Blue Lotus China New Economy Research, Blue Lotus Research Institute

Eric Wen

Blue Lotus China New Economy 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>BEKE US/BZ US/ATAT US/3690 HK/TCOM US:September Politburo Meeting Unusually Discusses Economic Topics, bodes well for catering and tourism consumption, Employment, and Real Estate(+)</li>
<li>2618 HK/002352 CH: JD and Alibaba reconcile, JD Logistics to launch on Taobao and Alipay to launch on JD.com (+/-)</li>
<li>NIO US: NIO Lowers Battery Swap Service Fees to Encourage Frequent Battery Swaps(-)</li>
</ul>


BEKE US/BZ US/ATAT US/3690 HK/TCOM US:September Politburo Meeting Unusually Discusses Economic Topics, bodes well for catering and tourism consumption, Employment, and Real Estate(+)
2618 HK/002352 CH: JD and Alibaba reconcile, JD Logistics to launch on Taobao and Alipay to launch on JD.com (+/-)
NIO US: NIO Lowers Battery Swap Service Fees to Encourage Frequent Battery Swaps(-)


[Blue Lotus Daily]:BEKE US/BZ US/ATAT US/3690 HK/TCOM US/2618 HK/002352 CH/NIO US/XPEV US/1211 HK

Blue Lotus Non US Internet research, Blue Lotus Research Institute

Ying Pan

Blue Lotus Non US Internet research

<ul>
<li>NTES US: Blizzard's &lt;Hearthstone&gt; Resumes Operations in China Today with High Player Enthusiasm (+)</li>
<li>BABA US/PDD US/AMZN US/SHEIN: AliExpress to promote new merchant models and faster logistics at Double 11 and Black Friday promotions (+/-/-/-) </li>
<li>BABA US/PDD US/JD US: Taobao/Tmall to offer no extra service fees on “buy-now pay-later” orders during Double 11 (-/-/-)</li>
</ul>


NTES US: Blizzard's &lt;Hearthstone&gt; Resumes Operations in China Today with High Player Enthusiasm (+)
BABA US/PDD US/AMZN US/SHEIN: AliExpress to promote new merchant models and faster logistics at Double 11 and Black Friday promotions (+/-/-/-) 
BABA US/PDD US/JD US: Taobao/Tmall to offer no extra service fees on “buy-now pay-later” orders during Double 11 (-/-/-)


[Blue Lotus Daily-TMT Update]:NTES US/BABA US/PDD US/AMZN US/SHEIN/JD US/2230CH/600398CH/3690HK/TCOM

Quantitative Equity Analyst, DMA

Charlotte van Tiddens, CFA

Quantitative Equity Analyst

Technology-First Company

DMA is a technology-first company that provides an end-to-end SaaS solution to institutional investors. DMA enables regulated entities like asset managers, wealth managers, investment managers and financial advisors to connect their front and back office, break silos and reduce headcount.

Event-Driven

<ul>
<li>On Tuesday, China announced fresh stimulus measures targeting the stock market and property sector.</li>
<li>The PBoC reduced the main policy rate and cut the RRR, signaling that further cuts were on the cards for later this year.</li>
<li>Further stimulus measures were announced today ahead of the Golden Week holiday. The discounts of Naspers and Prosus have rallied on the news, we see room for further upside.</li>
</ul>


On Tuesday, China announced fresh stimulus measures targeting the stock market and property sector.
The PBoC reduced the main policy rate and cut the RRR, signaling that further cuts were on the cards for later this year.
Further stimulus measures were announced today ahead of the Golden Week holiday. The discounts of Naspers and Prosus have rallied on the news, we see room for further upside.


Prosus X Naspers: Discounts Catch Bid on China Stimulus, Trip.com Stake Fully Exited

<ul>
<li>ATAT US/TCOM US:Travel Volume During Mid-Autumn Holiday Slightly Increased Compared to 2019(+/+)</li>
<li>1519 HK/ZTO US: Parcel volume collection +28% yoy in prior week (+/+)</li>
<li>XPEV US/LI US:Xpeng is rumored to launch an extended-range PHEV SUV next year.(///)</li>
</ul>


ATAT US/TCOM US:Travel Volume During Mid-Autumn Holiday Slightly Increased Compared to 2019(+/+)
1519 HK/ZTO US: Parcel volume collection +28% yoy in prior week (+/+)
XPEV US/LI US:Xpeng is rumored to launch an extended-range PHEV SUV next year.(///)


