Guangzhou Plans to Distribute RMB50 Million in Dining Vouchers in Several Phases During Spring Festival
Government Dining Vouchers: Guangzhou will distribute RMB50 million in dining vouchers before and after the Spring Festival to promote local dining experiences.
Collaboration with Platforms: The initiative will utilize platforms like MEITUAN-W and Douyin to offer commercial discount coupons for residents and visitors.
E-commerce Mobilization: Guangzhou plans to engage e-commerce platforms and brand merchants such as Vipshop, JD-SW, and Alibaba to meet holiday demand.
Enhancing Shopping Experience: The city aims to boost online shopping by diversifying product categories, increasing discounts, and innovating consumption experiences.
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Short Selling Activity Reaches $36.8B, Representing 16.7% of Total Eligible Securities Turnover at Market Close
Short Selling Turnover: The short selling turnover in the Hong Kong market reached $36.8 billion, accounting for 16.7% of the eligible securities turnover, a decrease from 22.2% on the previous trading day.
Top Short Selling Stocks: The top five stocks with the highest short selling amounts include CSOP HS TECH, XIAOMI-W, TRACKER FUND, BABA-W, and MEITUAN-W, with short selling ratios ranging from 8% to 39.7%.
CSOP HS TECH Performance: CSOP HS TECH had a short selling amount of $2.28 billion, with a short selling ratio of 27.1%.
XIAOMI-W Performance: XIAOMI-W recorded a short selling amount of $1.73 billion, with the highest short selling ratio among the top five at 39.7%.
Short Selling Activity Reaches $18.8B, Representing 16.9% of Eligible Securities Turnover by Midday
Short Selling Turnover: The short selling turnover in the Hong Kong market reached $18.8 billion at midday, accounting for 16.9% of the eligible securities turnover, a decrease from 22.2% on the previous trading day.
Top Short Selling Stocks: The top five stocks with the highest short selling amounts include CSOP HS TECH, XIAOMI-W, TRACKER FUND, MEITUAN-W, and BABA-W, with short selling ratios ranging from 11.3% to 45.7%.
CSOP HS TECH Performance: CSOP HS TECH (03033.HK) had a short selling turnover of $1.16 billion, with a short selling ratio of 30.2%.
XIAOMI-W and MEITUAN-W Highlights: XIAOMI-W (01810.HK) reported a short selling turnover of $996 million and a ratio of 40.8%, while MEITUAN-W (03690.HK) had a turnover of $916.9 million with a ratio of 45.7%.
Fitch Anticipates Limited Financial Effects from MEITUAN-W's Purchase of Dingdong; Price Competition Likely to Diminish This Year
Acquisition Announcement: Meituan-W plans to acquire Dingdong Fresh Holding Limited to strengthen its position in the instant shopping market, with Fitch Ratings indicating that this will have a neutral impact on Meituan's credit profile.
Financial Overview: Dingdong's EBITDA is projected at RMB390 million for the 12 months ending September 2025, which is less than 5% of Meituan's expected EBITDA for 2026, highlighting the relatively small scale of the acquisition's financial impact.
MEITUAN-W Optimizes Over 10 Marketing Campaigns Last Year, Resulting in RMB1.62B+ Savings for Platform Merchants
Marketing Campaign Adjustments: MEITUAN-W has simplified and canceled over ten food delivery marketing campaigns, including major activities like online vouchers and offline subsidies, to improve efficiency.
Cost Reduction for Merchants: These changes have positively impacted over 2 million food delivery merchants, leading to a reduction in ineffective marketing expenditures by more than RMB1.62 billion.
Short Selling Activity Reaches $47.7B, Representing 22.1% of Eligible Securities Turnover at Market Close
Short Selling Turnover: The short selling turnover in the Hong Kong market reached $47.7 billion, accounting for 22.1% of the eligible securities turnover, slightly down from 23% on the previous trading day.
Top Short Selling Stocks: The top five stocks with the highest short selling amounts include CSOP HS TECH, TENCENT, BABA-W, XIAOMI-W, and MEITUAN-W, with CSOP HS TECH leading at $7.79 billion and a short selling ratio of 66.7%.
CSOP HS TECH Performance: CSOP HS TECH (03033.HK) experienced a decrease of 0.947%, with a significant short selling turnover of $7.79 billion and a high short selling ratio of 66.7%.
Other Notable Stocks: TENCENT, BABA-W, XIAOMI-W, and MEITUAN-W also showed notable short selling activity, with TENCENT at $2.97 billion and a ratio of 15.2%, while MEITUAN-W had a turnover of $961.98 million and a ratio of 26.6%.
BofAS Maintains Neutral Rating on MEITUAN-W (03690.HK) Due to Minimal Financial Effects from Dingdong CN Business Acquisition
Acquisition Announcement: MEITUAN-W has signed an agreement to acquire the China business of Dingdong for an initial consideration of US$717 million, which will make Dingdong an indirect wholly-owned subsidiary of MEITUAN-W.
