"Short essay" coming again; JD.com entered the food delivery market | Review of today's important news

0212 Dolphin's Key Focus:

🐬 Macro/Industry

1. The real estate sector has once again circulated a significant "small essay": It is reported that the Chinese government is preparing a plan that is expected to help Vanke address a funding gap of 50 billion RMB this year. Vanke A hit the daily limit, and the real estate sector quickly surged, boosting the overall sentiment in the Hong Kong and A-share markets.

🐬 Individual Stocks

1. $JD.com(JD.US)$MEITUAN(03690.HK)

JD.com has made a significant entry into the food delivery sector, announcing yesterday the official launch of its "Quality Dine-in Restaurant Merchant" recruitment plan, offering a year-long commission-free policy for merchants that join before May 1, 2025. Unlike previous small-scale trials, this time food delivery has been set up as a separate entry in the JD app's instant delivery section, featuring multiple chain restaurant brands such as Haidilao, Yuanji Yunjiao, and Burger King, significantly increasing the variety of dining options. JD's aggressive push into the food delivery business may divert market share from Meituan, potentially slowing the growth of delivery order volumes and impacting revenue growth. Meituan opened sharply lower today, ultimately closing down 4.08%.

2. $BABA-W(09988.HK)

Alibaba's stock price rose by as much as 8% today, reaching a new high since October last year. It was reported yesterday that Apple has recently collaborated with Alibaba Group to launch "Apple Intelligence" in China, coinciding with the appearance of Alibaba founder Jack Ma at the Alibaba campus yesterday, where he expressed his emphasis and expectations for AI: "The AI era has just arrived, and everything is just beginning; we are right on time!"

3. Core Focus on Earnings Report Interpretation and Conference Call

SMIC:《 SMIC: "National Subsidy" in Hand, Hard to Endure the Cycle?》、《 SMIC (Minutes): Capital Expenditure Plan on Par with Last Year》Coca-Cola: "Coca-Cola: Buffett's Insight is Sharp, Happy Fat Water Wins Big!", "Coca-Cola (Minutes): Organic Growth May Slow Down by 2025"

🐬 Leading Sectors

Shanghai and Shenzhen: Movies and Entertainment, Automotive Retailers, Road Passenger Transport;

Hong Kong Stocks: Real Estate Services, Heavy Electrical Equipment, Retailers;

U.S. Stocks: Kitchenware, Water and Soft Drinks, Specialty Chemicals.

🐬 Attention for Tomorrow

1. U.S. PPI Year-on-Year, U.S. PPI Month-on-Month;

2. Applovin, Robinhood, Reddit will release financial reports, and Dolphin will track and provide interpretative analysis.

This article's risk disclosure and statement: Dolphin Investment Research Disclaimer and General Disclosure