Meituan's international food delivery brand Keeta launches in Qatar; Meta AI team undergoes new changes

0820 Dolphin Research Key Focus:

🐬 Macro/Industry

🐬 Individual Stocks

1. $LEAPMOTOR(09863.HK)

Market rumors suggest that China FAW Group plans to acquire a 10% stake in Leapmotor. This plan has reportedly entered the "internal circulation and promotion" stage within the group. If the deal goes through, FAW will become a strategic shareholder of Leapmotor, elevating their relationship from technical cooperation to capital partnership, accelerating Leapmotor's overseas expansion and B-end resources. In response, Leapmotor stated today that it has no comment. Note that in March this year, the two parties signed a strategic cooperation memorandum, and the first jointly developed Hongqi model has entered the development stage, with plans to launch through FAW's overseas channels in 2026.

2. $MEITUAN(03690.HK)

Meituan's international food delivery brand Keeta officially launched in Doha, the capital of Qatar, with the first batch of partners including McDonald's, Starbucks, and Jollibee. This marks Keeta's second stop in the Middle East after Saudi Arabia. With Doha's per capita GDP among the highest globally and low food delivery penetration, Keeta's strategy of "low price + high efficiency" is expected to quickly capture incremental market share, significantly advancing its internationalization strategy.

3. $Meta Platforms(META.US)

Meta announced the restructuring of its "Super Intelligent Lab" into four teams, overseen by the new Chief AI Officer Alexandr Wang. The original general AI foundation team will be disbanded. Additionally, Meta is considering downsizing the entire AI department, which may involve layoffs or reassignments. The company plans to abandon the old Behemoth model and develop the next-generation large model from scratch, potentially shifting to closed-source or third-party licensing. Recently, Meta has been active in the AI field, and this reorganization aims to integrate resources, replan AI development directions, and enhance efficiency and competitiveness. The subsequent effectiveness remains to be seen.

4. Dolphin Research Key Focus on Earnings Reports and Conference Call Minutes

Xiaomi: "Xiaomi: Phones Face 'Cold Wave' Again, Can Cars 'Surge' to the Rescue?", "Xiaomi (Minutes): Phone Target Lowered to 175 Million, Cars Not Participating in Internal Competition"

XPeng: "XPeng: Gross Margin Hits New High, Can It Soar Like a 'Great Peng'?", "XPeng (Minutes): Committed to Making New P7 One of the Top Three Pure Electric Cars in the 200,000 to 300,000 Yuan Range"

Pop Mart: "Pop Mart: Sewing Machine 'Overheating', Can Pop Mart Continue to Soar?", "Pop Mart (Minutes): Net Profit Margin Around 35% by 2025"

Baidu, HKEX, Boss Zhipin, and Lao Feng Xiang will release their earnings reports today, and Dolphin Research will track and provide analysis.

🐬 Leading Sectors

Shanghai and Shenzhen: Consumer Goods Retailers, Catering Services, Precious Metals and Minerals;

Hong Kong Stocks: Security and Alarm Services, Paper Products, Tobacco;

U.S. Stocks: Marine Ports, Furniture/Home Improvement Retailers, Commercial and Residential Mortgage Financing.

🐬 Focus for Tomorrow

1. Kuaishou, Bilibili, GoerTek, and MINISO will release their earnings reports;

2. U.S. S&P Global Manufacturing PMI Preliminary, U.S. S&P Global Services PMI Preliminary.

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