The financial results of Alibaba, Tencent, and JD this week might provide a clearer snapshot of China's economy and consumer sentiments.

$TENCENT (00700.HK)$ will release second-quarter results on Wednesday(Aug.14). Tencent probably saw revenue rise 8.1%, helped by sustained demand momentum for online advertising and domestic video games. The current buyback program may be expanded, Bloomberg Intelligence said. Look out for strategies to boost domestic gaming and rejuvenate existing games during the earnings call, Jefferies said.

$BABA-SW (09988.HK)$ probably saw quarterly revenue grow 6.7%, although it spent more on advertising and user perks to attract more shoppers outside China, according to BI. Lackluster business sentiment in China may have limited gains in Taobao-Tmall group revenue, with consensus pointing to a slowdown in growth to 2.3%.

$JD-SW (09618.HK)$ second-quarter retail revenue growth likely shrank to a nine-month low, BI said. An increase in higher-margin third-party revenue, particularly during China’s 618 sales event, probably boosted its retail operating margin amid intensifying price competition with rivals including Alibaba.