【招银国际】Cloud revenue growth and AI related monetization remain keys to watch.pdf

Pent-up demand boosts revenue recovery

Saving Lives While Raising Revenue

Inline 3Q23 results; strong music subscription revenue growth

Awaiting recovery of ads revenue growth

China Technology–SMIC／Hua Hong Semi 3Q23：in-line revenue; ASP／GPM pressure to persist into 4Q23E

2H24 preview: both revenue, NP stable HoH

–Games revenue growth accelerated with solid margin expansion

Fire Up Your B2B Revenue Generation Engine

–Game business weighed on revenue growth despite resilient ad and VAS business

3Q results review: Solid revenue growth with lower margin