Meituan, Taobao Flash Sale, and JD.com collectively speak out; Can ONVO L90 reverse NIO??

0801 ｜Dolphin Research Key Focus:

🐬 Macro/Industry

1. On July 31, Trump signed an executive order to increase the tariff rate on Canada from 25% to 35%, effective August 1. It also specified "reciprocal tariffs" ranging from 10% to 41% for several countries and regions, with a unified 10% tariff for those not listed. Previously, refined copper was excluded from the 50% copper tariff. The global trade situation has become increasingly uncertain, potentially heightening investor risk aversion.

2. Meituan, Taobao Flash Sale, Ele.me, and JD.com have successively issued statements: Meituan released "Prosper Industry Ecosystem, Resist Disorderly Competition," Taobao Flash Sale and Ele.me released "Continuously Improve Service, Promote Healthy Competition, Stimulate Consumer Vitality," and JD.com released "Fulfill Main Responsibility and Social Responsibility, Build a Healthy Ecosystem for the Delivery Industry." They all mentioned not selling goods and services at prices significantly below cost, which severely distorts price signals and disrupts market competition order, causing waste. They firmly resist malicious competition. Previously, the State Administration for Market Regulation held talks, requiring the regulation of promotional activities. In the future, platforms may focus more on enhancing service experience, optimizing supply chains, and safeguarding the rights of all parties, which is beneficial for the long-term healthy development of the industry, prompting a shift from merely "burning money to grab the market" to a new stage where service and quality are the core competitive advantages.

🐬 Individual Stocks

1.$NIO(NIO.US)

Nio's ONVO L90 was officially launched last night, driving Nio's stock price to surge today. The price of ONVO L90 was officially announced at the launch event, with six versions priced between 265,800 yuan and 299,800 yuan, a decrease of 14,000 to 22,000 yuan compared to the pre-sale price of 279,900 to 320,000 yuan. The order performance exceeded expectations, showing the potential for a brand turnaround. The complete minutes compiled by Dolphin Research can be found in "Nio (Minutes): Surge of 8cm, Le Tao L90 Successfully Reverses Nio?".

2. Recent focus of Dolphin Research on financial reports and conference calls:

Apple: "Apple: AI Struggles, Still Relying on iPhone to Save the Day", "Apple (Minutes): Capital Expenditure Growth Mainly from AI-Related Investments"

Amazon: "AWS Shows No Progress, Retail Has Concerns, Amazon Needs to Squat Before Jumping?", "Amazon (Minutes): Reference 2Q for Capex Investment Intensity in the Second Half"

Coinbase: "Coinbase: Dismal Performance, Hard to Extinguish "On-Chain Fire"", "Coinbase (Minutes): New Business Blossoms in Multiple Lines—Payments, DEX, CAS..."

Roblox: "Roblox: Blockbuster Assist, Returning to Ecological Breakthrough"

🐬 Leading Sectors

Shanghai and Shenzhen: Tobacco, Consumer Finance, Professional Consumer Services;

Hong Kong Stocks: Furniture/Home/Decorative Materials Retailers, Highway-Passenger Transport, Paper Products;

U.S. Stocks: Copper, Agricultural Machinery, Auto Retailers.

🐬 Focus Next Monday

1. U.S. Factory Orders Monthly Rate.

Risk Disclosure and Statement of this Article: Dolphin Research Disclaimer and General Disclosure