[Blue Lotus Daily]:ATAT US/TCOM US/1519 HK/ZTO US/XPEV US/LI US/LKNCY US

<ul>
<li>ATAT US/TCOM US: Hotel demand grow steadily in 1st week of September, with leisure travel being the main driver(+/+)</li>
<li>AAPL US/1810 HK/981 HK: Pre-registrations for iPhone 16 series in China well below prior models.(-/+/+)</li>
<li>AAPL US/1810 HK/981 HK: Huawei Mate XT receives positive commentary for design (-/-/+)</li>
</ul>


ATAT US/TCOM US: Hotel demand grow steadily in 1st week of September, with leisure travel being the main driver(+/+)
AAPL US/1810 HK/981 HK: Pre-registrations for iPhone 16 series in China well below prior models.(-/+/+)
AAPL US/1810 HK/981 HK: Huawei Mate XT receives positive commentary for design (-/-/+)


[Blue Lotus Daily]:ATAT US/TCOM US/AAPL US/1810 HK/981 HK/XPEV US/1211 HK/9863 HK/NIO US/ LI US

China

Trip.com Group Ltd. provides online travel agency services. The Company offers mobile applications, hotel reservations, flight ticketing, package tours, corporate travel management, and train ticketing services.

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

Trip.com (TCOM US)

[Blue Lotus Daily]:BEKE US/BZ US/ATAT US/3690 HK/TCOM US/2618 HK/002352 CH/NIO US/XPEV US/1211 HK

Chinese companies discuss economic topics, JD and Alibaba reconcile for cross-platform launches, NIO lowers battery swap fees.

Blue Lotus Research Institute

[Blue Lotus Daily-TMT Update]:NTES US/BABA US/PDD US/AMZN US/SHEIN/JD US/2230CH/600398CH/3690HK/TCOM

Blizzard's resumes operations in China with high player enthusiasm, AliExpress to promote new merchant models and faster logistics at Double 11...

Blue Lotus Research Institute

Prosus X Naspers: Discounts Catch Bid on China Stimulus, Trip.com Stake Fully Exited

The discounts of Naspers and Prosus have rallied following news flow out of China on fresh stimulus measures. There is likely room for further...

DMA

[Blue Lotus Daily]:ATAT US/TCOM US/1519 HK/ZTO US/XPEV US/LI US/LKNCY US

Travel volume during Mid-Autumn holiday slightly increased compared to 2019, parcel volume collection up 28% year over year, Xpeng rumored to...

Blue Lotus Research Institute

[Blue Lotus Daily]:ATAT US/TCOM US/AAPL US/1810 HK/981 HK/XPEV US/1211 HK/9863 HK/NIO US/ LI US

Hotel demand in the US is increasing due to leisure travel, while pre-registrations for the iPhone 16 series in China are lower than previous...

Blue Lotus Research Institute

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

[Blue Lotus Daily]:BEKE US/BZ US/ATAT US/3690 HK/TCOM US/2618 HK/002352 CH/NIO US/XPEV US/1211 HK

​Chinese companies discuss economic topics, JD and Alibaba reconcile for cross-platform launches, NIO lowers battery swap fees.

Blue Lotus Research Institute

[Blue Lotus Daily-TMT Update]:NTES US/BABA US/PDD US/AMZN US/SHEIN/JD US/2230CH/600398CH/3690HK/TCOM

​Blizzard's resumes operations in China with high player enthusiasm, AliExpress to promote new merchant models and faster logistics at Double 11...

Blue Lotus Research Institute

Prosus X Naspers: Discounts Catch Bid on China Stimulus, Trip.com Stake Fully Exited

The discounts of Naspers and Prosus have rallied following news flow out of China on fresh stimulus measures. There is likely room for further...

DMA

[Blue Lotus Daily]:ATAT US/TCOM US/1519 HK/ZTO US/XPEV US/LI US/LKNCY US

​Travel volume during Mid-Autumn holiday slightly increased compared to 2019, parcel volume collection up 28% year over year, Xpeng rumored to...

Blue Lotus Research Institute

[Blue Lotus Daily]:ATAT US/TCOM US/AAPL US/1810 HK/981 HK/XPEV US/1211 HK/9863 HK/NIO US/ LI US

​Hotel demand in the US is increasing due to leisure travel, while pre-registrations for the iPhone 16 series in China are lower than previous...

Blue Lotus Research Institute

Chinese companies discuss economic topics, JD and Alibaba reconcile for cross-platform launches, NIO lowers battery swap fees.

Blizzard's resumes operations in China with high player enthusiasm, AliExpress to promote new merchant models and faster logistics at Double 11...

Travel volume during Mid-Autumn holiday slightly increased compared to 2019, parcel volume collection up 28% year over year, Xpeng rumored to...

Hotel demand in the US is increasing due to leisure travel, while pre-registrations for the iPhone 16 series in China are lower than previous...