Core Insights - Keeta, a subsidiary of Meituan, officially launched operations in Dubai on September 27, marking its fourth strategic entry in the Middle East [1] - The company plans to expand its services from Dubai to other regions in the UAE, with preparations underway for a launch in Abu Dhabi [1] - Dubai is characterized by high delivery penetration, robust market infrastructure, and strong consumer demand for quality delivery services, making it a high-value market [1] Expansion Strategy - Keeta has rapidly entered three Middle Eastern markets within 40 days, following launches in Qatar and Kuwait [1][2] - The company aims to deepen its presence in the Middle East and expand to more countries within the Gulf Cooperation Council (GCC) [2] - Meituan's management highlighted Qatar's high GDP per capita and strong consumer willingness to pay for services as a solid foundation for future growth [2] Local Integration and Technology - Meituan emphasizes that its entry into Kuwait is not merely a replication of its domestic model but involves deep integration into the local ecosystem [3] - The company plans to provide reliable delivery services, diverse product offerings, and advanced digital tools for local merchants, while also supporting delivery partners with income guarantees and training [3] - Dubai will also serve as the first overseas site for Meituan's drone delivery service, with plans for regular operations following the acquisition of necessary regulatory approvals [3] Long-term Vision - Meituan's CEO expressed optimism about Keeta's long-term growth potential, aiming for a GMV of 100 billion within ten years, starting from its initial international expansion in Hong Kong [3]

每经AI快讯，9月29日，港股科网股午后震荡走高，阿里巴巴(09988.HK)、快手(01024.HK)均涨超4%， 腾讯控股(00700.HK)涨超3%，携程集团-S(09961.HK)、美团(03690.HK)、百度(09888.HK)、网易 (09999.HK)等个股跟涨。 ...

Group 1: Market Overview - The Hang Seng Index (HSI) is currently experiencing mixed sentiments, with bullish investors expecting a settlement price above 26,400 next week, while bearish investors anticipate a drop to between 25,500 and 25,300 [1] - Technical signals indicate a "sell" recommendation, with support levels at 25,574 and 25,200, and resistance levels at 26,700 and 26,900 [1] Group 2: Galaxy Entertainment (00027.HK) - Galaxy Entertainment's stock has been stable in recent months, with a current price of 43 HKD, but technical signals suggest a "sell" stance [4] - Support levels are identified at 42.1 HKD and 40.4 HKD, while resistance levels are at 43.4 HKD and 44.2 HKD [4] Group 3: Meituan-W (03690.HK) - Meituan's stock is currently stabilizing around 100 HKD, with technical signals indicating a "buy" recommendation [10] - Resistance is noted at 107 HKD, with potential to rise to 115 HKD if this level is breached; support levels are at 96.2 HKD and 91.7 HKD [10] Group 4: China Construction Bank (00939.HK) - China Construction Bank's stock has seen a low of 7.22 HKD, with a technical signal leaning towards "buy" [17] - Resistance levels are at 7.63 HKD and 7.86 HKD, with options available at a strike price of 9.9 HKD [17] Group 5: SMIC (00981.HK) - SMIC's stock is currently at 72.95 HKD, with a technical signal indicating a "sell" recommendation [23] - Support levels are at 66.4 HKD and 58.9 HKD, while the first resistance level is at 80.1 HKD [23] Group 6: Yancoal Australia (01171.HK) - Yancoal's stock is currently at 10.31 HKD, with technical signals showing a neutral stance [27] - Resistance levels are at 10.7 HKD and 11.3 HKD, with support levels at 9.8 HKD and 9.4 HKD [27]

中经记者李立上海报道 继高德上线"扫街榜"曲线布局到店业务，日前淘宝闪购正式上线"团购"，与美团全面竞争。 关于团购的比价，一位餐厅老板告诉记者，本质不会有太大差别。不同平台，补贴会有不同，价格会有 差异。因为团购利润很薄，餐厅会想办法找补，如果价格压得过低，搭配菜品会有差异，或者加入酒饮 拉高整体价格。 一位同时上线抖音、美团的美业商家谈到不同平台的差别时则告诉记者："有时抖音打的价格更狠，为 此我们就限制用户只能薅一次羊毛，美团价格会高一点，但是可以反复购买，长期客源较为稳定。" 9月20日，又一个"超级星期六"，陆续有上海用户发现淘宝闪购上线"到店团购"。从入口位置看，"到店 团购"相当显眼，用户打开淘宝闪购，第一排金刚位最右侧位置就是团购。配合团购上线，还同步推出 了"9.9起到店吃"之类新人福利。 《中国经营报》记者从淘宝闪购方面证实，淘宝闪购团购上线消息属实，到店团购业务已启动，首批覆 盖上海、深圳、嘉兴三个城市的核心商业区域，品类涉及茶饮、甜品、正餐、自助餐及城市特色小吃等 多个餐饮品类。"这是我们水到渠成的业务发展，我们将继续更好地服务消费者、更好地支持商家发 展。"淘宝闪购相关负责人表示。 ...

