Nomura's Head of China Internet and Media Industry Research, Shi Jialong, expressed optimism about Alibaba's (09988.HK) artificial intelligence development trend. As for Meituan (03690.HK), it will continue to face market competition, coupled with its overseas expansion efforts showing no signs of slowing down. It is believed that the company’s short-term profitability will be pressured. However, if its overseas expansion can replicate the success experienced in Hong Kong, overseas operations are expected to become a future growth driver for the company.
Nomura's China Technology and Telecommunications Analyst, Duan Bing, noted that Chinese enterprises are accelerating technological innovation in artificial intelligence. Relevant application software can attract more users and use cases, thereby assisting companies in expanding their businesses.
Duan Bing believes that the mainland government is determined to establish a self-sufficient domestic artificial intelligence supply chain. However, AI chips remain one of the key bottlenecks. Nevertheless, he believes the government will continue to push forward and may assist Chinese AI chip companies or domestic AI firms in developing technology.
Nomura's China New Energy Analyst, Zhang Kang, mentioned that as subsidies for purchasing electric vehicles are being reduced, the market is expected to face pressure. On the other hand, the penetration rate of commercial electric vehicles continues to rise, and this trend is expected to persist into next year, which will help boost demand for related batteries.
