UBS: The most favored e-commerce in mainland China is Alibaba, with Tencent Holdings as the top internet choice
UBS released a research report stating that among e-commerce companies, it is most optimistic about Alibaba (09988), believing that the easing of competition in fast e-commerce and the recovery of H20 chip supply may lead investors to refocus on its AI initiatives. If executed successfully, UBS expects Alibaba's operations to achieve significant value (for example, the International Digital Commerce Group (AIDC), internal synergies within the TTG Group, Ant Group, and AI plans). UBS is also optimistic about PDD, believing that its domestic growth is robust, and the comparison base for the second half of the year is relatively low (as merchants reported starting in August 2024), with investors holding light positions. For JD.com (09618), investors may closely monitor its investment scale in the food delivery sector. In the Chinese internet industry, UBS's top pick remains Tencent (00700)
According to the Zhitong Finance APP, UBS released a research report stating that among e-commerce companies, Alibaba (09988, BABA.US) is the most favored. They believe that the easing of competition in fast e-commerce and the recovery of H20 chip supply may lead investors to refocus on its AI initiatives. If executed successfully, UBS expects Alibaba's operations to achieve significant value (for example, the International Digital Commerce Group (AIDC), internal synergies of the TTG Group, Ant Group, and AI plans).
UBS is also optimistic about PDD (PDD.US), believing that its domestic growth is robust, and the comparison base for the second half of the year is relatively low (as merchants reported starting from August 2024), with investors holding light positions. For JD.com (JD.US, 09618), investors may closely monitor its investment scale in the food delivery sector. In the Chinese internet industry, UBS's top pick remains Tencent (00700, TCEHY.US)
