MBMTUAN@EC2706A

UNI HEALTH

QUANTGROUP

AE LOGISTICS

XUNCE

KINTOR PHARMA-B

XunZhong

ILUVATAR COREX

HP LIVING TECH

NANFANG COMM

ZHAOWEI

03690

MPNGY

Citi expects Meituan's new business losses in the fourth quarter of 2025 to expand to RMB 3.3 billion, with delivery business revenue potentially decreasing by 14% year-on-year due to a decline in order value and commission rates. Total revenue is expected to grow slightly by 2% to RMB 90 billion, with adjusted losses maintained at RMB 13 billion. The bank has lowered its net profit forecasts for Meituan for the fiscal years 2025 and 2026 by RMB 3.3 billion and RMB 100 million, respectively, maintaining a "Buy" rating with a target price of RMB 135

AASTOCKS

MEITUAN

Meituan

In "The Big Banks," Citigroup expects Meituan's new business losses to expand to 3.3 billion RMB in the fourth quarter

BYDDY

DRAG

XPEV

09868

The China concept index rose over 1.7%, with the Nasdaq Golden Dragon China Index up 1.76%, closing at 7083.84 points. XPeng rose 6.4%, BYD rose 6%, and Meituan rose 5.7%. The China Technology Index ETF (CQQQ) rose 3.01%, and the China Internet Index ETF (KWEB) rose 2.79%

Wallstreetcn

BYD Company

Roundhill China Dragons ETF

iShares MSCI China

BYD COMPANY

XPeng

Krne Csi China Internet

Invesco China Tech

XPENG-W

Invesco Golden Dragon China

BYD Company Limited

The China concept index closed up over 1.7%, CQQQ rose 3%

.HXC

09866

BABA

00700

The NASDAQ Golden Dragon China Index preliminarily closed up 1.8%. Among popular Chinese concept stocks, XPeng rose 6.4%, BYD rose 6%, Meituan rose 5.7%, Li Auto and Nio rose over 3.8%, Baidu rose 2.9%, Tencent rose 2.4%, Alibaba rose 1.4%, NetEase fell 0.1%, and WeRide fell 1.4%

NASDAQ Golden Dragon China Index

NIO-SW

Alibaba

TENCENT

Baidu

BABA 2x Long Daily ETF - GraniteShares

KraneShares 2x Long BABA Daily ETF

Direxion FTSE China Bull 3X

NetEase

STECH

00HSI

02318

The Hang Seng Index closed at 25,408 points, down 348 points or 1.4%. The Hang Seng TECH Index reported 4,941 points, down 5 points or 0.1%. The total market turnover was HKD 392.33 billion. Among the active heavyweight stocks, PING AN fell 3.1%, MEITUAN rose 2.4%, and Alibaba fell 1.5%. XPeng rose 5.7%, and CHINA SHENHUA hit a new high, closing at HKD 46.62, up 3.3%

Hang Seng TECH Index

Hang Seng Index

PING AN

BABA-W

YANCOAL AUS

CHINA SHENHUA

PETROCHINA

YANKUANG ENERGY

According to the "All-Day Express," the Hang Seng Index fell by 348 points; the Hang Seng TECH Index dropped by 5 points. PING AN fell over 3%, while CHINA SHENHUA, PETROCHINA, YANCOAL AUS, and YANKUANG ENERGY reached new highs with active trading

01810

09618

02618

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%

XIAOMI-W

JD-SW

JD LOGISTICS

TRIP.COM-S

GDS-SW

Tencent

KINGSOFT CLOUD

KraneShares 2x Long JD Daily ETF

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

JD.com

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

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)

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%

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

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

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

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

Bosera CSI Global China Education Theme ETF(QDII)

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 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

---

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 50% 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

Guess

SPDR Gold Shares

iShares Silver Tr

Pro Ultr Silver

GLD SG

Qualcomm

Novo Nordisk AS

Eli Lilly

MUYUAN

HANS CNC

DISTINCT HEALTH

MONTAGE TECH

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

MBMTUAN@EC2706A(26851.HK)

In "The Big Banks," Citigroup expects Meituan's new business losses to expand to 3.3 billion RMB in the fourth quarter

The China concept index closed up over 1.7%, CQQQ rose 3%

The NASDAQ Golden Dragon China Index preliminarily closed up 1.8%. Among popular Chinese concept stocks, XPeng rose 6.4%, BYD rose 6%, Meituan rose 5.7%, Li Auto and Nio rose over 3.8%, Baidu rose 2.9%, Tencent rose 2.4%, Alibaba rose 1.4%, NetEase fell 0.1%, and WeRide fell 1.4%

According to the "All-Day Express," the Hang Seng Index fell by 348 points; the Hang Seng TECH Index dropped by 5 points. PING AN fell over 3%, while CHINA SHENHUA, PETROCHINA, YANCOAL AUS, and YANKUANG ENERGY reached new highs with active trading