JD.com sparks a delivery competition storm, Meituan responds; Alibaba's financial report reveals results tonight | Today's important news review

0220 ｜ Dolphin Research Key Focus:

🐬 Macroeconomics/Industry

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

🐬 Individual Stocks

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

The delivery battle between JD.com and Meituan is escalating. JD.com announced today that starting from March 1, 2025, it will gradually pay social insurance and housing fund for full-time delivery riders and provide accident insurance and health insurance for part-time riders. Meituan and Ele.me are also following suit, stating they will accelerate the comprehensive protection for riders. Coupled with JD.com's more significant zero-commission policy (previously announced), the market expects the dominance of the two companies to be broken. However, the subsequent and more severe challenge is who will bear the increased costs of this social security revolution, and the implementation of JD.com's business still deserves continuous attention.

2. $Palantir Tech(PLTR.US)

Palantir's stock faced significant selling pressure last night, closing down 10.08%, with further declines in after-hours trading. On one hand, a Georgia state legislator disclosed the purchase of company stock, while PLTR CEO Alex Karp has initiated a new stock trading plan to sell $100 million worth of company stock (approximately $1.1 billion) over the next eight months, raising market concerns. On the other hand, according to foreign media reports, Trump has ordered the Pentagon to cut its budget by 8% annually over the next five years, and the Secretary of Defense has instructed senior officials to develop a reduction plan by February 25, which undoubtedly adds to the woes for PLTR and further stimulates the decline.

1. $Apple(AAPL.US) Last night, Apple launched the all-new iPhone 16e, starting at 4,499 yuan for the Chinese version (128GB), officially on sale from February 28. This new model abandons the SE naming and is directly included in the 16 series, equipped with a downgraded A18 chip, with GPU performance improved by 80% compared to the A13; it is the first to feature the self-developed Apple C1 5G modem; supports Apple Intelligence smart features, Dolphin Research has provided a brief commentary this morning.

2. $Microsoft(MSFT.US)

Microsoft released a new quantum chip "Majorana 1" last night, which is the world's first quantum chip to adopt a new topological core architecture. Following the announcement, Microsoft’s stock turned positive during intraday trading, and quantum computing-related U.S. stocks collectively rose.

5. Dolphin Research focuses on earnings reports

Tonight, Alibaba, Bilibili, NetEase, Luckin, and Unity will release their earnings reports, and Dolphin Research will track and provide interpretive analysis.

🐬 Leading Sectors

Shanghai and Shenzhen: Human resources and employment services, medical institutions, oil and weather refining and sales;

Hong Kong Stocks: Medical institutions, automotive parts and equipment, life sciences tools and services;

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

🐬 Attention for Tomorrow

1. Block and Rivian will release their earnings reports, and Dolphin Research will track and provide interpretive analysis;

2. The one-year loan market quoted interest rate in China.

Risk disclosure and statement of this article: Dolphin Research Disclaimer and General Disclosure