Real Estate, Financials May 18, 2022 08:44 AM (GMT+8) · EqualOcean
CITIC Securities said that on May 17, the CPPCC National Committee held a special consultation on digital economy, which once again released a positive signal of "supporting the sustainable and healthy development of platform economy and private economy". In the current market environment, considering the macro pressure and liquidity discount, leading companies such as Alibaba and Tencent holdings have reached 4% and 2% of the valuation quantile in recent five years. Even considering that the investment logic of the Internet has changed, Chinese Internet companies still have comparative advantages in the international competition of the next generation cloud computing and AI driven digital economy. When the market sentiment is pessimistic, we return to the fundamentals and discuss the possible growth and risks of Chinese Internet companies in the next 1-2 years. From the time dimension of the next 1-2 years, it is still possible for Chinese Internet companies to achieve relatively stable returns on investment. We propose to focus on leading Internet companies with strong competitive advantage and new business and new market development.
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