CICC released a research report saying that the current valuation of the music sector is at a historically low level, and the market is concerned about the slowdown in performance growth and the intensification of competition in the industry. The bank believes that competition in the domestic music industry is moving towards a new stage of panoramic traffic and comprehensive industrial value mining. As AI technology restructures value distribution in the industrial chain, the industry may begin a new business cycle. In this context, the bank believes that the long-term industrial value of current leading platforms may be undervalued.

CICC released a research report saying that the current valuation of the music sector is at a historically low level, and the market is concerned about the slowdown in performance growth and the intensification of competition in the industry. The bank believes that competition in the domestic music industry is moving towards a new stage of panoramic traffic and comprehensive industrial value mining. As AI technology restructures value distribution in the industrial chain, the industry may begin a new business cycle. In this context, the bank believes that the long-term industrial value of current leading platforms may be undervalued.