UBMTUAN@EC2610C

TRANSTHERA-B

ASIA STRAT TECH

SUMMI

MANY IDEA CLOUD

ZHONGMIAO

SKYMISSION GP

NICHE-TECH SEMI

KFM KINGDOM

INCON

CHINA CHENGTONG

09868

01810

BABA

09618

00700

02618

03690

TCEHY

The NASDAQ Golden Dragon China Index preliminarily rose by 0.7%, with a cumulative decline of about 4.2% this week. Among popular Chinese concept stocks, GDS rose by 7.5%, JD rose by 6.1%, XPeng, Trip.com, NetEase, and Kingsoft Cloud rose by up to 5.9%, Xiaomi rose by 3%, Meituan and Tencent rose by over 2%, and Alibaba rose by 0.4%. Canadian Solar fell by 3.7%, and Pony.ai fell by 8.5%. In terms of ETFs, KWEB rose by 1.3%, and CQQQ rose by 0.1%

Wallstreetcn

XPENG-W

XIAOMI-W

Alibaba

NASDAQ Golden Dragon China Index

JD-SW

TENCENT

JD LOGISTICS

TRIP.COM-S

GDS-SW

XPeng

MEITUAN

Tencent

KINGSOFT CLOUD

KraneShares 2x Long BABA Daily ETF

BABA 2x Long Daily ETF - GraniteShares

KraneShares 2x Long JD Daily ETF

Invesco China Tech

NTES-S

TCTZF

Hong Kong stocks continued to rise, driven by technology stocks such as Alibaba, Tencent, and Xiaomi, with the Hang Seng Index closing up 1.7% at 25,757 points. Despite increasing market concerns over the Iran war, which led to a decline in U.S. stocks, Dow and Nasdaq futures rose slightly. Northbound trading recorded a net outflow of 2.188 billion yuan, and after adjustments to the Hang Seng Index constituents, CATL and Laopu Gold rose by 2.6% and 3.4%, respectively. The Hang Seng Index has accumulated a decline of 3.3% this week

AASTOCKS

JD.com

BABA-W

CATL

Tencent Holdings Limited

The "Market Review" reports that tech stocks lead the rise in Hong Kong stocks, with JD.com stocks dancing and pharmaceutical stocks climbing

07300

513130

00HSI

513770

513040

36Kr learned that Hong Kong stocks opened high and continued to rise, with the Hang Seng Technology Index up over 3%, the Hang Seng Index up 1.5%, and tech stocks continuing to warm up. JD.com rose 7.6% after earnings, NetEase rose 5.5%, and Tencent Holdings, Xiaomi Group, Alibaba, and MEITUAN all rose over 3%

36Kr

FI CSOP HSI

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

Hang Seng Index

Tianhong Hang Seng TECH ETF(QDII)

Hwabao CSI HK Equities Internet ETF

CSOP HS TECH

ISHARESHSTECH

FL2 CSOP HSI

E Fund CSI HK Connect Internet ETF

Dacheng Hang Seng Technology ETF(QDII)

China Southern Hang Seng ETF

ChinaAMC Hang Seng Technology ETF(QDII)

FI2 CSOP HSI

Hong Kong stocks opened high and rose further, with the Hang Seng Technology Index up over 3%

MPNGY

EBIZ

The Market Supervision Administration of Shangqiu City, Henan Province, held talks with the heads of local branches of Meituan, JD.com, and Taobao Flash Purchase, requiring them to strengthen food safety responsibilities, eliminate "ghost deliveries," and implement "Internet + Bright Kitchen and Clear Stove." The meeting demanded that the platforms strictly review the merchants entering the network, investigate unlicensed merchants, ensure consistency of information online and offline, and establish a risk control mechanism. The three platforms promised to immediately carry out self-inspection and rectification to ensure food safety for citizens

Meituan

Global X E-commerce ETF

The Shangqiu Municipal Market Supervision Administration held talks requiring the elimination of ghost delivery services, and Meituan, JD.com, and Taobao Flash Purchase immediately began rectification

512380

IBUY

Meituan's hard discount supermarket brand Happy Monkey has officially entered Huzhou, with its first store located in Longquan Street, Wuxing District, taking over the site of the former Dadong Fresh Market. Happy Monkey adopts a strategy of selected SKUs and extremely low prices, focusing on offline experiences and 30-minute delivery services to meet residents' daily consumption needs. Currently, it has opened 13 stores nationwide and is preparing new stores in Ningbo, Foshan, and Huzhou

Yinhua MSCI China A ETF

VanEck Retail ETF

Amplify Online Retail ETF

SPDR S&P Retail ETF

Meituan Happy Monkey signs a contract to settle in Huzhou, taking over the original Dadong Fresh Supermarket site

