According to the research report released by Credit Suisse, Alibaba (BABA.US) has not provided the latest news of the 618 event as of June 20th, but experts believe that the event performed strongly in key indicators such as GMV growth, repeat purchase rate, and 88VIP customers, and is better than expected.

The bank believes that in terms of shelf e-commerce business, Alibaba has competitive advantages over its peers in product selection, data insights, and other areas. As for advertising, experts believe that under macro uncertainty, the increasing number of advertisements and the willingness of merchants to carry out marketing activities are on the rise.

Credit Suisse mentioned that PDD Holdings (PDD.US)'s momentum is in line with expectations, and its value chain construction is good. It is believed that the group's GMV growth momentum in the second half of the year is still strong.