The research report of Goldman Sachs believes that the mainland Internet giants will successively publish the third quarter results next week, and it is expected that most of the enterprises' income will meet the expectations, while investors will focus on the guidance of the fourth quarter due to the policy change at the end of September in the mainland, as well as the management's comments on the recent consumption trend, the progress of advertising technology, artificial intelligence (AI) cloud growth and capital expenditure investment, how companies respond to cross-border businesses under potential tariffs in the United States, and any updates on shareholder return policies. The bank pointed out that it continues to be optimistic about large market cap companies in the industry, such as Tencent (0700. HK), as well as its e-commerce subsidiary segments, namely Alibaba (BABA. US), Pinduoduo (PDD. US), and JD.com (9618. HK). The bank has raised its target price for Pinduoduo (PDD. US) from $169 to $172, and for Meituan (3690. HK) from HKD 194 to HKD 212, with the same "buy" rating.