Goldman Sachs released a research report continuing to list cloud and data centers as its preferred sub-sector, following recent results announcement and its China internet industry field trip, primarily driven by growth in enterprises and AI agents, as well as the popularization of consumer-side AI assistants, which continue to fuel expansion in demand for AI tokens, alongside improving pricing power for cloud services and tokens. Core investment targets include GDS-SW (09698.HK) -0.240 (-0.583%) Short selling $6.61M; Ratio 20.727% , VNET Group (VNET.US) , BABA-W (09988.HK) -2.300 (-1.833%) Short selling $707.53M; Ratio 22.406% and KINGSOFT CLOUD (03896.HK) +0.420 (+5.296%) Short selling $17.34M; Ratio 3.406% .Related NewsBofAS Chops BABA-W (09988.HK) TP to $168 w/ Rating BuyThe broker lifted e-commerce and mobility to its second preferred sub-sector, with core investment targets being PDD Holdings (PDD.US) and Full Truck Alliance (YMM.US on its attractive valuation and improved 1Q26 trend. Game and entertainment ranked as its third preferred sub-sector, with core investment targets being TENCENT (00700.HK) -14.500 (-2.874%) Short selling $514.41M; Ratio 9.165% and BILIBILI-W (09626.HK) +2.500 (+1.358%) Short selling $21.79M; Ratio 9.976% , supported by further shifts in user time spent toward entertainment and solid growth in advertising revenue.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-13 12:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)
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