Bank of China International: Tencent, Alibaba, NetEase, and Tencent Music are the preferred choices for Chinese technology stocks in the medium to long term.

Bank of China International released a research report, stating that AI, macroeconomic recovery, competitive landscape, regulatory environment, shareholder return execution, and Sino-US tension will be the six key factors affecting the financials and valuations of Chinese internet-listed companies in the next 6 to 12 months. Bank of China International ranks the sub-sectors of mainland internet companies as cloud computing > online music, online games, and online advertising > e-commerce > others. Tencent, Alibaba, NetEase, and Tencent Music are still the bank's top long-term choices, while Bilibili and Baidu are the bank's preferred short-term stocks.