摩根大通：中国互联网-市场反馈：更关注宏观因素而非人工智能

更多资料加入知识星球：水木调研纪要 关注公众号：水木纪要 Asia Pacific Equity Research 03 March 2025 China Internet We met around 40 investors in North America last week, and received quite different feedback vs the feedback we got in Asia: 1) investors in North America are focused on the China macro outlook and the industry competitive landscape, but are less convinced about the potential from AI, especially its sustainability as a share price driver. This is the opposite to the focus of investors in Asia; 2) investors we met generall ...