Goldman Sachs issued a report stating that TENCENT, Meituan, and PDD Holdings will announce their earnings this week, expecting stable performance in the fourth quarter of last year due to strong trends in Commodity and service Consumption. The report predicts that TENCENT, Meituan, and PDD Holdings will see year-on-year revenue growth of 8%, 19%, and 24% respectively, with adjusted group EBIT growing year-on-year by 22%, 405%, and 11%. These data suggest a strong finish for last year, but investor focus may shift to management's outlook for this year, particularly how their comments might influence the direction of earnings per share revisions. The three main themes of concern for investors include AI-related capital expenditures, competition in the e-commerce and physical store markets, globalization investment strategies, and changes in trade policies.