Chinese Stocks Face Earnings Test: Tencent, JD.com, and Alibaba Set to Report
Analysts expect$TENCENT (00700.HK)$’s gaming division to continue its rapid growth, with double-digit year-over-year gains, while its advertising and fintech businesses are also expected to perform well.
$BABA-W (09988.HK)$’s GMV is projected to see moderate single-digit growth, though multiple positive factors could come into play over the next few quarters.
$JD-SW (09618.HK)$is expected to benefit from subsidies for trade-ins, with its September electronics GMV projected to rise more than 10% year-over-year.