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This week, the financial reports of Chinese concept stocks in the US have been released intensively, with JD.com, Alibaba, Beike, Tencent Music, and others successively disclosing their quarterly performance. Several companies achieved impressive performance during the reporting period, and the impressive data also demonstrated their strong growth momentum in a volatile market environment. Analysts say that in the first half of 2024, the fundamentals of the e-commerce industry will rebound, the consumer market recovery trend will be stable, and cross-border business will continue to grow. At the same time, the top Chinese Internet companies took more positive measures, including dividend and stock repurchase plans, to increase returns to shareholders, thus demonstrating the company's stable financial position and cash flow. Industry policies are also shifting towards a positive direction, and it is expected that the Chinese concept stock sector will continue to rebound in the future, with valuations expected to recover to a reasonable level.
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