Chinese internet firms’ Q1 results mostly beat expectations, valuations remain attractive – research 
Chinese internet firms’ Q1 results mostly beat expectations, valuations remain attractive – research 

Chinese internet firms’ Q1 results mostly beat expectations, valuations remain attractive – research 

 

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Most mainland Chinese internet companies have achieved better-than-expected results for the first quarter of the year, with profit growth outpacing revenue growth, Citi Research said in a research note. 

A number of internet firms have started to comment on their use of AI technology to generate cost savings for internal operations, reflecting that internet companies are likely to be among the early adopters of AI technology to improve operational efficiencies and support monetisation enhancements, it said. 

The internet sector's shares have rebounded slightly since early April, benefiting from an initial . . .

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