Blue Lotus Non US Internet research, Blue Lotus Research Institute

Ying Pan

Blue Lotus Non US Internet research

China growth and global non-US Internet equities

Blue Lotus Research Institute

Blue Lotus Research is a Hong Kong Type 4 Licensed investment advisory firm focusing on Chinese growth equities and global non-US Internet equities

Thematic (Sector/Industry)

<ul>
<li>TCOM US /3690 HK /ATAT US : Domestic tourism strong but outbound tourism weak during May Day holiday; strong transportation but weak accommodation.(-/+/-)</li>
<li>700 HK:  Tencent's New Mobile Game &lt;One Piece: Ambition&gt; Will Undergo Public Testing Next Week（+）</li>
<li>BABA US/JD US/PDD US/2618 HK: MOFCOM publishes commerce data for Labor Day Holiday (+/+/+/+)</li>
</ul>


TCOM US /3690 HK /ATAT US : Domestic tourism strong but outbound tourism weak during May Day holiday; strong transportation but weak accommodation.(-/+/-)
700 HK:  Tencent's New Mobile Game &lt;One Piece: Ambition&gt; Will Undergo Public Testing Next Week（+）
BABA US/JD US/PDD US/2618 HK: MOFCOM publishes commerce data for Labor Day Holiday (+/+/+/+)


[Blue Lotus Daily - TMT Update]:TCOM US /3690 HK /ATAT US/700 HK/BABA US/JD US/PDD US/2618 HK/Douyin

<ul>
<li>TCOM US/ATAT US: The increase in rainfall will negatively impact travels during the Labor Day holiday.(-/-)</li>
<li>META US/MSFT US /GOOGL US /SNAP US: The application of AI in advertising on short video and social platforms may result in greater efficiency than search advertising.（///////）</li>
<li>3690 HK: Meituan plans to expand into the Middle East Riyadh via KeeTa.（-）</li>
</ul>


TCOM US/ATAT US: The increase in rainfall will negatively impact travels during the Labor Day holiday.(-/-)
META US/MSFT US /GOOGL US /SNAP US: The application of AI in advertising on short video and social platforms may result in greater efficiency than search advertising.（///////）
3690 HK: Meituan plans to expand into the Middle East Riyadh via KeeTa.（-）


[Blue Lotus Daily - TMT Update]:TCOM US/ATAT US/METAUS/MSFTUS /GOOGLUS /SNAPUS/3690HK/NTESUS/SHEINUS

Blue Lotus China New Economy Research, Blue Lotus Research Institute

Eric Wen

Blue Lotus China New Economy Research

<ul>
<li>1810 HK: Xiaomi SU7 confirmed order exceeded 60K, monetization means starting to emerge（/）</li>
<li>HTHT US/ATAT US: Orange Crystal Hotel will launch a new version with a goal of reach 750 hotels by 2025, intensifying competition with Atour.（-） </li>
<li>300750 SZ: GAC announced that its in-house all-solid-state batteries will be put into mass production in 2026（/）</li>
</ul>


1810 HK: Xiaomi SU7 confirmed order exceeded 60K, monetization means starting to emerge（/）
HTHT US/ATAT US: Orange Crystal Hotel will launch a new version with a goal of reach 750 hotels by 2025, intensifying competition with Atour.（-） 
300750 SZ: GAC announced that its in-house all-solid-state batteries will be put into mass production in 2026（/）


[Blue Lotus Daily]:1810 HK/HTHT US/ATAT US/300750 SZ/9995 HK

<ul>
<li>PDD US: Temu merchants report a new round of forced price reductions (+)</li>
<li>3690 HK: Meituan Restructures Delivery Business to Boost Efficiency, Refine Operations Amid Slowing Order Growth(+)</li>
<li>Douyin/1797 HK/2618 HK/3690 HK: JD Logistics Partners with EastBuy to Launch "Delivery in hours" Service, Directly Competing with Meituan(+/-)</li>
</ul>


PDD US: Temu merchants report a new round of forced price reductions (+)
3690 HK: Meituan Restructures Delivery Business to Boost Efficiency, Refine Operations Amid Slowing Order Growth(+)
Douyin/1797 HK/2618 HK/3690 HK: JD Logistics Partners with EastBuy to Launch "Delivery in hours" Service, Directly Competing with Meituan(+/-)


[Blue Lotus Daily - TMT Update]:PDD US/3690 HK/Douyin/1797 HK/2618 HK/NTES US/TCOM US/ATAT US

<ul>
<li>1810 HK: Multiple reports show that Xiaomi‘s new car reservations very popular, but is it effective to skip professional test drives and directly market to the car buyers?（/）</li>
<li>ATAT: Atour tests a 50% discount promotion on Sunday, bodes well for occupancy rates and revenue.(+)</li>
<li>LI/1810 HK/XPEV/NIO/1211 HK:The Cyberspace Administration of China publishes regulations on cross-border data flows, which may clear the way for Tesla FSD to enter China（////-/-//）</li>
</ul>