Core Insights - Meituan has launched a food map feature for train stations, allowing consumers to find desired meals while waiting for trains [1] - The service includes a "quick pick-up" option for high-demand restaurants, enabling customers to place orders online in advance to reduce wait times during peak hours [1] - The feature is available at 30 major railway hubs across key tourist cities in China, including Beijing, Shanghai, and Guangzhou, ahead of the National Day holiday [1] Summary by Category - **Service Launch** - Meituan's food map feature is designed to enhance the dining experience for travelers at train stations [1] - The "quick pick-up" service is being implemented in high-traffic restaurants to streamline the ordering process [1] - **Market Impact** - There has been a significant increase in search volume for food options at major train stations, with over a 70% week-on-week growth in searches for Shanghai and Beijing South Station [1] - **Geographic Coverage** - The new feature covers 30 key railway hubs, including major cities such as Beijing, Shanghai, Guangzhou, Shenzhen, and others, targeting areas with high tourist traffic [1]

对于前者，美团今年全面落地"超时免罚"，推出积分制和培训结合的新管理方式，给骑手更多弹性空 间。对于"过度接单"的情况，美团一方面根据安全分调整骑手的背单上限，另一方面顺应骑手需求，通 过更多安全奖励，引导骑手从"靠多跑单赚钱"的传统模式，转向"安全跑单也能多赚钱"。 9月28日晚，美团公众号发文宣布，1亿元安全骑行奖金池正式落地，相关资金将专项用于激励骑手在配 送过程中遵守交规、安全跑单，同时启动骑手中秋关怀活动。 据了解，今年年初，美团在骑手恳谈会上探讨安全骑行话题时，有骑手提出，有时候单子多时间紧，不 得已会有一些违规骑行；还有骑手为了增加收入多接单，这样一来就会跑得太快甚至闯红灯。 自第二季度起，美团陆续在全国范围内推出一系列安全激励活动。截至目前，已有多名3个月内保持"0 闯红灯"记录的优秀骑手获得了大额的奖金。 美团表示，围绕骑手的实际所需，美团正持续升级安全保障，从防疲劳机制、取消超时扣款、到解 决"最后100米"交付难、畅通骑手申诉渠道，我们努力通过探索更公平、更人性化的激励机制，推动从 负向处罚向正向激励的转变。 此外，从9月24日开始，美团在北京、上海、深圳、杭州、武汉等全国23座城市陆续 ...

Group 1 - The upcoming Mid-Autumn Festival and National Day holiday is driving a surge in travel bookings, with Tuniu reporting a week-on-week increase in travel product reservations for the holiday period [1] - Domestic travel bookings are particularly strong, with self-driving and free travel products seeing over 60% week-on-week growth, while group travel bookings have increased by over 50% [1] - Hotel and homestay bookings are also on the rise, with Huazhu Group reporting a 3 percentage point increase in overall booking rates compared to last year, with first-tier cities like Beijing leading the way [2] Group 2 - The "拼假" (Pinyin: pīn jià) trend is contributing to increased travel interest, with a 26% year-on-year rise in bookings for travel products from September 26 to September 28 [3] - Popular destinations are seeing significant increases in hotel search and booking volumes, particularly in cities like Beijing, Shanghai, and Chengdu, as well as lesser-known locations [3] - Tujia reported a 10% year-on-year increase in homestay bookings from September 27 to September 30, with a notable proportion of "post-00s" travelers [3] Group 3 - Flight prices for certain routes are at "floor prices," making them attractive for travelers, with one-way tickets from Beijing to Urumqi priced just over 1,000 yuan [4] - Meituan Travel identified the top 10 destinations for the holiday, including Hainan, Xinjiang, and Yunnan, with some flights experiencing price drops [4] - Despite some price reductions, overall flight prices for the holiday period remain higher than last year [4][6] Group 4 - Popular domestic routes are maintaining high prices as the holiday approaches, with specific routes like Shanghai to Kunming priced at 1,200 yuan and Beijing to Sanya at 2,698 yuan [5][6] - Airlines are dynamically adjusting ticket prices based on real-time sales and inventory, leading to some price drops before the holiday [4][6]

