中国长期多头BG：消费才是中国科技巨头的关键，而不是关税

Group 1 - Baillie Gifford believes that the prospects of Chinese tech giants now depend more on domestic consumer sentiment than on tariff policies [1] - Tim Campbell, CEO of Baillie Gifford, stated that the actual condition of Chinese consumers is more important than the trade agreements with the U.S. [1] - Data shows that Meituan is one of Baillie Gifford's largest holdings in China, and it has demonstrated strong growth in the domestic market [1] Group 2 - Despite Meituan's stock price increasing by 85% last year, it has dropped by 21% this year due to price wars in the food delivery sector [1] - Campbell believes that companies like Meituan will continue to thrive in the near future due to their strong market position [1] - On a global scale, Baillie Gifford is betting on adaptable companies such as Amazon and Coupang, expecting them to become stronger after potential economic impacts from tariff policies [3] Group 3 - Baillie Gifford's Long-Term Global Growth Fund achieved a return of 23% over the past year, outperforming 95% of its peers, while the S&P 500 index rose only by 13% during the same period [3]