1810 HK: Multiple reports show that Xiaomi‘s new car reservations very popular, but is it effective to skip professional test drives and directly market to the car buyers?（/）
ATAT: Atour tests a 50% discount promotion on Sunday, bodes well for occupancy rates and revenue.(+)
LI/1810 HK/XPEV/NIO/1211 HK:The Cyberspace Administration of China publishes regulations on cross-border data flows, which may clear the way for Tesla FSD to enter China（////-/-//）


[Blue Lotus Daily]:1810 HK/ATAT/LI/XPEV/NIO/1211 HK

China

Atour Lifestyle Holdings Limited operates as a holding company. The Company, through its subsidiaries, owns and manages midscale hotel chain through offline and online channels, including mobile application and weixin-wechat mini program. Atour Lifestyle Holdings serves customers in China.

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Atour Lifestyle Holdings (ATAT US)

[Blue Lotus Daily - TMT Update]:TCOM US /3690 HK /ATAT US/700 HK/BABA US/JD US/PDD US/2618 HK/Douyin

Domestic tourism strong but outbound tourism weak during 5.1 holiday; Tencent's new mobile game to undergo public testing next week; MOFCOM...

Blue Lotus Research Institute

[Blue Lotus Daily - TMT Update]:TCOM US/ATAT US/METAUS/MSFTUS /GOOGLUS /SNAPUS/3690HK/NTESUS/SHEINUS

rainfall will impact travel during Labor Day. Meituan expand into the Middle East Riyadh. NPPA released the game code. SHEIN designated asVLOP....

Blue Lotus Research Institute

[Blue Lotus Daily]:1810 HK/HTHT US/ATAT US/300750 SZ/9995 HK

Xiaomi's SU7 orders exceed 60K, Orange Crystal Hotel aims for 750 locations by 2025, GAC to mass produce all-solid-state batteries by 2026.

Blue Lotus Research Institute

[Blue Lotus Daily - TMT Update]:PDD US/3690 HK/Douyin/1797 HK/2618 HK/NTES US/TCOM US/ATAT US

Merchants in Temu report forced price reductions, Meituan restructures delivery business for efficiency, JD Logistics partners with EastBuy for...

Blue Lotus Research Institute

[Blue Lotus Daily]:1810 HK/ATAT/LI/XPEV/NIO/1211 HK

Li lowered the first quarter and full-year delivery targets.The Cyberspace Administration of China publishes regulations on cross-border data...

Blue Lotus Research Institute

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

[Blue Lotus Daily - TMT Update]:TCOM US /3690 HK /ATAT US/700 HK/BABA US/JD US/PDD US/2618 HK/Douyin

​Domestic tourism strong but outbound tourism weak during 5.1 holiday; Tencent's new mobile game to undergo public testing next week; MOFCOM...

Blue Lotus Research Institute

[Blue Lotus Daily - TMT Update]:TCOM US/ATAT US/METAUS/MSFTUS /GOOGLUS /SNAPUS/3690HK/NTESUS/SHEINUS

rainfall will impact travel during Labor Day. Meituan expand into the Middle East Riyadh. NPPA released the game code. SHEIN designated asVLOP....

Blue Lotus Research Institute

[Blue Lotus Daily]:1810 HK/HTHT US/ATAT US/300750 SZ/9995 HK

​Xiaomi's SU7 orders exceed 60K, Orange Crystal Hotel aims for 750 locations by 2025, GAC to mass produce all-solid-state batteries by 2026.

Blue Lotus Research Institute

[Blue Lotus Daily - TMT Update]:PDD US/3690 HK/Douyin/1797 HK/2618 HK/NTES US/TCOM US/ATAT US

​Merchants in Temu report forced price reductions, Meituan restructures delivery business for efficiency, JD Logistics partners with EastBuy for...

Blue Lotus Research Institute

[Blue Lotus Daily]:1810 HK/ATAT/LI/XPEV/NIO/1211 HK

Li lowered the first quarter and full-year delivery targets.The Cyberspace Administration of China publishes regulations on cross-border data...

Blue Lotus Research Institute

Domestic tourism strong but outbound tourism weak during 5.1 holiday; Tencent's new mobile game to undergo public testing next week; MOFCOM...

Xiaomi's SU7 orders exceed 60K, Orange Crystal Hotel aims for 750 locations by 2025, GAC to mass produce all-solid-state batteries by 2026.

Merchants in Temu report forced price reductions, Meituan restructures delivery business for efficiency, JD Logistics partners with EastBuy for...