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>BABA US: Eleme to Invest Additional RMB1 Billion in Merchant Support Over Next Three Months(-)</li>
<li>JD US/1810 HK:May Retail Sales Growth Exceeds Expectations, Online Growth Slightly Accelerates (+/+)</li>
<li>JD US : JD.com Sponsors "Jiangsu Super League" . (+)</li>
</ul>


BABA US: Eleme to Invest Additional RMB1 Billion in Merchant Support Over Next Three Months(-)
JD US/1810 HK:May Retail Sales Growth Exceeds Expectations, Online Growth Slightly Accelerates (+/+)
JD US : JD.com Sponsors "Jiangsu Super League" . (+)


[Blue Lotus Daily-TMT Update]:BABA US/JD US/1810 HK/700 HK/NTES US/BIDU US/E-Commerce

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<ul>
<li>We remain near-term bullish since our 4/22/25 Compass, and our intermediate-term outlook remains bullish as well (as of our 5/14/25 Compass).</li>
<li>We will maintain our bullish view as long as market dynamics remain healthy and the SPX and ACWI-US are above 5700-5785 and $120-$121 (up from 5500 and $115).</li>
<li>We are upgrading Korea(KOSPI) to overweight; we discussed May 30 several Financials and other stocks to buy. KOSPI has exploded higher since, and is now reversing its 2-year RS downtrend.</li>
</ul>


We remain near-term bullish since our 4/22/25 Compass, and our intermediate-term outlook remains bullish as well (as of our 5/14/25 Compass).
We will maintain our bullish view as long as market dynamics remain healthy and the SPX and ACWI-US are above 5700-5785 and $120-$121 (up from 5500 and $115).
We are upgrading Korea(KOSPI) to overweight; we discussed May 30 several Financials and other stocks to buy. KOSPI has exploded higher since, and is now reversing its 2-year RS downtrend.


Upgrading Korea to Overweight; MSCI ACWI and Emerging Market Breakouts

<ul>
<li>PDD US: TEMU Surpasses Allegro in User Numbers in Poland in May (+)</li>
<li>700 HK: Reports Claim Tencent is Attempting to Acquire South Korean Game Developer Nexon for $15 Billion (+)</li>
<li>1439927D CH/1024 HK/BABA US/JD US: Douyin Commerce Announces Full "Zero Deposit" Entry for New Merchants (+/-/-/-)</li>
</ul>


PDD US: TEMU Surpasses Allegro in User Numbers in Poland in May (+)
700 HK: Reports Claim Tencent is Attempting to Acquire South Korean Game Developer Nexon for $15 Billion (+)
1439927D CH/1024 HK/BABA US/JD US: Douyin Commerce Announces Full "Zero Deposit" Entry for New Merchants (+/-/-/-)


[Blue Lotus Daily-TMT Update]:PDD US/700 HK/1439927D CH/1024 HK/BABA US/JD US/NTES US/Gaming Sector

<ul>
<li>700 HK: Tencent's &lt;VALORANT Mobile&gt; Launches iOS App Store Page, Showing Official Release on November 25 (-)</li>
<li>1024 HK: Kuaishou’s Kling AI Reaches Strategic Cooperation with Design AI Agent LOVART (+)</li>
<li>JD US/TCOM US: JD.com may launch OTA (Online Travel Agency) services in the near future (-//)</li>
</ul>


700 HK: Tencent's &lt;VALORANT Mobile&gt; Launches iOS App Store Page, Showing Official Release on November 25 (-)
1024 HK: Kuaishou’s Kling AI Reaches Strategic Cooperation with Design AI Agent LOVART (+)
JD US/TCOM US: JD.com may launch OTA (Online Travel Agency) services in the near future (-//)


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

<ul>
<li>TCOM US: Dragon Boat Festival holiday travel volume miss expectations(-) </li>
<li>JD US: JD Food Delivery Daily Orders Surpass 25 Million(+)</li>
<li>700 HK: Tencent Yuanbao App announces integration with Tencent Maps, enabling precise location (+)</li>
</ul>


