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JD Takeaway, JD.com’s food delivery service, has achieved over 1 million daily orders just 40 days post-launch, now operating in 142 cities across China. The platform offers meals from over 450,000 restaurants, benefiting from a zero-commission policy for merchants until May 2025. To engage users, JD is hosting daily meal-subsidy draws, providing opportunities for discounts and cash rewards.
Meituan reported a 20% increase in quarterly revenue, reaching 88.5 billion yuan (US$12.2 billion) for Q4 2024, surpassing analysts' expectations. The company achieved a net income of 6.2 billion yuan (US$854.96 million), driven by its core restaurant delivery service amid rising competition.To combat domestic market challenges, Meituan is expanding internationally with its Keeta app, which has gained traction in Hong Kong and Saudi Arabia, reaching one million weekly active users by January 2025. The company is also investing in grocery retail, live-streaming, and drone technology, although analysts anticipate losses from these ventures as it focuses on growth and innovation.
Huawei has launched its Pura X smartphone, the first in its flagship series to run entirely on HarmonyOS Next, featuring an AI assistant capable of humanlike emotional interactions. The device, powered by Huawei's Pangu large language model and enhanced by DeepSeek's AI, marks a significant step in the company's efforts to reduce reliance on Android. As Huawei aims to expand its ecosystem, it has attracted major apps to its AppGallery, while its smartphone market share in China has seen a rise despite ongoing challenges in the global market.
US investment banks are optimistic about Chinese technology stocks, driven by the success of AI start-up DeepSeek, which has sparked a market rally. The MSCI China Index has risen 15% this year, with significant gains in tech stocks, as global investors reassess China's potential in the tech and AI sectors. Notably, hedge fund Appaloosa Management has increased its stakes in major Chinese companies, reflecting growing confidence in the market.
The Hang Seng Index (HSI) has rebounded from early-year losses, driven by support measures from Beijing and strong performances from tech giants like JD.com, Xiaomi, and Alibaba. The index has broken key resistance levels, with a target of reaching 23,000 points in the coming weeks, as market sentiment improves ahead of the National People's Congress meeting in March. Investors are advised to buy above 20,000 points, with a stop at 29,500 points, reflecting a favorable risk/reward ratio.
UBS has set a target price of $4.7 for Bank of China (03988.HK), citing improved net interest margins from overseas business compared to peers. Meanwhile, Goldman Sachs highlights APAC stocks with a focus on Chinese shareholder returns, including BYD, Tongcheng Travel, Yum China, and others. Additionally, Morgan Stanley reports that the CSRC is encouraging major state-owned insurers to allocate 30% of new premiums to A-shares, with Chinese banks seen as primary investment options.
The HSI fell 327 points (1.6%) to 19,778, while the HSTI dropped 112 points (2.4%) to 4,581, amid a market turnover of $135.32 billion. Notable declines included MEITUAN and BABA, both down over 3%, while HSBC HOLDINGS and FIT HON TENG reached new highs.
Deutsche Bank has lowered its price target for Yum China Holdings to $54.30 while maintaining a Buy rating, citing strong financial health and an attractive P/E ratio. The company is expected to benefit from recent menu price increases and effective cost control measures, with plans for significant shareholder returns and expansion through new store openings. Yum China's upcoming analyst briefing on February 6, 2025, will provide further insights into its financial performance and growth strategies.
UBS analysts have maintained a neutral stance on Apple Inc., setting a price target of $236.00 amid revised lower iPhone unit expectations, forecasting 74 million units and $67.2 billion in revenue for December, down from previous estimates. Despite a year-over-year decline in iPhone sales, a slight increase in Services revenue offers some mitigation, though overall revenue projections for the quarter have been reduced to $120.8 billion, below consensus expectations. Meanwhile, Apple is exploring AI advancements and potential collaborations with Tencent and ByteDance to enhance its market position in China.
UBS analysts have maintained a neutral stance on Apple Inc., setting a price target of $236.00 amid revised lower iPhone unit expectations due to an 8% year-over-year decline in November sales. The adjusted forecast anticipates 74 million units and $67.2 billion in revenue for the December quarter, reflecting a 4% decrease from last year. Despite this, a slight increase in 'Services' revenue offers some mitigation, though overall revenue expectations have dropped to $120.8 billion, below consensus estimates.
JD.com, Inc.
Companies
| Symbol | JD |
| Name | JD.com, Inc. |
| Currency | USD |
| Sector | Consumer Discretionary |
| IndustryGroup | Retailing |
| Industry | Internet & Direct Marketing Retail |
| Market | NASDAQ Global Select |
| Country | China |
| State | |
| City | Beijing |
| Zipcode | 101111 |
| Website | http://www.jd.com |
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
JD Takeaway reaches one million daily orders within 40 days of launch
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