New Street Research - Alibaba Group Holding Ltd. Sponsored ADR (A117ME) ... China Internet Daily Weekend Edition (8-10 September 2018)

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New Street Research

EUR 1143.30 For Business Accounts Only

China Internet Daily Weekend Edition (8-10 September 2018)

China's largest travel-booking site Ctrip is in talks to invest in online restaurant discovery and food delivery platform Zomato as part of a financing round which could go up to USD 400 mln, two people close to the deal said.

10/09/2018 9 EN

Underlyings

Alibaba Group Holding Ltd. Sponsored ADR

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US01609W1027 Stuttgart Stock Exchange Cayman Islands

NetEase Inc. Sponsored ADR

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US64110W1027 Berlin Stock Exchange Germany

TENCENT

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Pan European Telecom Services and Cable

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Other Reports on these Companies

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NetEase (9999 HK) - 4Q25: Earnings Miss On Low Game Season; AI To Empower Game Production Efficiency

NetEase’s 4Q25 earnings came in below expectations. Revenue grew 3% yoy to Rmb27.5b, 5% below consensus estimates. Gross profit increased 8.7% yoy to Rmb17.7b, with gross margin rising 3ppt yoy to 64.2%. Non-GAAP operating profit grew 5% yoy to Rmb9.2b. Non-GAAP net profit plunged 27% yoy to Rmb7.1b, missing consensus estimate. Net margin shrank 10ppt yoy to 26% in 4Q25. Maintain BUY with a lower target price of HK$250.00 (US$154.00).

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Regional Morning Meeting Notes: Thursday, February 12, 2026

Greater China Economics | Inflation January headline CPI eased to 0.2% yoy (-0.6ppt mom), below consensus forecasts, mainly due to a high base from last year’s Chinese New Year with food inflation turning negative. Core CPI fell to 0.8% yoy as both goods and services inflation moderated. PPI deflation narrowed to -1.4% yoy (+0.5ppt mom), supported by improvements in processing and non-ferrous metals sub-components, although mining and consumer goods remained weak. Overall, base effects drove CPI softness, while upstream price pressures showed tentative PPI stabilisation. Company Results | Net...

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China Internet Daily Weekend Edition (8-10 September 2018)

NTES 4Q25 Results: Longer Deferred Rev Recognition Could Adversely Impact Gaming Rev Growth

NetEase (9999 HK) - 4Q25: Earnings Miss On Low Game Season; AI To Empower Game Production Efficiency

Regional Morning Meeting Notes: Thursday, February 12, 2026

Alphabet (Buy, $380 target) Gemini 3.1 Pro implications, including EPS risk for Google DeepMind expenses

Megacable (Buy, TP: MXN75, +14%) Q4 25: A touch slower but still strong; nice improvement in net leverage

Liberty LA (Buy, TP: $14.7, +74%) Thoughts after the call

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