TCOM US: Dragon Boat Festival holiday travel volume miss expectations(-) 
JD US: JD Food Delivery Daily Orders Surpass 25 Million(+)
700 HK: Tencent Yuanbao App announces integration with Tencent Maps, enabling precise location (+)


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

China

NetEase is a Chinese Internet technology company that provides online services across various sectors. Its core businesses include the development and operation of desktop and mobile games, alongside services in news aggregation, music streaming (NetEase Cloud Music), online education (Youdao), advertising, email, and e-commerce (Yanxuan). The company is headquartered in Hangzhou, China, and was founded in June 1997.

Price Gauge
52-week Range	0.00 - 0.00
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NetEase (9999 HK)

[Blue Lotus Daily-TMT Update]:BABA US/JD US/1810 HK/700 HK/NTES US/BIDU US/E-Commerce

Chinese e-commerce giants Eleme and JD.com are ramping up support for merchants and experiencing strong retail sales growth, with JD.com also...

Blue Lotus Research Institute

Upgrading Korea to Overweight; MSCI ACWI and Emerging Market Breakouts

MSCI $ACWI and Emerging Market $EEM Breakouts; Upgrading Korea $EWY to Overweight; Downgrading Broad Europe, but staying Overweight Germany,...

Vermilion Research

[Blue Lotus Daily-TMT Update]:PDD US/700 HK/1439927D CH/1024 HK/BABA US/JD US/NTES US/Gaming Sector

TEMU surpasses Allegro in user numbers in Poland, Tencent attempts to acquire Nexon for $15 billion, Douyin Commerce offers "Zero Deposit" entry...

Blue Lotus Research Institute

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

Tencent's set to release on November 25, Kuaishou partners with LOVART for AI, JD.com considers launching OTA services.

Blue Lotus Research Institute

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

TCOM US disappointed with Dragon Boat Festival travel volume, JD US sees surge in food delivery orders, Tencent Yuanbao App integrates with...

Blue Lotus Research Institute

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

[Blue Lotus Daily-TMT Update]:BABA US/JD US/1810 HK/700 HK/NTES US/BIDU US/E-Commerce

​Chinese e-commerce giants Eleme and JD.com are ramping up support for merchants and experiencing strong retail sales growth, with JD.com also...

Blue Lotus Research Institute

Upgrading Korea to Overweight; MSCI ACWI and Emerging Market Breakouts

MSCI $ACWI and Emerging Market $EEM Breakouts; Upgrading Korea $EWY to Overweight; Downgrading Broad Europe, but staying Overweight Germany,...

Vermilion Research

[Blue Lotus Daily-TMT Update]:PDD US/700 HK/1439927D CH/1024 HK/BABA US/JD US/NTES US/Gaming Sector

​TEMU surpasses Allegro in user numbers in Poland, Tencent attempts to acquire Nexon for $15 billion, Douyin Commerce offers "Zero Deposit" entry...

Blue Lotus Research Institute

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

​Tencent's set to release on November 25, Kuaishou partners with LOVART for AI, JD.com considers launching OTA services.

Blue Lotus Research Institute

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

​TCOM US disappointed with Dragon Boat Festival travel volume, JD US sees surge in food delivery orders, Tencent Yuanbao App integrates with...

Blue Lotus Research Institute

Chinese e-commerce giants Eleme and JD.com are ramping up support for merchants and experiencing strong retail sales growth, with JD.com also...

TEMU surpasses Allegro in user numbers in Poland, Tencent attempts to acquire Nexon for $15 billion, Douyin Commerce offers "Zero Deposit" entry...

Tencent's set to release on November 25, Kuaishou partners with LOVART for AI, JD.com considers launching OTA services.

TCOM US disappointed with Dragon Boat Festival travel volume, JD US sees surge in food delivery orders, Tencent Yuanbao App integrates with...