Group 1 - Anta Sports (82020), Li Ning (82331), and JD Health (86618) have the highest short-selling ratios at 100.00% each [1][2] - BYD Company (01211), Meituan (03690), and Xiaomi Group (01810) lead in short-selling amounts, with 1.896 billion, 1.439 billion, and 0.965 billion respectively [1][2] - Li Ning (82331), Shangmei Group (02145), and Bank of China Hong Kong (82388) have the highest deviation values at 37.55%, 31.60%, and 30.16% respectively [1][2] Group 2 - The top short-selling ratio rankings include Anta Sports (82020) at 100.00%, Li Ning (82331) at 100.00%, and JD Health (86618) at 100.00% [2] - The top short-selling amounts are led by BYD Company (01211) at 1.896 billion, Meituan (03690) at 1.439 billion, and Xiaomi Group (01810) at 0.965 billion [2] - The top deviation values are led by Li Ning (82331) at 37.55%, Shangmei Group (02145) at 31.60%, and Bank of China Hong Kong (82388) at 30.16% [2]

Group 1 - BlackRock increased its stake in Meituan-W (03690) by 1.21284 million shares at a price of HKD 97.6492 per share, totaling approximately HKD 118 million [1][3] - After the increase, BlackRock's total shareholding in Meituan-W reached approximately 332 million shares, representing a stake of 6.00% [1][3]

Market Overview - The Hang Seng Index (HSI) closed at 26,954.92, up by 179.35 points or 0.67% as of February 2, 16:00 Eastern Time [1] - The index reached a high of 27,021.10 and a low of 26,800.30 during the trading session, with a trading volume of 40.725 million shares [1] Major Blue-Chip Stocks Performance - HSBC Holdings closed at HKD 139.961, increasing by 3.91% compared to the Hong Kong close [2] - Tencent Holdings closed at HKD 595.694, down by 0.47% compared to the Hong Kong close [2] Stock Price Movements - Tencent Holdings: Latest price HKD 598.500, down by HKD 7.500 or 1.24% [3] - Alibaba Group: Latest price HKD 163.300, down by HKD 5.900 or 3.49% [3] - HSBC Holdings: Latest price HKD 134.700, down by HKD 1.900 or 1.39% [3] - AIA Group: Latest price HKD 89.050, down by HKD 1.300 or 1.44% [3] - Meituan: Latest price HKD 94.850, down by HKD 2.350 or 2.42% [3] - BYD Company: Latest price HKD 91.000, down by HKD 6.750 or 6.91% [3] - Kuaishou Technology: Latest price HKD 77.000, down by HKD 3.150 or 3.93% [3]

Core Viewpoint - BlackRock, Inc. has increased its stake in Meituan-W (03690.HK) to 6.00% by purchasing 1.21284 million shares at an average price of HKD 97.6492 per share, totaling approximately HKD 118 million [1]. Group 1 - BlackRock, Inc. acquired 1,212,840 shares of Meituan-W on January 28, 2026 [1]. - The average purchase price per share was HKD 97.6492 [1]. - Following this transaction, BlackRock's total holdings in Meituan-W increased to 332,012,992 shares [1]. Group 2 - The stake percentage held by BlackRock, Inc. rose from 5.98% to 6.00% after the acquisition [1]. - The total investment made by BlackRock in this transaction was approximately HKD 118 million [1].

Group 1 - BlackRock increased its stake in Meituan-W (03690) by 1.21284 million shares at a price of HKD 97.6492 per share, totaling approximately HKD 118 million [1] - Following the increase, BlackRock's total shareholding in Meituan-W is approximately 332 million shares, representing a stake of 6.00% [1]

Group 1 - BlackRock increased its stake in Meituan-W (03690) by 1.21284 million shares at a price of HKD 97.6492 per share, totaling approximately HKD 118 million [1] - Following the increase, BlackRock's total shareholding in Meituan-W is approximately 332 million shares, representing a stake of 6.00% [1]

Group 1 - BlackRock, the world's largest asset management company, increased its long position in Meituan-W from 5.98% to 6%, reaching the disclosure threshold set by the Hong Kong Stock Exchange [1] - This marks the second increase in BlackRock's holdings in Meituan within the last three months, with the previous increase occurring at the end of November 2025, where the holding ratio rose from 5.63% to 5.98% [1] - The current holding is just 4 percentage points away from the threshold for a mandatory disclosure in the Hong Kong stock market [1]

Group 1 - BlackRock's long position in Meituan-W increased from 5.98% to 6.0% as of January 28, 2026 [1]

Core Insights - Aixin Yuanzhi, a Chinese edge AI chip unicorn, is set to launch its global IPO on February 10, 2024, on the Hong Kong Stock Exchange, offering approximately 105 million H-shares [1][3] - The company specializes in AI inference system chips (SoC) for edge computing and terminal devices, positioning itself as a key player in the "edge brain" sector of the physical AI wave [1][4] Company Overview - Founded in 2019, Aixin Yuanzhi ranks among the top five global suppliers of visual edge AI inference chips, with an estimated shipment of 9.12 million chips in 2024, capturing a market share of approximately 6.8% [3][11] - In the mid-to-high-end visual edge AI inference chip segment, the company holds a leading market share of 24.1% [3][11] - Major shareholders include Meituan's Beijing Kuxun Technology, Tencent, Lenovo Star, and the founder of Haowei Group, Yu Renrong [3] Technology and Product Development - Aixin Yuanzhi's core computing unit, the Aixin Tongyuan hybrid precision NPU, is designed to support mainstream visual and multimodal model architectures, achieving higher energy efficiency compared to general-purpose GPUs [6][7] - The company has developed five generations of SoCs, with cumulative deliveries exceeding 165 million units by September 30, 2025, indicating a successful transition from concept validation to mass production [9][11] - The product matrix includes various SoCs for visual perception, smart vehicles, and edge AI inference applications, with commercialized products like the AX520 series and M55H already in the market [8][16] Market Trends and Future Outlook - The AI industry is shifting focus from cloud-based AI to physical AI, emphasizing real-time performance, reliability, and environmental adaptability [4][17] - Aixin Yuanzhi's technology and production experience position it well to meet the growing demand for efficient and stable edge computing solutions, particularly in smart automotive applications [16][17] - The company is exploring edge computing solutions and adapting large models for deployment at the edge, further enhancing its competitive edge in the market [16]

Group 1 - Meituan Waimai has launched a "one-shot" video verification feature for new merchants, requiring them to upload unedited videos showcasing their storefront, operating environment, kitchen conditions, and qualifications [1] - The feature is currently being piloted in eight cities and will be gradually rolled out nationwide to enhance the verification of merchant authenticity [1] - Non-compliance with the video upload requirements will result in penalties from the platform, addressing issues related to "ghost restaurants" and ensuring food safety [1] Group 2 - Over 80% of merchants have rectified discrepancies between their video submissions and business licenses after being notified, indicating a proactive response to compliance [2] - Meituan Waimai is implementing a multi-layered food safety defense system, including enhanced qualification reviews, AI inspections, and a public disclosure mechanism for non-compliant merchants [2] - The key to addressing food safety issues lies in merchants' willingness to operate transparently and provide verifiable information about their operations [2] Group 3 - Meituan Waimai is also testing the "Assured Window" initiative, which encourages merchants to upload various food safety-related materials for public display [3] - Nearly 2 million merchants on the platform have adopted the "dine-in" label, enhancing consumer trust through visible food safety practices [3] - Consumers can view real-time updates on food safety through features like "Food Safety Diary" and kitchen live streams, increasing their confidence in ordering takeout [3]