Citi said that the valuation of China's Internet sector is still attractive, and reiterated that Tencent, Alibaba, Meituan, Pinduoduo, and Manbang Group are the preferred stocks. With the resilience of core business profits and a healthy balance sheet, it is believed that leading Chinese Internet companies can cope with recent market fluctuations and seize long-term value in an evolving super-smart cycle.

Citi said that the valuation of China's Internet sector is still attractive, and reiterated that Tencent, Alibaba, Meituan, Pinduoduo, and Manbang Group are the preferred stocks. With the resilience of core business profits and a healthy balance sheet, it is believed that leading Chinese Internet companies can cope with recent market fluctuations and seize long-term value in an evolving super-smart cycle.