China Merchants Securities released a report listing the investment ratings and target prices of Chinese network technology stocks:

Stocks│Investment Rating│Target Price│Estimated Next Year PE

Platform-based

Tencent (00700.HK)│Shareholding│HKD474│13.1 times

Alibaba (BABA.US)│Shareholding│$126│9.6 times

Meituan (03690.HK)│Shareholding│HKD157│14.2 times

E-commerce

PDD Holdings (PDD.US)│Shareholding│163 USD│6.5x

Alibaba (BABA.US)│Shareholding│$126│9.6 times

Meituan (03690.HK)│Shareholding│HKD157│14.2 times

JD.com (JD.US)│Shareholding│$42│6.4 times

Vipshop (VIPS.US)│Neutral│$12│3.3 times

LeXiang Interactive (06988.HK)│Shareholding│HKD2.2│1.9 times

Cloud computing

Tencent (00700.HK)│Shareholding│HKD474│13.1 times

Alibaba (BABA.US)│Shareholding│$126│9.6 times

Kingsoft (03888.HK) │ Shareholding │ HK$38 │ 17.3 times PE

China Soft International (00354.HK) │ Shareholding │ HK$7.4 │ 4.1 times PE

BOSS Zhipin (BZ.US) │ Shareholding │ $24 │ 12.1 times PE