Investment Rating - The report maintains a "Positive" investment rating for the media and internet industry [4] Core Views - The report emphasizes the trend towards specialization and quality in group broadcasting, indicating a shift from reliance on individual charisma to systematic innovation for stable growth [6] - The gaming sector shows strong resilience and potential for new game contributions, with expectations for financial validation in Q3. The current gaming market is characterized by product performance-driven valuation recovery without significant bubbles [5] - The film and television sectors are expected to see steady growth driven by quality films and new policies aimed at enhancing content supply [7][39] - The internet sector is advised to rationally assess platform strategies in the context of reduced competition, with a focus on innovation rather than price wars [8] Summary by Sections Gaming Sector - Major companies like Tencent and NetEase are expected to continue performing well, with a focus on high-quality products and new game releases [5] - Recommendations include monitoring top gaming companies exploring AI integration and the potential for value reassessment based on product performance [5] Film and Television - The film "731" has achieved over 1 billion yuan in box office revenue, indicating a positive trend for the film market [6][41] - Upcoming films and series are expected to contribute to market growth, with a focus on quality production companies and cinema chains [6][7] - The report highlights new government initiatives aimed at enhancing television content supply and improving production efficiency [7] Internet Sector - The report suggests a shift in the internet sector towards stable growth through innovation, moving away from aggressive price competition [8] - Key players like Tencent and Alibaba are noted for their resilience and strategic adjustments in organizational structure [8] AI Applications - The report highlights the importance of AI applications in various sectors, including e-commerce and gaming, with a focus on revenue-generating applications [10] - Companies are encouraged to explore AI integration in their business models to enhance operational efficiency and market competitiveness [10] Card and Trendy Toys - The report notes a high level of interest in the card and trendy toy sectors, with companies expanding their product lines and market presence [9] National Publishing and Media - The report emphasizes the ongoing exploration of new business models by state-owned publishing companies, with a focus on mergers and acquisitions [11]

Short Selling Ratios - The top three companies with the highest short selling ratios are Sun Hung Kai Properties (80016) and China Resources Beer (80291) at 100.00%, and Li Ning (82331) at 96.79% [1][2] - Other notable companies include Lenovo Group (80992) at 92.85% and Anta Sports (82020) at 87.03% [2] Short Selling Amounts - Alibaba (09988) leads in short selling amount with HKD 4.096 billion, followed by Xiaomi (01810) at HKD 3.491 billion and Tencent (00700) at HKD 2.244 billion [1][2] - Other significant amounts include SMIC (00981) at HKD 1.248 billion and Pop Mart (09992) at HKD 1.064 billion [2] Deviation Values - The highest deviation values are seen in China COSCO Shipping International (00517) at 50.31%, followed by Bank of China Hong Kong (82388) at 42.42% and Grand Hotel (00045) at 39.95% [1][2] - Other companies with notable deviation values include Lenovo Group (80992) at 36.64% and China Resources Beer (80291) at 35.99% [2]

"为满足无人机夜间配送的安全需要，首先要解决无人机'看得见'的问题。我们近期重点升级了自研无 人机的导航定位能力。在夜晚，无人机可借助城市夜晚建筑灯光和路灯进行有效导航定位。即便光照亮 度弱于夜间应急照明的场景，无人机也能通过传感器的局部定位，在自主飞行过程中完成避障等动作， 并实现厘米级的精准降落。"美团无人机相关负责人表示。 凤凰网科技讯 9月28日，凤凰网科技获悉，美团无人机宣布在深圳多条航线上线夜间配送服务。众所周 知，夜间配送一直是即时零售行业的痛点场景：期间配送人员数量较白天会有明显减少，但需求数量没 有减少。据了解，美团无人机夜间配送服务将先在深圳的公园场景试点，首批覆盖范围包括人才公园、 海风运动公园等市民夜间游玩热点区域，每日20时结束运营。 ...