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Top related persons:
Goldman Sachs - 7 Ronald Keung - 6 Goldman - 2 Tencent - 2 James Yang - 1 Bain - 1 Joe Tsai - 1 Emily Tan - 1
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PDD Holdings - 2 Bain and Company - 1 Goldman - 1 UBS - 1 JPMorgan China - 1 ByteDance - 1 Hong - 1 Alibaba - 1

Search resuls for: "Ronald Keung"


13 mentions found


☆ China’s growing e-commerce market is creating a new set of winners
  + stars: | 2024-06-02 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: +6 min
"Improving domestic ecommerce market share should lead to better monetization eventually," Yao said. The investment firm expects Douyin to match PDD's market share of 21% next year, and surpass it by reaching 22% in 2026. Tencent's WeChat Video Account platform is expected to retain about 2% to 3% of GMV market share through 2026, the Goldman analysis said. The video streaming platform last month reported e-commerce GMV grew by 28.2% year-on-year in the first quarter to 288.1 billion yuan ($40,55 billion). The firm forecasts Kuaishou's e-commerce GMV revenue will grow by 25% this year, although livestreaming revenue — which has accounted for about a third of total revenue — is expected to drop due to a high base.
Persons: James Yang, Bain, Joe Tsai, Emily Tan, Yang, Alibaba, Goldman Sachs, Ronald Keung, David Ma, China's, Morgan Stanley, Eddy Wang, Kenneth Fong, JD, David Beckham, Alex Yao, monetization, Yao, Tmall's GMV, Douyin, Alibaba's, Tencent's, Goldman, Sophie Huang, — CNBC's Michael Bloom Organizations: Bain and Company, PDD Holdings, Goldman, UBS, JPMorgan China, ByteDance, Hong Locations: China, Hong Kong, Asia, U.S, Alibaba, 2Q24, 2Q24E
☆ How Temu parent PDD dethroned Alibaba to become China's most valuable e-commerce company
  + stars: | 2024-05-29 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com   time to read: +2 min
PDD's value-for-money positioning and growth of its Temu marketplace has helped the company lead China's e-commerce arena, analysts said, making it the country's most valuable company in the segment. PDD Holdings reported stellar first-quarter results on Wednesday last week, sending its shares surging as much as 7.5%, and driving its market-cap past that of rival Alibaba Group . PDD shares have more than doubled in value — up 109% — in the past year, according to LSEG data. PDD, which also owns Chinese discount shopping app Pinduoduo has a market-cap of about $208 billion, compared with Alibaba's $196 billion, according to LSEG data. The market has "now more than priced in" the two key concerns – domestic competition and U.S.-China tensions – which were behind our earlier downgrade on PDD in March, said Keung.
Persons: Morningstar, Chelsey Tam, PDD, Goldman Sachs, Temu, Ronald Keung Organizations: PDD Holdings, Alibaba, Morningstar Locations: China
☆ Goldman Sachs discusses its divergent expectations for Tencent and Alibaba earnings
  + stars: | 2024-05-13 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGoldman Sachs discusses its divergent expectations for Tencent and Alibaba earningsRonald Keung, head of Asia internet research at Goldman Sachs, says it forecasts 20% earnings growth for Tencent but a mid to high single-digit decline in earnings for Alibaba.
Persons: Goldman Sachs, Ronald Keung Locations: Asia
☆ Tone of regulations will probably be supportive of 'healthy' internet platform development: Goldman
  + stars: | 2024-01-26 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTone of regulations will probably be supportive of 'healthy' internet platform development: GoldmanRonald Keung, head of Asia internet research at Goldman Sachs, says the investment bank holds "a relatively more constructive view on the normalization of domestic regulations."
Persons: Goldman Ronald Keung, Goldman Sachs Locations: Asia
☆ Goldman Sachs discusses the key themes for e-commerce in 2024
  + stars: | 2023-11-24 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGoldman Sachs discusses the key themes for e-commerce in 2024Ronald Keung, head of Asia internet research at Goldman Sachs, says it expects the "value-for-money trend" to continue.
Persons: Goldman Sachs, Ronald Keung Locations: Asia
☆ China generative A.I.: Goldman Sachs says business-to-business side is the biggest revenue driver
  + stars: | 2023-08-11 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina generative A.I. : Goldman Sachs says business-to-business side is the biggest revenue driverRonald Keung of the investment bank discusses how China's internet giants — Baidu, Alibaba, and Tencent — are faring when it comes to the "three layers" of generative artificial intelligence.
Persons: Goldman Sachs, Ronald Keung, Tencent Organizations: — Baidu
☆ Goldman Sachs shares its top stock picks for China A.I. — and 2 are on its conviction list
  + stars: | 2023-07-20 | by ( Lucy Handley | ) www.cnbc.com   time to read: +1 min