000300

STECH

The Hang Seng Index closed at 25,321 points, up 71 points or 0.3%. The Hang Seng TECH Index reported 4,796 points, down 33 points or 0.7%. The total market turnover was HKD 321.872 billion. Among the actively traded blue-chip stocks, Alibaba fell 2.8%, Meituan dropped 1.2%, and Tencent decreased 0.8%; HKEX and Xiaomi Group each rose 0.6%. JD Health fell 6.2%, while AIA rose 5.1%. West China Cement dropped 26.6%, and SH Electric rose 15.8%. KINETIC DEV reached a new high, rising 8.7%

CSI 300

Hang Seng TECH Index

HKEX

KINETIC DEV

WESTCHINACEMENT

Xiaomi Corporation

JD HEALTH

SH ELECTRIC

CSOP CSI300

XL2CSOPHSTECH

FI2CAMNDQ100

The Hong Kong Economic Journal reported that the Hang Seng Index closed at 25,321 points, up 71 points; the Hang Seng TECH Index closed at 4,796 points, down 33 points. JD HEALTH fell over 6%, while KINETIC DEV reached a new high with strong trading volume

01299

01997

The Hang Seng Index closed at 25,462 points, up 212 points or 0.8%. The Hang Seng Tech Index closed flat at 4,829 points. The China Enterprises Index rose 20 points or 0.2%. Among the actively traded blue-chip stocks, MEITUAN fell 1.7%, Xiaomi rose 1.6%, Hong Kong Exchanges and Clearing rose 1.4%, Alibaba fell 1.2%, and TENCENT rose 0.5%. China National Pharmaceutical Group rose over 5%, AIA rose 4%, and WHARF REIC rose 3.6%. IFBH had the largest increase, rising 24.3%

WHARF REIC

YIDU TECH

Guotai CSI Bio-medicine ETF

ALI HEALTH

The Half-Day Report shows that the Hang Seng Index closed at 25,462 points, up 212 points; the Hang Seng Tech Index closed flat at 4,829 points. China National Pharmaceutical Group rose over 5%, reaching a new high for Strength Development

Global stock markets rebounded, with South Korean stocks rising over 12% and Japanese stocks up over 4%. U.S. stocks rebounded across the board, with the Dow Jones up 238 points, the S&P 500 up 52 points, and the Nasdaq up 290 points. Oil and gold prices rose slightly. Hong Kong stocks opened higher, with technology stocks such as Tencent, Alibaba, and MEITUAN generally rising, and HSBC up 3%. Xiaomi plans to launch new chips annually, while CNOOC received an upgrade but its stock price remained soft

- U.S. President Trump has officially nominated Waller to succeed Powell as the next Federal Reserve Chair, while Fed Governor Mester suggests that further interest rate cuts are appropriate despite the ongoing Middle East conflict's impact being too early to evaluate.  
- The U.S. dollar index fell to 98.69, leading to a rebound in major U.S. stock indices, with the Dow Jones rising 238 points and the Nasdaq adding 290 points.  
- Asian markets also reacted positively, with Japan's Nikkei 225 rising over 4% and South Korea's index increasing by 12%, while notable stocks like Samsung and SK Hynix saw significant gains.

Stheadline

HSBC

HSBC Holdings plc ADRhedged

Global stock markets rebounded, South Korean stocks once rose over 12%, the Hang Seng Index opened up 334 points, HSBC rose 3% | Hong Kong stock market opens

00800

The NASDAQ Golden Dragon China Index preliminarily closed up 0.8%. Among popular Chinese concept stocks, Nio rose 5.5%, PONY, WERIDE, and Xiaomi rose over 4%, New Oriental rose 2.7%, and XPeng, NetEase, Tencent, and Meituan rose over 1%

WERIDE-W

PONY-W

NIO Inc

New Oriental EDU & Tech

Invesco Golden Dragon China

Roundhill China Dragons ETF

iShares MSCI China

Bosera CSI Global China Education Theme ETF(QDII)

NetEase

601872

001337

02866

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.

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

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

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.

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

01024

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%

KUAISHOU-W

ZIJIN MINING

PACIFIC BASIN

"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

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

MEITUAN-WR

Meituan HK SDR 5to1

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

NIO-SW

NIO Inc. USD OV

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

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

UBMTUAN@EC2610C(26527.HK)

The "Market Review" reports that tech stocks lead the rise in Hong Kong stocks, with JD.com stocks dancing and pharmaceutical stocks climbing

Hong Kong stocks opened high and rose further, with the Hang Seng Technology Index up over 3%

The Shangqiu Municipal Market Supervision Administration held talks requiring the elimination of ghost delivery services, and Meituan, JD.com, and Taobao Flash Purchase immediately began rectification

Meituan Happy Monkey signs a contract to settle in Huzhou, taking over the original Dadong Fresh Supermarket site