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Home » What is driving the rise in stock prices of China’s Internet giants?
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What is driving the rise in stock prices of China’s Internet giants?

i2wtcBy i2wtcMay 13, 2024No Comments3 Mins Read
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Morning Brief co-hosts Miles Udland and Sheena Smith focused on Chinese internet stocks, including Alibaba (BABA) and Tencent Music Entertainment Group (BABA), which are scheduled to report their fourth quarter results on Tuesday. TME), JD.com (JD).

For expert insights and the latest market trends, click here to watch the full episode of Morning Brief.

This post was written by angel smith

video transcript

Let’s look at Alibaba. Its shares are up this morning, and Alibaba is expected to be up about 3% before tomorrow’s opening bell.

We’ve seen something like that in the Chinese internet space as well.

Tencent Music was released this morning.

They’ve shown better user growth than analysts were expecting for the stock to rise 3%, which is a rebound from this kind of AI, and it’s actually really important when it comes to market risk sentiment. , the trade day is just around the corner, um, Chinese internet stocks. K Web, that’s that index whose ETF is up almost about 30% from his February lows.

In the past three months, it’s about 23%.

If you look at these stocks over the last month, there are some huge winners here.

Your Pinduo, the world’s duo 10 Cent, 10 Cent instead of Tencent Music.

That’s the stock.

Ad R increased 23% from last month.

Well, K Webs is up 15% over the last month and jd.com is up almost 30% over this period.

Oh, I don’t think there were that many people banging on the table for Chinese internet stocks.

But that’s fine, give me the basic case for AI. Maybe there is a concept. I mean, we’ve seen some chatter about aggressive regulation coming out of China.

But at the end of the day, when you look around and say that the market is taking away what it has sacrificed, it’s like we had a public utility last week.

Well, what should I buy and take my chances? You’ve probably seen Chinese internet stocks inch higher over the past three months.

that’s right.

So the question is, how much runway do we actually have left?

Considering many of the fundamentals, there are still many weaknesses in the picture.

Whether or not they’re just betting on some of the companies whose names have been dropped, a case could be made if you look at some of these businesses, especially Tenet Media. I was looking at analyst reactions, and they were pretty much across the board, the moat that this company has, especially within its industry, and it’s likely that some of that earnings momentum will continue into his 2024. I’m optimistic about that fact.

So whether it’s going to be some of these individual names that make the most sense right now, the rising tide will lift all boats and overwhelm the beaten down names that are clearly not participating; Will be investing in acquisitions still in the rally.

But I have a question.



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