Citic Construction Investment Research News pointed out that for Internet companies, the early pressure is gradually stabilizing, predictability is increasing, in which the policy is stable, and with the macro and epidemic recovery, fundamentals will also usher in repair. At the current time, re-examining the strategic investment direction of Internet enterprises will help to reevaluate the investment value of Internet enterprises, and the strategic investment of Internet companies can support the medium-and long-term development. specifically reflected in: 1) can strengthen the main business advantages to consolidate the company's moat; 2) based on the main business to make use of the company's traditional advantages for horizontal and vertical expansion. 3) stimulate new strategic imagination, explore the second growth curve, and turn it into corporate upward options.