UBP's Vey-Sern Ling on Alibaba, Tencent

The video discusses the market performance of major Chinese tech companies, highlighting the impact of tax adjustments and operating margins. It explores trends in the gaming and tech sectors, noting the recovery in China and the regulatory environment's normalization. The role of AI in advancing companies like Baidu, Alibaba, and Tencent is examined, with a focus on their strategic positioning. Finally, Alibaba's valuation and potential for growth through spinoffs and market re-rating are analyzed.

What factors contributed to the market's disappointment despite decent sales?

How did the effective tax rate in the first quarter compare to the norm?

What trends were observed in the gaming sector according to the discussion?

What is the outlook for the second quarter based on the results discussed?

What are the implications of the normalization of game license approvals?

What role does AI play in the growth strategies of companies like Baidu, Alibaba, and Tencent?

How do the executives view the valuation of Alibaba and its subsidiaries?