In two research notes dated July 16, Goldman gave an overview of opportunities and risks created by generative AI and picked the stocks likely to benefit. In its base case scenario, the bank said, it expects generative AI to add 151 billion yuan ($21 billion) to the cloud computing market in China by 2027. "We see Alibaba as one of the best value stock proxies to enjoy the advertising recovery, fintech … and cloud structural growth," the analysts said. The bank described it as a "key AI beneficiary given its multi-year investments as an AI leader in China." We continue to see Tencent as a key advertising recovery proxy helped by Video Accounts and broader WeChat ad recovery."
Persons: Goldman Sachs, Goldman, Ronald Keung, fintech, chatbot Ernie, Tencent, Michael Bloom Organizations: Baidu, China Internet, Video Locations: China
☆ Wall Street is bullish on Chinese tech firms, even as recovery is uneven
  + stars: | 2023-05-22 | by ( Sheila Chiang | ) www.cnbc.com   time to read: +2 min
Consumers enjoy themselves at Nanjing Road Pedestrian Street, the busiest commercial tourist landmark in Shanghai, China, May 5, 2023. Analysts are bullish on Chinese big tech firms even though recovery looks uneven across companies and their latest earnings. Alibaba missed analysts' revenue estimates, but revenue rose 2% year on year to hit 208.2 billion Chinese yuan ($29.6 billion). In a joint statement G-7 leaders acknowledged that there's a need to de-risk and diversify from China — not decouple. They highlighted the need to "address challenges posed by China's policies and practices" and "counter malign practices, such as illegitimate technology transfer or data disclosure."
☆ E-commerce competition in China will be 'more intense' this year, says Goldman Sachs
  + stars: | 2023-05-19 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailE-commerce competition in China will be 'more intense' this year, says Goldman SachsRonald Keung of the investment bank says it expects attractive pricing will drive more demand in the online market during the country's June 18 shopping festival.
☆ Wall Street loves Alibaba right now. Here's what to expect from the tech giant's earnings
  + stars: | 2023-02-22 | by ( Zavier Ong | ) www.cnbc.com   time to read: +4 min
Since the turn of the year, more and more Wall Street banks have turned bullish on the Chinese tech sector, with Alibaba emerging as a favorite stock. The Chinese tech giant, which spans e-commerce, technology and internet segments, is due to report its earnings for the December quarter on Thursday. The bank has named Alibaba its "top pick" in the Chinese tech sector for the first time in three years. Morgan Stanley has a base-case price target of $150 on Alibaba, and a bull-case price target of $200. "We believe the 2-year long earnings downward revision cycle has likely bottomed," Goldman said, giving Alibaba a price target of $138.
☆ Chinese tech firms still in the 'testing phase' of creating generative A.I., says Goldman Sachs
  + stars: | 2023-02-10 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChinese tech firms still in the 'testing phase' of creating generative A.I., says Goldman SachsRonald Keung of the investment bank says Alibaba, Tencent and Baidu have been investing in generative artificial intelligence for "quite a while."
☆ Wall Street is excited about Chinese tech — and loves one mega-cap stock in particular
  + stars: | 2023-01-24 | by ( Zavier Ong | ) www.cnbc.com   time to read: +4 min
A growing number of positive analyst calls has reinforced optimism in the sector, with recent share price gains reflecting renewed interest. How is Wall Street playing the resurgence in Chinese tech? Morgan Stanley too, has named Alibaba its "top pick" in the Chinese tech sector — for the first time in three years. Cohen is reported to have told Alibaba executives that he thought the company could reach double-digit sales growth and nearly 20% free cashflow growth over the coming five years. He said he would "not be surprised" to see Alibaba's share price rise to $140 to $150 — a "significant amount of upside" from current levels.
☆ Goldman Sachs adds Alibaba to conviction buy list, says shares can rise more than 25%
  + stars: | 2023-01-09 | by ( Sarah Min | ) www.cnbc.com   time to read: +2 min
The outlook for Alibaba has improved in 2023 as China reopens, according to Goldman Sachs. Analyst Ronald Keung added the stock to his conviction buy list, saying Alibaba is the best way to play a rebound in the China internet sector. Shares of Alibaba tumbled 25% in 2022, and roughly 49% in 2021, as China's stringent Covid policies during the pandemic dampened investor sentiment on the stock. Still, the stock is up more than 21% a little more than a week into 2023, and the analyst expects further upside. The company's shares are up more than 4% in the premarket Monday.
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