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On November 16th, NetEase released its Q3 earnings report. On the same day, J.P. Morgan issued a commentary on NetEase's Q3 earnings report, stating that the company had performed strongly in the third quarter with profits exceeding expectations, mainly due to the expansion of online game profits.
1. Valuation
Stock Rating: Overweight
Closing price (at the time of the...

Key Takeaways：
1. Baidu Core delivered strong Q3 results despite challenges in the macro climate, with a focus on generative AI and foundation models like ERNIE and ERNIE Bot to transform product usage and business operations for users and customers. Baidu's mobile ecosystem continues to exhibit steady growth, while online marketing revenue has increased by 5% YoY.
2. Although AI cloud revenues declined by 2%, Baidu r...

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On November 14th, Tencent Music(TME) released its Q3 financial report. On November 15th, CMB International released a commentary on Tencent Music's Q3 financial report, stating that the company's performance in the third quarter met expectations, and that music subscription revenue growth was strong.  
1. Valuation
Stock rating: BUY
Closing price ...

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On November 21st, Baidu released its Q3 earnings report. On November 22nd, JPMorgan released its analysis of the report, stating that Baidu's profitability remained strong and that it was able to rapidly monetize the use of artificial intelligence (AI) in consumer, advertising, and enterprise markets.
I. Valuation
Stock rating: Overweight
Closing price on the day of the f...

Nvidia shares moved down 1% in extended trading on Tuesday after the chipmaker reported fiscal third-quarter results that surpassed Wall Street’s predictions. But the company called for a negative impact in the next quarter because of export restrictions affecting sales to organizations in China and other countries.
“We expect that our sales to these destinations will decline sig...

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How did "Black Friday" perform this year?
According to a report from Adobe Analytics, online shopping during this year's Black Friday increased by 7.5% YoY, reaching a new high of $9.8 billion, which is better than Adobe's October prediction of $9.6 billion (up 5.7% YoY).
However, according to another report from Mastercard,  the sales growth rate of this year's Black Friday increase...

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On November 21st, Kuaishou released its Q3 financial report. On November 22nd, CMB International issued a commentary on Kuaishou's Q3 financial report, stating that Kuaishou performed strongly in Q3 and is expected to continue growing in Q4. The e-commerce potential is great and advertising revenue growth is higher than the industry average.
1. Valua...

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On November 20th, Xiaomi's Q3 performance was strong, benefiting from the increase in gross profit margin and year-on-year revenue growth in all product departments (mainly smartphones). JPM released a financial report on November 21st, maintaining its buy rating and stating that Xiaomi's focus will shift to premium smartphones and electric vehicles....

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Kuaishou Technology released its Q3 2023 earnings report on November 21th.
Key Takeaways：
1. Kuaishou reported a robust financial performance in Q3 2023, with group-level net profit increasing quarter-over-quarter to RMB2.18 billion and adjusted net profit of RMB3.17 billion, attributed to consistent growth across core businesses and financial management efforts. The com...

On November 29th, Bilibili will release its Q3 2023 financial report. On November 2nd, China Merchants Securities released a preview of Bilibili's Q3 2023 financial report, stating that the revenue is expected to remain unchanged and the advertising business performs strongly.
1. Valuation
Stock Rating: Increase Holdings
Closing price (at the time ...