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>JD US/BABA US/3690 HK: Food Delivery Subsidy Rules Adjusted Again, Merchant Share Rises to 70% (+/+/+)</li>
<li>TCOM US: Stable Traffic Growth in Dragon Boat Festival Traffic(+)</li>
<li>TCOM US:Daily cross-border trips during Dragon Boat Festival holiday hit 2.15m (-)</li>
</ul>


JD US/BABA US/3690 HK: Food Delivery Subsidy Rules Adjusted Again, Merchant Share Rises to 70% (+/+/+)
TCOM US: Stable Traffic Growth in Dragon Boat Festival Traffic(+)
TCOM US:Daily cross-border trips during Dragon Boat Festival holiday hit 2.15m (-)


[Blue Lotus Daily-TMT Update]:JD US/BABA US/3690HK/TCOM US/1024HK/700HK/PONY US/BIDU US/WRD US/GOOGL

<ul>
<li>3690 HK/PDD US/BABA US: SAMR issues compliance guidelines for online platform fee practices (-/-/-)</li>
<li>3690 HK: "Shen Qiang Shou" and "Pin Hao Fan" Both Surpass 10 Million Daily Orders (+)</li>
<li>TCOM US: Thailand's Foreign Tourist Arrivals Decline by 2% YoY, Chinese Tourists Drop 33% (-)</li>
</ul>


3690 HK/PDD US/BABA US: SAMR issues compliance guidelines for online platform fee practices (-/-/-)
3690 HK: "Shen Qiang Shou" and "Pin Hao Fan" Both Surpass 10 Million Daily Orders (+)
TCOM US: Thailand's Foreign Tourist Arrivals Decline by 2% YoY, Chinese Tourists Drop 33% (-)


[Blue Lotus Daily-TMT Update]:3690 HK/PDD US/BABA US/TCOM US/700 HK/NTES US/1024 HK/JD US/BILI US/AI

<ul>
<li>700 HK/BIDU US: Tencent announced a comprehensive AI technology upgrade for its browser product "QQ Browser" (+/-/-)</li>
<li>700 HK: Tencent's &lt;Final Fantasy 14 Mobile&gt; to Launch Technical Beta Test (+)</li>
<li>AAPL US/BABA US: Alibaba and Apple's AI collaboration faces US government scrutiny (-/-)</li>
</ul>


700 HK/BIDU US: Tencent announced a comprehensive AI technology upgrade for its browser product "QQ Browser" (+/-/-)
700 HK: Tencent's &lt;Final Fantasy 14 Mobile&gt; to Launch Technical Beta Test (+)
AAPL US/BABA US: Alibaba and Apple's AI collaboration faces US government scrutiny (-/-)


[Blue Lotus Daily-TMT Update]:700 HK/BIDU/AAPL/BABA US/3690 HK/PDD US/TCOMUS/1024 HK/WRD US/PONY US/

HK/China Equity Long-Short

Osbert Tang, CFA

<ul>
<li>The HSI has already recovered to 2.2% above the pre-"reciprocal tariff" level, and the top 10 best-performing constituents have registered an average return of 15.6%.</li>
<li>Despite so, there are still 40 under-performing stocks, with 32 of them remain in the negative zone with an average of 4.8% loss. </li>
<li>Among them, <a href="https://www.smartkarma.com/entities/zto-express-cayman-inc" target="_blank" data-smartkarma-citation="entities:33488:1" rel="noopener">ZTO Express Cayman (2057 HK)</a>, <a href="https://www.smartkarma.com/entities/budweiser-brewing-co-apac-ltd" target="_blank" data-smartkarma-citation="entities:28077:1" rel="noopener">Budweiser Brewing APAC (1876 HK)</a>, <a href="https://www.smartkarma.com/entities/byd-electronic-international-co-ltd" target="_blank" data-smartkarma-citation="entities:1927:1" rel="noopener">BYD Electronics (285 HK)</a>, and <a href="https://www.smartkarma.com/entities/meituan" target="_blank" data-smartkarma-citation="entities:26970:1" rel="noopener">Meituan (3690 HK)</a> look well-positioned to catch up.</li>
</ul>


The HSI has already recovered to 2.2% above the pre-"reciprocal tariff" level, and the top 10 best-performing constituents have registered an average return of 15.6%.
Despite so, there are still 40 under-performing stocks, with 32 of them remain in the negative zone with an average of 4.8% loss. 
Among them, ZTO Express Cayman (2057 HK), Budweiser Brewing APAC (1876 HK), BYD Electronics (285 HK), and Meituan (3690 HK) look well-positioned to catch up.


HK Strategy: What Are Some of the HSI Laggards to Pick Up?

