JD.com has sparked a food delivery competition storm, Meituan fights back; Alibaba's financial report will be released tonight | Today's important news recap

February 20 | Dolphin Research Key Focus:

🐬 Macro/Industry

1、The State Council Information Office held a regular policy briefing to further interpret the "2025 Action Plan for Stabilizing Foreign Investment" released yesterday. The plan aims to expand openness in telecommunications, healthcare, education, and other sectors, encourage foreign equity investment, and send positive signals of opening up, which is expected to attract more long-term foreign capital into the A-share market.

🐬 Stocks

1、$MEITUAN(03690.HK) $JD.com(JD.US)

The food delivery battle between JD.com and Meituan is intensifying. JD.com announced today that starting from March 1, 2025, it will gradually provide full-time delivery riders with social insurance and housing fund, and offer part-time riders accident and health insurance. Meituan and Ele.me quickly followed suit, pledging to accelerate comprehensive protection for riders. Coupled with JD.com's previously announced zero-commission policy, the market hopes the duopoly of Meituan (yellow) and Ele.me (blue) can be broken. However, the tougher challenge ahead is who will bear the rising costs of this social security revolution. JD.com's execution remains a key focus.

2、$Palantir Tech(PLTR.US)

Palantir's stock plunged 10.08% last night, with after-hours trading continuing to decline. On one hand, Georgia lawmakers disclosed stock purchases, and PLTR CEO Alex Karp initiated a new trading plan to sell 10 million shares (about $1.1 billion) over the next eight months, sparking market concerns. On the other hand, foreign media reported that Trump has ordered the Pentagon to cut its budget by 8% annually over the next five years, with the Defense Secretary requiring senior officials to draft a reduction plan by February 25. This is undoubtedly a double blow for PLTR, further driving the decline.

3、$Apple(AAPL.US)

Last night, Apple launched the new iPhone 16e, starting at CNY 4,499 (128GB) in China, with official sales beginning on February 28. The new model abandons the "SE" naming and is directly included in the 16 series. It features a cut-down A18 chip with 80% better GPU performance than the A13, Apple's first self-developed C1 5G modem, and supports Apple Intelligence. Dolphin Research published a quick review this morning.

4、$Microsoft(MSFT.US)

Microsoft unveiled a new quantum chip, "Majorana 1," the world's first quantum chip with a novel topological core architecture. The news pushed Microsoft's stock into positive territory during trading, with quantum computing-related stocks also rising.

5、Dolphin Research Key Earnings Reports

Tonight, Alibaba, Bilibili, NetEase, Luckin Coffee, and Unity will report earnings. Dolphin Research will track and provide analysis.

🐬 Top Gainers

A-shares: Human resources & employment services, medical institutions, oil & gas refining and sales;

Hong Kong: Medical institutions, auto parts & equipment, life science tools & services;

U.S.: Consumer electronics, oil & gas exploration & production, tires & rubber.

🐬 Tomorrow's Watchlist

1、Block and Rivian will report earnings. Dolphin Research will track and provide analysis;

2、China's one-year loan prime rate (LPR).

Risk disclosure and disclaimer: Dolphin Research Disclaimer & General Disclosures