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Nomura Positive About BABA-W's AI Trend; MEITUAN-W's Overseas Biz May Become Future Growth Engine
Recommend 41 Positive 71 Negative 19 |
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Shi Jialong, Nomura's Head of China Internet and Media Research, expressed optimism about BABA-W (09988.HK)'s AI development trend. As for MEITUAN-W (03690.HK), given that it will continue to face market competition and its overseas expansion pace has not slowed down, Shi believes its short-term profits will be under pressure. If MEITUAN-W's overseas expansion can replicate Hong Kong's successful experience, however, Shi anticipates its overseas business to become its future growth engine. Duan Bing, Nomura's Analyst of China Technology Research, also noted that Chinese companies are accelerating technological innovation in AI. Related application software can attract more users and application scenarios, assisting companies in business development. Regarding the reduction in electric vehicle (EV) purchase subsidies, Ethan Zhang, Nomura's Analyst of China New Energy, estimated that it would heap pressure on the market. Meanwhile, the penetration rate of commercial EVs is expected to keep rising in 2026, which will help boost related battery demand. AAStocks Financial News |
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