In a review of the Internet industry's year-to-date performance and first-quarter results, China Bank reported that the Internet segment, driven by improved sentiment and short-term capital inflows, rebounded after a faster rise, in line with the Bank's earlier expectations. From the perspective of year-over-year stock options, with bearish trading not yet trending and liquidity still biased, we recommend choosing stocks around three main lines: firstly, companies with the ability to raise or maintain shareholder returns to attractive levels. Key support comes from fundamental quality (strong business competitive advantage, main business WITH STABLE GROWTH AND STABLE PROFITABILITY) AND A DESIRE TO IMPROVE SHAREHOLDER RETURNS, IT IS RECOMMENDED TO FOCUS ON ALIBABA (BABA.US), TENCENT (00700.HK), NETEASY (NTES.US) AND OTHERS ALONG THESE LINES.

NEXT IS THE LARGE POTENTIAL VOLUME OF NEW BUSINESS, BUSINESS EXPLORATION IS EXPECTED TO BRING SIGNIFICANT CAPITAL GAINS IN THE LONG TERM. THE CURRENT EXPLORATION DIRECTION OF NEW BUSINESS IS MAINLY FOCUSED ON OFFSHORE AND AI. ALONG THIS LINE, WE RECOMMEND FOCUSING ON PDD.US, TENCENT, ALIBABA, CARRIAGE (TCOM.US), ETC. Third, growth at reasonable price (GARP), the market will continue to give valuations to companies with solid profit growth space for their main business. The bottom line is to focus on Tencent Music (TME.US), Carry On, and Merit (03690.HK).