Citibank's report states that the profit growth rate of mainland internet stocks in the second quarter of this year is higher than the revenue growth rate, and it is believed that this quarter's revenue may be lower than expected, due to macro challenges and companies actively reducing subsidies to focus on higher quality returns. This in turn supports more companies to achieve stronger profit growth. Several companies accelerated their repurchase significantly in the second quarter, which helps to reassure investors of management's commitment and support confidence in future growth prospects. The bank points out that in the second half of this year, Tencent is still its top choice among Chinese internet stocks, and is also bullish about Meituan and Ctrip's related service business; the bank is also bullish about Manbang's growth potential, and regards Tencent Music as an attractive defensive investment in light of its recent stock price adjustment.