传媒互联网行业周报：看好互联网长逻辑，关注教育

Investment Rating - The industry investment rating is "Positive" (maintained) for the media industry in China [4]. Core Viewpoints - The report maintains a positive outlook on the long-term logic of the internet sector, particularly focusing on the upcoming earnings season for internet companies. It suggests a stock selection strategy that includes low-priced Alibaba, Tencent, Pinduoduo, Meituan, and Bilibili, among others, based on their profitability and shareholder returns [1][3]. - The report highlights the recent government policy aimed at promoting high-quality service consumption, which includes enhancing the quality of online literature, performances, games, and digital consumption sectors like e-sports and live commerce [1][2]. - The report notes the strong performance of several gaming products from Tencent, Bilibili, and other companies during the summer release period, indicating a positive trend in the gaming sector [1]. Summary by Sections Media Industry - The report emphasizes the importance of the internet long-term logic and suggests focusing on companies like Alibaba, Tencent, and Pinduoduo for potential growth [1][3]. - It mentions the government's recent policy to stimulate service consumption, particularly in cultural and entertainment sectors, which could benefit the media industry [2]. Investment Recommendations - Recommended stocks include Tencent Holdings, Bilibili, NetEase, and various companies in the education sector such as New Oriental and TAL Education. The report also suggests e-commerce companies like Kuaishou, JD Group, Meituan, Alibaba, and Pinduoduo [3][7]. - The report provides a detailed list of companies across different segments, including entertainment, publishing, education, and e-commerce, indicating a broad range of investment opportunities [3][7].