Financial Impact: The acquisition represents approximately 5% of MEITUAN-W's net cash of RMB96 billion, and analysts expect limited impact on the company's balance sheet, with a projected narrowing of adjusted net loss from RMB19 billion in 2025 to about RMB5 billion in 2026.
Short Selling Activity Reaches $36.8B, Representing 16.7% of Total Eligible Securities Turnover at Market Close
Short Selling Turnover: The short selling turnover in the Hong Kong market reached $36.8 billion, accounting for 16.7% of the eligible securities turnover, a decrease from 22.2% on the previous trading day.
Top Short Selling Stocks: The top five stocks with the highest short selling amounts include CSOP HS TECH, XIAOMI-W, TRACKER FUND, BABA-W, and MEITUAN-W, with short selling ratios ranging from 8% to 39.7%.
CSOP HS TECH Performance: CSOP HS TECH had a short selling amount of $2.28 billion, with a short selling ratio of 27.1%.
XIAOMI-W Performance: XIAOMI-W recorded a short selling amount of $1.73 billion, with the highest short selling ratio among the top five at 39.7%.
Short Selling Activity Reaches $18.8B, Representing 16.9% of Eligible Securities Turnover by Midday
Short Selling Turnover: The short selling turnover in the Hong Kong market reached $18.8 billion at midday, accounting for 16.9% of the eligible securities turnover, a decrease from 22.2% on the previous trading day.
Top Short Selling Stocks: The top five stocks with the highest short selling amounts include CSOP HS TECH, XIAOMI-W, TRACKER FUND, MEITUAN-W, and BABA-W, with short selling ratios ranging from 11.3% to 45.7%.
CSOP HS TECH Performance: CSOP HS TECH (03033.HK) had a short selling turnover of $1.16 billion, with a short selling ratio of 30.2%.
XIAOMI-W and MEITUAN-W Highlights: XIAOMI-W (01810.HK) reported a short selling turnover of $996 million and a ratio of 40.8%, while MEITUAN-W (03690.HK) had a turnover of $916.9 million with a ratio of 45.7%.
Fitch Anticipates Limited Financial Effects from MEITUAN-W's Purchase of Dingdong; Price Competition Likely to Diminish This Year
Acquisition Announcement: Meituan-W plans to acquire Dingdong Fresh Holding Limited to strengthen its position in the instant shopping market, with Fitch Ratings indicating that this will have a neutral impact on Meituan's credit profile.
Financial Overview: Dingdong's EBITDA is projected at RMB390 million for the 12 months ending September 2025, which is less than 5% of Meituan's expected EBITDA for 2026, highlighting the relatively small scale of the acquisition's financial impact.
MEITUAN-W Optimizes Over 10 Marketing Campaigns Last Year, Resulting in RMB1.62B+ Savings for Platform Merchants
Marketing Campaign Adjustments: MEITUAN-W has simplified and canceled over ten food delivery marketing campaigns, including major activities like online vouchers and offline subsidies, to improve efficiency.
Cost Reduction for Merchants: These changes have positively impacted over 2 million food delivery merchants, leading to a reduction in ineffective marketing expenditures by more than RMB1.62 billion.
Short Selling Activity Reaches $47.7B, Representing 22.1% of Eligible Securities Turnover at Market Close
Short Selling Turnover: The short selling turnover in the Hong Kong market reached $47.7 billion, accounting for 22.1% of the eligible securities turnover, slightly down from 23% on the previous trading day.
Top Short Selling Stocks: The top five stocks with the highest short selling amounts include CSOP HS TECH, TENCENT, BABA-W, XIAOMI-W, and MEITUAN-W, with CSOP HS TECH leading at $7.79 billion and a short selling ratio of 66.7%.
CSOP HS TECH Performance: CSOP HS TECH (03033.HK) experienced a decrease of 0.947%, with a significant short selling turnover of $7.79 billion and a high short selling ratio of 66.7%.
Other Notable Stocks: TENCENT, BABA-W, XIAOMI-W, and MEITUAN-W also showed notable short selling activity, with TENCENT at $2.97 billion and a ratio of 15.2%, while MEITUAN-W had a turnover of $961.98 million and a ratio of 26.6%.
BofAS Maintains Neutral Rating on MEITUAN-W (03690.HK) Due to Minimal Financial Effects from Dingdong CN Business Acquisition
Acquisition Announcement: MEITUAN-W has signed an agreement to acquire the China business of Dingdong for an initial consideration of US$717 million, which will make Dingdong an indirect wholly-owned subsidiary of MEITUAN-W.
Financial Impact: The acquisition represents approximately 5% of MEITUAN-W's net cash of RMB96 billion, and analysts expect limited impact on the company's balance sheet, with a projected narrowing of adjusted net loss from RMB19 billion in 2025 to about RMB5 billion in 2026.
