Citi: Valuations of China's internet sector remain attractive.

Citi says the valuation of China's internet sector remains attractive, reiterating Tencent, Alibaba, Meituan, Pinduoduo and Full Truck Alliance as top picks. With the resilience of core business profitability and healthy balance sheets, it believes Chinese internet leaders can navigate recent market volatility and capture long-term value in the evolving superintelligence cycle.