高盛-中国互联网-提高电商评级空间，我们的想法
高盛证券·2024-10-07 16:08
30 September 2024 | 1:20AM HKT For the exclusive use of ACCOUNTS@KARUNADUCABS.COM 2131d4eaf4cb4d50b1d51c8af07b64b4 Navigating China Internet Lifting eCommerce on room for further re-rating; refreshing mega-cap TPs and our top ideas We lift our preference for eCommerce to within our top-two most-preferred sub-sectors alongside games (Tencent, on CL) within China Internet on the back of stronger-than-expected government pro-growth/easing policies, signs of a normalizing eCommerce market landscape where incumb ...