Food delivery war escalates, Meituan and JD.com both drop | Today's important news recap
0422｜Dolphin Research Key Focus:
🐬 Macro/Industry
1、Due to trade tensions triggered by tariff policies, investors are flocking to safe-haven assets, driving gold prices to record highs. The confrontation between Trump and Powell continues to escalate, with Trump reiterating his demand for the Federal Reserve to cut interest rates immediately and hinting that the U.S. economy could slow down if the Fed does not act promptly. Last night, the U.S. stock market experienced a significant decline, while Chinese concept stocks showed relative resilience.
🐬 Stocks
1、$JD-SW(09618.HK) $MEITUAN(03690.HK)
The dispute between Meituan and JD continues to escalate. JD's official Weibo directly accused a competing platform of forcing delivery riders to "choose one side," announcing that all food delivery orders delayed by more than 20 minutes would be free. Meituan quickly denied the rumors, stating that it has never restricted riders' order choices. Meanwhile, JD launched a "10 billion subsidies" campaign to lower prices and introduced rider-friendly policies to attract riders to "switch sides," even personally experiencing food delivery to earn goodwill. JD's aggressive approach has won over many users, but it undoubtedly comes at a high financial cost. Whether it can achieve breakeven remains uncertain, but it will certainly push Meituan to accelerate improvements in its competitive weaknesses. Today, Meituan fell nearly 5%, while JD dropped over 6%.
2、$Alphabet(GOOGL.US)
The U.S. Department of Justice demands that Google pay a heavy price for its monopolistic practices, including three core measures: a court-ordered sale of the Chrome browser, termination of agreements that give its search engine default status on devices like smartphones, and requiring data access for competitors. Additionally, if the conflict escalates, the collaboration between Google and Apple could be affected. Google pays Apple significant fees annually to ensure its search engine remains the default option in Safari, and any disruption to this partnership could impact Apple's profits.
2、Key Earnings Reports and Conference Calls
Goertek:《VR "Goes Silent," Tariffs "Backstab"—Where is Goertek's Way Out?》
Tonight, China Mobile will release its earnings report, and Dolphin Research will track and provide analysis.
🐬 Top Gainers
A-shares: Trading & Payment Services, Consumer Finance, Distributors;
Hong Kong: Trading & Payment Services, Diversified Metals & Mining, Medical Devices;
U.S.: Tires & Rubber, Gold, Precious Metals & Minerals.
🐬 Next Monday's Focus
1、Tesla and New Oriental to release earnings reports;
2、U.S. S&P Global Manufacturing PMI (Preliminary), U.S. S&P Global Services PMI (Preliminary).
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