Goldman Sachs focuses on Chinese internet stocks: Tencent, Alibaba, Pinduoduo, Meituan, and JD.com
2026-11-10 14:42:19
According to CoinMeta, before the release of third-quarter financial reports by Chinese internet companies, Goldman Sachs expressed a greater optimism regarding the gaming and entertainment sectors. It also noted that the expansion of cloud computing and AI business, as well as the improvement in profitability of internet platforms, would present investment opportunities. Goldman Sachs expects Tencent's gaming and advertising revenues to grow by 8% and 19% year-on-year in the third quarter, with the cloud business seeing accelerated growth, and maintains a target price of HK$650. Regarding Alibaba, it is anticipated that cloud business revenue will increase by 53%, with profit margins improving to 12.5%, and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) growing by 238% year-on-year to RMB31 billion. Pinduoduo is viewed positively for its ample net cash and strong free cash flow, with attention paid to improvements in advertising monetization efficiency and return on investment. Meituan is expected to see its adjusted operating profit grow by 104% year-on-year to RMB700 million in the third quarter, driven mainly by growth in its food delivery, in-store, hotel, and tourism businesses. JD.com is projected to see its net profit increase by 39% year-on-year to RMB8 billion, with improved free cash flow expected to support shareholder returns.
Source:Internet
This content is for market information only and does not constitute investment advice.
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