Alibaba Launches "Amap Street Rank"; Meituan Restarts "Premium Delivery" Back to Fray｜Today's Important News Review

0910 ｜Dolphin Research Key Focus:

🐬 Macro/Industry

🐬 Individual Stocks

1.$Apple(AAPL.US)

In the early morning of September 10th Beijing time, Apple held its 2025 Fall Launch Event with the theme "Awe dropping," introducing the iPhone 17 series, new Apple Watch, and other products. Notably, the iPhone 17 Pro saw its first price increase in eight years, while Apple's stock price fell by 1.48% on the day. Although there were some innovations in the iPhone, the highlights were not particularly outstanding, and the narrative in the AI field remains limited. The price increase of the Pro version may also cause some consumer concerns, and the market may have worries about the subsequent market performance of its products. For Dolphin Research's brief comments and event minutes, see "Apple: iPhone's 'Small Tweaks' to Hold the Fort, Is the Big AI Move Still in the Works?".

2.$Alibaba(BABA.US)

On the occasion of Alibaba's anniversary, Amap announced the launch of the "Amap Street Ranking," a real-time list generated based on 800 million monthly active POIs and consumer heat, and opened store entry and live broadcast portals. By directly channeling map traffic into the local life transaction loop, it aims to compete with Douyin's "Local Dining and Entertainment List," potentially increasing Amap's in-store ad loading rate and GMV, contributing new high-margin revenue to Alibaba's local life segment, with short-term sentiment being somewhat positive.

3.$Baidu(BIDU.US)

At the WAVE SUMMIT Deep Learning Developer Conference 2025, Baidu released the Wenxin Large Model X1.1, with 1.5 trillion MoE parameters, surpassing GPT-4-Turbo in the Chinese SuperCLUE for the first time, with an API pricing of 0.8 yuan per million tokens. This demonstrates Baidu's continuous innovation and technological advancement in the field of large models. Baidu has been rising significantly recently, with an intraday increase of over 5% today.

4.$NVIDIA(NVDA.US)

NVIDIA released the new generation Rubin CPX chip system, designed for AI video generation and million-level code context, featuring a single card with 192 GB HBM4 and a bandwidth of 8 TB/s, quadrupling the video encoding throughput compared to H100. The Rubin CPX system is expected to be launched by the end of 2026, aiming to consolidate NVIDIA's leading position in the AI infrastructure market through significant improvements in computing power and efficiency.

5.$MEITUAN(03690.HK)

Starting today, Meituan's platform relaunches the "Quality Takeout" channel, focusing on Black Pearl and Must-Eat List restaurants, with a target customer unit price of 80-120 yuan, forming a high-low pairing with Meituan's main site. In the fiercely competitive takeout market, Meituan's relaunch of quality takeout services through Dianping is a key strategy for differentiated competition. It aims to attract quality-sensitive consumers, enhance user loyalty, and consolidate Meituan's position in the takeout market.

6.$Taiwan Semiconductor(TSM.US)

TSMC announced its August 2025 revenue of 335.77 billion New Taiwan dollars, a month-on-month increase of 7.8% and a year-on-year increase of 33.8%, setting a new single-month record high. Year-to-date cumulative revenue increased by 31.4% year-on-year. The full capacity of 3/5nm, combined with the concentrated shipments of AI GPUs, Apple's A19, and Qualcomm/MediaTek flagship chips, drove the acceleration of August revenue growth.

🐬 Leading Sectors

Shanghai and Shenzhen: Data Processing and Outsourcing Services, Film and Entertainment, Electronic Equipment and Services;

Hong Kong Stocks: Textiles, System Software, Oil and Gas Refining and Sales;

U.S. Stocks: Managed Healthcare, Electronic Components, Security and Alarm Services.

🐬 Focus for Tomorrow

1. U.S. Seasonally Adjusted CPI Monthly Rate, U.S. Seasonally Adjusted Core CPI Monthly Rate, U.S. Unadjusted CPI Annual Rate, U.S. Unadjusted Core CPI Annual Rate.

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