. The top ten net purchased stocks were Meituan, Alibaba, BYD, etc., while the stocks with net outflows included Zijin Mining, China Life, and Minmetals Resources, among others

Xiaomi Corporation

Alibaba

BABA-W

BABA 2x Long Daily ETF - GraniteShares

KraneShares 2x Long BABA Daily ETF

Dongxing Securities Co., Ltd. lists the top ten net purchases and net sales of Hong Kong stocks by southbound funds last week (table)

EATZ

The latest data shows that the takeaway battle has led to a decline in net profits for 80% of catering merchants, with 35% of merchants experiencing a drop of over 30%; 74% of merchants have seen a decrease in average order value, with 53% experiencing a decline of over 10%, and only 5% of merchants have achieved an increase in average order value. Dining-in merchants are the most significantly affected, with 65% of merchants reporting a year-on-year decline in dining-in revenue. Lixin Consulting released a research report on February 27, focusing on catering merchants in the takeaway subsidy battle, covering all 31 provincial-level administrative regions in the country, and collecting 2,298 valid questionnaires

AdvisorShares Restaurant ETF

Data shows that the takeaway war has led to an "irreversible decline" in restaurant prices, with 80% of merchants experiencing a decline in net profits

On March 2nd, Meituan's team Lightyear Beyond (GN06) announced that its new product Tabbit AI Browser has entered public beta. The product supports both macOS and Windows platforms and currently adopts a free and invitation code-free open strategy

Meituan launches AI browser

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The NASDAQ Golden Dragon China Index initially closed down 1.1%. Among popular Chinese concept stocks, Kingsoft Cloud fell 4.9%, ZAI LAB and Xiaomi fell 4.1%, while WeRide, Meituan, Vipshop, and GDS had the highest declines of 3.6%. Jinko Solar rose 2.1%, BEKE rose 2.2%, BYD rose 5%, Qifu Technology rose 5.8%, and Douyu rose 7.2%

Jinko Solar

BYD COMPANY

BEKE-W

NASDAQ Golden Dragon China Index

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BYD Company

ZAI LAB

Krne Csi China Internet

iShares MSCI China

Invesco Golden Dragon China

Roundhill China Dragons ETF

STECH

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The Hang Seng Index closed at 26,059 points, down 570 points or 2.1%; the Hang Seng TECH Index reported 4,989 points, down 148 points or 2.9%. The total market turnover was HKD 357.679 billion. Major stocks such as Xiaomi Group, Meituan, and Alibaba all experienced declines, falling over 5% and 4% respectively. Stocks like Xinyi Glass, CNOOC, and PetroChina reached new highs with active trading

Hang Seng TECH Index

ALI HEALTH

CSEC/China Shenhua

XINYI GLASS

CHINA SHENHUA

OOIL

According to the "All-Day Express," the Hang Seng Index fell by 570 points; the Hang Seng TECH Index dropped by 148 points. Xiaomi Group fell by over 5%, Meituan by over 4%, and Alibaba by over 4%. Xinyi Glass, CNOOC, PetroChina, OOIL, and China Shenhua hit new highs with active trading

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The Hang Seng Index closed at 26,209 points, down 420 points or 1.6%. The Hang Seng Tech Index reported 5,030 points, down 107 points or 2.1%. Xiaomi Group fell over 4%, while major stocks such as Meituan, Alibaba, Ping An, and Tencent also experienced declines. Xinyi Glass, CNOOC, OOIL, and China Shenhua reached new highs

China Coal Energy

CHINA COAL

The Half-Day Express reports that the Hang Seng Index fell by 420 points; the Hang Seng Tech Index dropped by 107 points. Xiaomi Group fell by over 4%. Xinyi Glass, CNOOC, OOIL, China Shenhua, and China Coal Energy reached new highs

Meituan's drone collaborates with the Hong Kong Youth Service Centre to trial a drone delivery route in Ting Kok Village, Tai Po, providing meal delivery services for the elderly. The route departs from the Science Park and goes directly to Ting Kok Village, using aerial straight-line distance to avoid ground traffic, reducing delivery time from one and a half hours to about 10 minutes. During the trial period, lunch and dinner deliveries are planned from Monday to Saturday. The person in charge of Keeta Drone stated that they hope to expand this model to more communities in the future

Meituan pilots drone delivery routes in Tingjiao Village, Tai Po, to provide meal delivery services for the elderly

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Meituan, Taobao Flash Sale, and JD.com responded to the newly released takeout regulations. Meituan stated that it will fully implement food safety requirements and increase support for catering merchants. Taobao Flash Sale, in collaboration with ecological partners, will build a food safety co-governance system, emphasizing platform review and public supervision. JD.com Takeout insists on quality takeout, establishing multiple review mechanisms and launching new brands to enhance food safety standards. The new regulations will be implemented starting June 1, requiring takeout merchants to indicate no dine-in and verify their business qualifications with regulatory authorities

JD HEALTH

JD LOGISTICS

Meituan, Taobao Flash Sale, and JD.com respond to new delivery regulations

Atour

Deep Research

Allstate

HAIDILAO

MEITUAN-WR

Meituan HK SDR 5to1

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H World

ALLSTATE CORP DEP SHS REP 1/1000 NON CUM PER PRF SER H

ALLSTATE CORP 4.750% DEP SHS REP 1/1000TH PRP PFD SR I

ALLSTATE CORP DEP SHS REPSTG 1/1000TH NON PERP PFD SER

Vips

Financial Analysis

$Vipshops(VIPS.US) released its Q4 2025 results on the evening of Feb 26. Despite earlier lowering guidance, the print still came in weaker: revenue slipped back into negative growth, while expense discipline kept profit growing.Specifically: 1) Core operating metrics — GMV growth stalled again this quarter, with YoY growth under 1%, missing market expectations. The drag came from another decline in active users, down Approx. 400k YoY, and a clear drop in order frequency per user, driving total orders down 5% YoY...

Vipshops

J&T EXPRESS-W

BABA-WR

Alibaba HK SDR 5to1

YieldMax BABA Option Income Strategy ETF

VIPS: Negative Growth Again? 10% Shareholder Return to the Rescue

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!

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

Amazon

Roblox

LI AUTO-W

Li Auto

DingDong

XPENG-W

XPeng

NIO-SW

NIO Inc. USD OV

NIO Inc

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 

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

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

BIMTUAN@EC2608B(25814.HK)

ATAT: Hotel fandom, retail cash-out — how long can the 'boutique-chic' darling keep winning?---

The ChiNext index fluctuated and rose, the "three oil giants" briefly hit the limit down at the beginning of trading, memory stocks surged, the Hang Seng Index turned positive, and the large model stock KNOWLEDGE ATLAS surged strongly

Tech companies digging for gold in the Middle East have entered a "wartime state."

Hong Kong stocks initially fell over 580 points, oil service stocks sharply declined, Meituan continued to explore the bottom, and Xiaomi rebounded

"Hong Kong Stocks" Hang Seng Index opened down 298 points, commodity stocks declined, and Techtronic Industries fell nearly 5% after earnings