MS#MTUANRP2808A

Meituan releases Spring Festival data for AI assistant 'Xiao Tuan', with over 100 million users.

Southbound funds have net bought Meituan for 7 consecutive days, totaling over HKD 3.6 billion.

Regulators announce new rules on 'ghost kitchens' and warn platforms on commission responsibility

Meituan Data Shows 30% Increase in County Spring Festival Gifting On-Demand Retail Orders

Meituan ADR rebounds over 1.5% in US pre-market trading

Southbound Funds Net Buy Meituan for HKD 311 Million, Bucking the Market Trend

Meituan launches food delivery promotions for the post-holiday return-to-work season.

Meituan HK Stock Short Selling Data Updated After Market Close

Meituan Launches Free Manga Video Section to Enter Manga Video Market

Meituan shares close down 1.87% at HK$81.15 amid lingering market pressure.

Meituan launches 'Fantuan Manshe' to enter the comic and manga market.

Meituan's first Hong Kong drone route preparation basically complete, connecting Science Park and Ma On Shan.

Meituan's $717M acquisition of Dingdong Maicai faces regulatory and integration challenges.

Hong Kong Stock Market Midday Review: HSI Falls 0.39%, Meituan Shares Weaken with Tech Sector

Meituan's Yangpu Riverside Headquarters in Shanghai expected to be completed in H1 2026.

Meituan applies to register 'Meituan Pinhaofang' trademark, signaling potential expansion into accommodation group-buying.

Guojin Securities releases report predicting 'iPhone moment' in AI era, bullish on Meituan and other tech stocks.

New Shanghai real estate policies effective Feb 26 may boost local service demand.

ByteDance upgrades app strategy, intensifying local services competition for Meituan.

Meituan Announces Grant of Restricted Share Units (RSUs)

CT IND GROUP

KEEN OCEAN

EPI (HOLDINGS)

MOBI DEV

MS CONCEPT

NANFANG COMM

CCOE

HK ENT INTL

IDT INT'L

PUTIAN COMM

VIPS

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BABA

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BABX

$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...

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

Meituan has launched a comic drama section "FanTuan Comic Club" within its main app, covering regular comic dramas and AI comic content, all of which are free for users. This marks Meituan's official entry into the comic drama track, becoming a new participant in this field

Wallstreetcn

Meituan

MEITUAN

Meituan launches "FanTuan ManShe," entering the comic drama sector

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In the Hong Kong Stock Connect, CNOOC had a net outflow of HKD 894 million, while Alibaba and YOFC had net outflows of HKD 888 million and HKD 625 million, respectively. The northbound capital saw a net inflow of HKD 18.36 million into Xiaomi Group. In the Hong Kong Stock Connect (Shanghai), DONGFANG ELEC had a net inflow of HKD 125 million, while CNOOC had a net outflow of HKD 626 million. In the Hong Kong Stock Connect (Shenzhen), MEITUAN had a net inflow of HKD 311 million, while Alibaba had a net outflow of HKD 657 million. The total net outflow for the day was HKD 0, with a total transaction amount of HKD 99.929 billion, accounting for 38.54% of the total market transaction amount

AASTOCKS

CHINA BLUECHEM

CNOOC

COSL

CHINA OILFIELD

BABA-W

DONGFANG ELEC

XIAOMI-W

DEC.LTD

Alibaba

YOFC

BABA 2x Long Daily ETF - GraniteShares

KraneShares 2x Long BABA Daily ETF

Net outflow of CNOOC in Hong Kong Stock Connect amounted to HKD 894 million

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The superhard materials concept fluctuated and rose sharply, with HHWW achieving 2 limit-ups in 3 days, SF Diamond rising over 10%, and LILIANG DIAMOND, Worldia, Boyun New Materials, and Huifeng Diamond following suit. In the morning session, the power sector was active, with green energy leading the rise, JXGNCL achieving 2 consecutive limit-ups, and FUNENG CO.,LTD., DHEP, MEP, NYOCOR Co., Ltd., and CSG Energy also rising

- On February 26, A-shares experienced a downturn amidst the suspension of all raw and spodumene exports by Zimbabwe’s Ministry of Mines.  
- Lithium-related stocks surged, with a notable spike in lithium carbonate prices, reflecting strong market activity despite overall index declines.  
- In contrast, the bond market saw declines, with government bond futures collectively dropping, while commodity futures predominantly rose, particularly for lithium and other materials.

FUNENG CO.,LTD.

SF Diamond

JXGNCL

Worldia

Boyun New Materials

NYOCOR Co., Ltd.

LILIANG DIAMOND

HHWW

CSG Energy

DHEP

The ChiNext Index fell over 1%, lithium mining stocks experienced a surge in limit-up trading, the RMB broke through the 6.84 mark, the Hang Seng Index fell nearly 1%, and tech stocks broadly declined

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The Hang Seng Index closed at 26,656 points, down 109 points or 0.4%; the Hang Seng Tech Index reported 5,171 points, down 89 points or 1.7%. Ping An fell over 3%, while heavyweight stocks such as Alibaba, MEITUAN, Hong Kong Stock Exchange, and Tencent all experienced declines. CKI Holdings, Power Assets, BOC HONG KONG, HSBC, and TINGYI reached new highs

TINGYI

PING AN

CKI HOLDINGS

BOC HONG KONG

Ping An

TENCENT

Ping An Insurance

The "Half-Day Express" reported that the Hang Seng Index closed at 26,656 points, down 109 points; the Hang Seng Tech Index closed at 5,171 points, down 89 points. Ping An fell over 3%, while CK Hutchison, Power Assets, BOC Hong Kong, HSBC, and TINGYI reached new highs

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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

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

ChinaAMC Hang Seng Technology ETF(QDII)

Dacheng Hang Seng Technology ETF(QDII)

HAIDILAO

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

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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

Krne Csi China Internet

Global X Robotics & Artificial

Hwabao CSI HK Equities Internet ETF

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

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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

JD.com

Guotai CSI Computer Theme ETF

CAM HS TECH

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

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.

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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

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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 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

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BIDU-SW

MNSO

JD-SW

YUM CHINA

KNOWLEDGE ATLAS

KB LAMINATES

ADD NEW ENERGY

GIGADEVICE

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

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

Vips

Financial Analysis

Vipshops

J&T EXPRESS-W

MEITUAN-WR

Meituan HK SDR 5to1

BABA-WR

Alibaba HK SDR 5to1

YieldMax BABA Option Income Strategy ETF

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

Tencent Holdings Limited

Amazon

Roblox

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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MS#MTUANRP2808A(62787.HK)

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

Meituan launches "FanTuan ManShe," entering the comic drama sector

Net outflow of CNOOC in Hong Kong Stock Connect amounted to HKD 894 million

The ChiNext Index fell over 1%, lithium mining stocks experienced a surge in limit-up trading, the RMB broke through the 6.84 mark, the Hang Seng Index fell nearly 1%, and tech stocks broadly declined

The "Half-Day Express" reported that the Hang Seng Index closed at 26,656 points, down 109 points; the Hang Seng Tech Index closed at 5,171 points, down 89 points. Ping An fell over 3%, while CK Hutchison, Power Assets, BOC Hong Kong, HSBC, and TINGYI reached new highs