Global Internet Valuations Comp Sheet, 6_1_2025. Mon Jan 06 2025

Summary of Key Points from the Conference Call Industry or Company Involved - The document primarily discusses the global internet valuations, with a specific focus on Alibaba Group Holdings Ltd and Ant Group Co., Ltd [2][2]. Core Points and Arguments - The material is not intended as a recommendation or solicitation for the purchase or sale of any security or financial instrument, emphasizing that it is for informational purposes only [2][2]. - Opinions and estimates provided are subject to change without notice, indicating a dynamic market environment [2][2]. - Past performance is not indicative of future results, highlighting the inherent risks in investment decisions [2][2]. - The document clarifies that any updates regarding Alibaba's valuation do not consider information related to Ant Group, suggesting a separation in analysis between the two entities [2][2]. Other Important but Possibly Overlooked Content - Recipients are advised to make independent decisions regarding any securities mentioned, underscoring the importance of personal due diligence [2][2]. - The document includes a strict prohibition against using or sharing J.P. Morgan research material in third-party AI systems, indicating a focus on data confidentiality and security [2][2]. - The document is intended for the exclusive use of specific clients, which may limit the general applicability of the information provided [3][3].