<ul>
<li>JD US/3690 HK:Both JD and Metiuan Raise Standards for Premium Food Delivery (+)</li>
<li>700 HK/1024 HK: Tencent Releases Multimodal Video Generation AI Model Hunyuan Custom (+/-)</li>
<li>BILI US: Bilibili Launches New AI Advertising Tool “Insight Agent” (+)</li>
</ul>


JD US/3690 HK:Both JD and Metiuan Raise Standards for Premium Food Delivery (+)
700 HK/1024 HK: Tencent Releases Multimodal Video Generation AI Model Hunyuan Custom (+/-)
BILI US: Bilibili Launches New AI Advertising Tool “Insight Agent” (+)


[Blue Lotus Daily-TMT Update]:JD US/3690 HK/700 HK/1024 HK/BILI US/BIDU US/BABA US

China

Kuaishou Technology is a Chinese publicly traded company that operates a leading content community and social platform. It primarily offers short video sharing, live streaming, online marketing services, and e-commerce. The company was founded in March 2011 and is headquartered in Beijing, China.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Kuaishou Technology (1024 HK)

[Blue Lotus Daily-TMT Update]:JD US/BABA US/3690HK/TCOM US/1024HK/700HK/PONY US/BIDU US/WRD US/GOOGL

Food delivery subsidy rules adjusted, merchant share rises to 70%. Stable traffic growth for TCOM during Dragon Boat Festival, but daily cross...

Blue Lotus Research Institute

[Blue Lotus Daily-TMT Update]:3690 HK/PDD US/BABA US/TCOM US/700 HK/NTES US/1024 HK/JD US/BILI US/AI

SAMR issues compliance guidelines for online platform fees; "Shen Qiang Shou" and "Pin Hao Fan" exceed 10M daily orders;Thailand sees decline in...

Blue Lotus Research Institute

[Blue Lotus Daily-TMT Update]:700 HK/BIDU/AAPL/BABA US/3690 HK/PDD US/TCOMUS/1024 HK/WRD US/PONY US/

Tencent upgrades QQ Browser with AI, launches Final Fantasy 14 Mobile beta; Alibaba and Apple's AI collaboration under US government scrutiny.

Blue Lotus Research Institute

HK Strategy: What Are Some of the HSI Laggards to Pick Up?

HSI has rebounded above pre-reciprocal tariff levels, with top stocks up 15.6%. However, 32 stocks remain negative, with ZTO Express, Budweiser...

Osbert Tang, CFA

[Blue Lotus Daily-TMT Update]:JD US/3690 HK/700 HK/1024 HK/BILI US/BIDU US/BABA US

JD and Meituan raise standards for premium food delivery, Tencent releases new AI model, Bilibili launches AI advertising tool.

Blue Lotus Research Institute

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

[Blue Lotus Daily-TMT Update]:JD US/BABA US/3690HK/TCOM US/1024HK/700HK/PONY US/BIDU US/WRD US/GOOGL

​Food delivery subsidy rules adjusted, merchant share rises to 70%. Stable traffic growth for TCOM during Dragon Boat Festival, but daily cross...

Blue Lotus Research Institute

[Blue Lotus Daily-TMT Update]:3690 HK/PDD US/BABA US/TCOM US/700 HK/NTES US/1024 HK/JD US/BILI US/AI

​SAMR issues compliance guidelines for online platform fees; "Shen Qiang Shou" and "Pin Hao Fan" exceed 10M daily orders;Thailand sees decline in...

Blue Lotus Research Institute

[Blue Lotus Daily-TMT Update]:700 HK/BIDU/AAPL/BABA US/3690 HK/PDD US/TCOMUS/1024 HK/WRD US/PONY US/

​Tencent upgrades QQ Browser with AI, launches Final Fantasy 14 Mobile beta; Alibaba and Apple's AI collaboration under US government scrutiny.

Blue Lotus Research Institute

HK Strategy: What Are Some of the HSI Laggards to Pick Up?

​HSI has rebounded above pre-reciprocal tariff levels, with top stocks up 15.6%. However, 32 stocks remain negative, with ZTO Express, Budweiser...

Osbert Tang, CFA

[Blue Lotus Daily-TMT Update]:JD US/3690 HK/700 HK/1024 HK/BILI US/BIDU US/BABA US

​JD and Meituan raise standards for premium food delivery, Tencent releases new AI model, Bilibili launches AI advertising tool.

Blue Lotus Research Institute

Food delivery subsidy rules adjusted, merchant share rises to 70%. Stable traffic growth for TCOM during Dragon Boat Festival, but daily cross...

SAMR issues compliance guidelines for online platform fees; "Shen Qiang Shou" and "Pin Hao Fan" exceed 10M daily orders;Thailand sees decline in...

Tencent upgrades QQ Browser with AI, launches Final Fantasy 14 Mobile beta; Alibaba and Apple's AI collaboration under US government scrutiny.

HSI has rebounded above pre-reciprocal tariff levels, with top stocks up 15.6%. However, 32 stocks remain negative, with ZTO Express, Budweiser...

JD and Meituan raise standards for premium food delivery, Tencent releases new AI model, Bilibili launches AI advertising tool.