China/Asia TMT

Shawn Yang

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>Futu Holdings: Zero-commission stock trading to debut in Japan next month（-）</li>
<li>BIDU/700.HK/BABA: CAC has approved the filing of 11 LLM products and they are now open to the whole society(+)</li>
<li>Boss Zhipin: China PMI marginal improved, employment activities remain lukewarm</li>
</ul>


Futu Holdings: Zero-commission stock trading to debut in Japan next month（-）
BIDU/700.HK/BABA: CAC has approved the filing of 11 LLM products and they are now open to the whole society(+)
Boss Zhipin: China PMI marginal improved, employment activities remain lukewarm


China TMT Update-FUTU/BIDU/700.HK/BABA/Boss Zhipin-FUTU Expand in Japan/Approval to AI/PMI Improved

<ul>
<li>AMZN/PDD/ Shein:  Amazon temporarily display the same discount and coupons (-)</li>
<li>FUTU: HK stock turnover remains lukewarm, while Futu is gaining market share in HK（-）</li>
<li>PDD/Shein: TikTok launching “Mall” and “fully managed” model in the USA and UK (-/-)</li>
</ul>


AMZN/PDD/ Shein:  Amazon temporarily display the same discount and coupons (-)
FUTU: HK stock turnover remains lukewarm, while Futu is gaining market share in HK（-）
PDD/Shein: TikTok launching “Mall” and “fully managed” model in the USA and UK (-/-)


AMZN/PDD/Shein/FUTU/TikTok: TikTok Launching “Mall” and “fully Managed” Model in the USA and UK

Articles from Caixin Global, Caixin Global

Caixin Global

Articles from Caixin Global

Caixin is a media group dedicated to providing financial and business news through periodicals, online content, mobile apps, conferences, books and TV/video programs. Caixin aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms.

News from Caixin

Cross Asset Strategy

<ul><li>Autos /In Depth: How smart cars are upending the auto supply chain</li><li>Capsized /: 39 missing after Chinese fishing vessel capsizes in Indian Ocean</li><li>Talk show /: Chinese comedy producer takes $2.1 million hit for military pun</li></ul>

Autos /In Depth: How smart cars are upending the auto supply chainCapsized /: 39 missing after Chinese fishing vessel capsizes in Indian OceanTalk show /: Chinese comedy producer takes $2.1 million hit for military pun

CX Daily: How Smart Cars Are Upending the Auto Supply Chain

<ul>
<li>Even though we are long-term optimistic on the rise of Chinese consumer brands, we believe short-term optimism is misplaced. </li>
<li>Two themes: (1) structural changes led by China’s transition to an older and more affluent society, (2) substitution and globalization that can break the ceiling for valuation;</li>
<li>Our TOP PICKS are Li Auto, Atour, Luckin, FUTU, BEKE and Miniso</li>
</ul>


Even though we are long-term optimistic on the rise of Chinese consumer brands, we believe short-term optimism is misplaced. 
Two themes: (1) structural changes led by China’s transition to an older and more affluent society, (2) substitution and globalization that can break the ceiling for valuation;
Our TOP PICKS are Li Auto, Atour, Luckin, FUTU, BEKE and Miniso


[Consumer Brands Deep Dive]:Structural and Substitution Drive Chinese Consumer

<ul>
<li>Positive to PDD: Temu aired its commercial at the Super Bowl</li>
<li>Negative to FUTU: Bright Smart Securities downsizing the mainland account</li>
<li>Positive to BIDU: Updates on Baidu's ChatGPT-similar product "ERNIE Bot"</li>
</ul>


Positive to PDD: Temu aired its commercial at the Super Bowl
Negative to FUTU: Bright Smart Securities downsizing the mainland account
Positive to BIDU: Updates on Baidu's ChatGPT-similar product "ERNIE Bot"


China TMT Update(Feb.11-14): PDD, FUTU, BIDU

United States

Futu Holdings Limited operates as a holding company. The Company, through its subsidiaries, offers an online brokerage platform that enables individual investors to trade in listed stocks. Futu Holdings serves customers in the United States, China, and Hong Kong.

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Futu Holdings Ltd (FUTU US)

China TMT Update-FUTU/BIDU/700.HK/BABA/Boss Zhipin-FUTU Expand in Japan/Approval to AI/PMI Improved

Futu: Zero-commission stock trading to debut in Japan next month;BIDU/700.HK/BABA: CAC has approved the filing of 11 LLM products;Boss Zhipin:...

Blue Lotus Research Institute

AMZN/PDD/Shein/FUTU/TikTok: TikTok Launching “Mall” and “fully Managed” Model in the USA and UK

AMZN/PDD/ Shein: Amazon temporarily display the same discount and coupons；FUTU: HK stock turnover remains lukewarm；PDD/Shein: TikTok launching...

Blue Lotus Research Institute

CX Daily: How Smart Cars Are Upending the Auto Supply Chain

Autos /In Depth: How smart cars are upending the auto supply chain Capsized /: 39 missing after Chinese fishing vessel capsizes in Indian...

Caixin Global

[Consumer Brands Deep Dive]:Structural and Substitution Drive Chinese Consumer

Chinese underconsumption is only half true. It only occurs in categories associated with development stages; Our TOP PICKS are Li Auto, Atour,...

Blue Lotus Research Institute

China TMT Update(Feb.11-14): PDD, FUTU, BIDU

PDD: Temu aired its commercial at the Super Bowl; FUTU: Bright Smart Securities downsizing the mainland account; BIDU: Updates on Baidu's ChatGPT...

Blue Lotus Research Institute

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