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Stock impact report

Goldman Sachs Says the 'Prominent 10' Could Be China's 'Magnificent Seven' [Yahoo! Finance]

Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA) 
Last alibaba group holding limited american depositary shares each representing eight ordinary share earnings: 2/13 06:45 am Check Earnings Report
US:NYSE Investor Relations: alibabagroup.com/en/ir/home
Company Research Source: Yahoo! Finance
The list includes giants like Tencent, Alibaba, and BYD. These stocks are expected to benefit from a more accommodating government, advances in artificial intelligence, and the relative fragmentation of the Chinese stock market. The 10 largest public companies account for 17% of China's stock market, compared with 33% in the U.S. Move over, Magnificent Seven . There's a new elite equities club in town, though the name is a bit less catchy. The "Prominent 10” are China's large, public-owned enterprises (POEs) that Goldman Sachs in a Sunday note said it expects to benefit the most in the coming years from a lighter regulatory approach and investments in artificial intelligence. The companies: internet and gaming behemoth Tencent e-commerce giant Alibaba smartphone maker Xiaomi , electric car company BYD, digital shopping platform Meituan, video game maker NetEase , appliance maker Midea, pharmaceutical company Hengrui, digital travel agency Trip.com, and sportswear maker ANTA. Show less Read more
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