解读中国互联网：业绩季后该如何操作及核心关注点、讨论点；亚洲领袖会议要点-Navigating China Internet_ What to do from here & key focuses_debates post-results season; ALC takeaways

8 September 2025 | 10:20PM HKT Navigating China Internet What to do from here & key focuses/debates post-results season; ALC takeaways China Internet companies reported mostly healthy 2Q top line/profits (excluding transaction platforms at +14%/+10% yoy, see Exhibit 9), where acceleration in AI cloud hyperscaler revenue growth/capex beat, Tencent's fintech business inflection and Alibaba's commitment to improve quick commerce unit economics over the next few months (implying peaking of losses in Jul-Aug) we ...