Weibo (WB) Aktievy
Weibo Corporation, genom sina dotterbolag, är verksamt som en social medieplattform för människor att skapa, upptäcka och distribuera innehåll i Folkrepubliken Kina. Mer information
| Snöflinga Score | |
|---|---|
| Värdering | 5/6 |
| Framtida tillväxt | 0/6 |
| Tidigare resultat | 5/6 |
| Finansiell hälsa | 6/6 |
| Utdelningar | 4/6 |
WB Community Fair Values
Create NarrativeSee what 28 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Media opportunity
LO
Fair Value from
US$2.562.5% undervärderad intrinsisk rabatt
Giftify ($GIFT): A Small-Cap Incentives Platform with More ScaleThan Its Valuation Suggests
Key Takeaways Giftify (GIFT) is building an incentives and rewards platform anchored by CardCash, the nation’s leading secondary gift card marketplace, processing over $154 million in annual transaction volume. The global gift card market is projected at $680 billion in 2026, growing to $1,259 billion by 2031.
Read full narrativeWeibo Corporation Konkurrenter
Prishistorik och prestanda
| Historiska aktiekurser | |
|---|---|
| Aktuell aktiekurs | US$8.46 |
| 52 veckors högsta | US$12.96 |
| 52 veckors lägsta | US$8.10 |
| Beta | 0.19 |
| 1 månads förändring | -2.65% |
| 3 månaders förändring | -16.98% |
| 1 års förändring | -0.94% |
| 3 års förändring | -47.19% |
| 5 års förändring | -82.03% |
| Förändring sedan börsintroduktionen | -58.20% |
Senaste nyheter och uppdateringar
Analysuppdatering • Apr 30
WB: Dividend And Board Actions Will Likely Shape Fairly Valued Outlook
Analysts have slightly lifted their price target for Weibo to $7.51 from $6.68, citing updated assumptions for revenue growth, profit margins around 21%, and a forward P/E of about 7.5x that they see as better reflecting the company’s risk profile and discount rate. What's in the News A board meeting is scheduled for March 18, 2026 to consider and approve unaudited financial results for the fourth quarter and fiscal year ended December 31, 2025 (Key Developments).
Analysuppdatering • Apr 15
WB: Dividend Initiation And Cash Returns Will Support Future Upside
Analysts now set a lower Weibo price target of $14.00, down from $15.50, citing updated assumptions that combine higher expected revenue growth with a slightly lower profit margin outlook and a revised forward P/E multiple. What's in the News The board approved an annual cash dividend of US$0.61 per ordinary share and per ADS for the year ended December 31, 2025, with the total payout expected to be about US$150 million (company announcement).Recent updates
Analysuppdatering • Apr 30
WB: Dividend And Board Actions Will Likely Shape Fairly Valued Outlook
Analysts have slightly lifted their price target for Weibo to $7.51 from $6.68, citing updated assumptions for revenue growth, profit margins around 21%, and a forward P/E of about 7.5x that they see as better reflecting the company’s risk profile and discount rate. What's in the News A board meeting is scheduled for March 18, 2026 to consider and approve unaudited financial results for the fourth quarter and fiscal year ended December 31, 2025 (Key Developments).Analysuppdatering • Apr 15
WB: Dividend Initiation And Cash Returns Will Support Future Upside
Analysts now set a lower Weibo price target of $14.00, down from $15.50, citing updated assumptions that combine higher expected revenue growth with a slightly lower profit margin outlook and a revised forward P/E multiple. What's in the News The board approved an annual cash dividend of US$0.61 per ordinary share and per ADS for the year ended December 31, 2025, with the total payout expected to be about US$150 million (company announcement).Analysuppdatering • Apr 01
WB: Dividend Payout And Weaker Outlook Will Likely Pressure Future Returns
Analysts have reduced their Weibo fair value estimate to $7.50 from $8.50, citing updated assumptions for growth, margins, and a slightly higher discount rate that together indicate a modestly higher future P/E multiple. What's in the News The board approved an annual cash dividend for the year ended December 31, 2025 of US$0.61 per ordinary share and per ADS, with the total dividend expected to be about US$150 million.Seeking Alpha • Mar 30
Weibo: Consider Potential Growth Acceleration And Margin Pressures
Summary I have retained a 'Hold' rating for Weibo after evaluating its performance and outlook. WB delivered higher YoY revenue in 4Q2025 driven by e-commerce and auto sector tailwinds. But its quarterly profitability deteriorated due to higher marketing costs and a one-off tax impact. The company will likely witness similar growth and margin trends in 2026, considering a favorable sporting events calendar and elevated AI investments. Read the full article on Seeking AlphaAnalysuppdatering • Mar 18
WB: Buyback Plan And Slight Forecast Tweaks Will Likely Fail To Sustain Value
Analysts have lowered their price target on Weibo by $0.10 to reflect slightly updated views on fair value, discount rates, revenue growth, profit margins and forward P/E assumptions. What's in the News Board meeting scheduled for March 18, 2026 to consider and approve Weibo Corporation's unaudited financial results and announcement for the fourth quarter and fiscal year ended December 31, 2025 (the "Board Meeting").Analysuppdatering • Mar 03
WB: Buyback Plan And Higher P/E Will Likely Fail To Sustain Value
Analysts now set a slightly higher price target for Weibo at $6.31 versus $5.75 previously, reflecting updated assumptions around discount rates, modest revenue growth expectations, profit margins, and a revised future P/E outlook. What's in the News Weibo scheduled a board meeting for March 18, 2026, to consider and approve unaudited financial results and the announcement for the fourth quarter and fiscal year ended December 31, 2025 (company event filing).Analysuppdatering • Feb 17
WB: Share Repurchases Will Support Future Upside As Core Assumptions Hold
Analysts have kept their Weibo fair value estimate steady at $15.50, with small adjustments to the discount rate, revenue growth, profit margin, and future P/E assumptions guiding this unchanged price target update. What's in the News Weibo's board has scheduled a meeting for March 18, 2026 to review and approve the unaudited financial results and announcement for the fourth quarter and full year ended December 31, 2025 (company event).Analysuppdatering • Feb 03
WB: Share Repurchases Will Support Upside Potential As Core Assumptions Stay Intact
Analysts now hold their price target on Weibo steady at US$15.50, citing only minor adjustments to the discount rate, revenue growth, profit margin and forward P/E assumptions that do not materially change their valuation view. What's in the News Weibo Corporation announces a share repurchase program to buy back up to US$200 million of its American depositary shares, funded from existing cash, with the program valid until December 31, 2026 (company announcement).Analysuppdatering • Jan 20
WB: Buyback Plan Will Likely Fail To Support Stretched Earnings Multiple
Analysts have raised their price target for Weibo to reflect updated assumptions, including slightly lower discount rates, revised revenue growth expectations to 284.00%, a profit margin view of 23.97%, and a future P/E of 5.75x, which they see as better aligning the valuation with these refreshed inputs. What's in the News Weibo Corporation announced a share repurchase program of up to US$200 million of its American depositary shares, with repurchases expected to be funded from existing cash and the program scheduled to run through December 31, 2026 (Key Developments).Analysuppdatering • Jan 06
WB: Share Repurchases Will Support Upside Potential Despite Higher Discount Rate
Analysts have reduced their fair value estimate for Weibo from US$16.66 to US$15.50, citing updated assumptions on growth, profitability and a lower forward P/E multiple. What's in the News Weibo has announced a share repurchase program of up to US$200 million in American depositary shares, funded from its existing cash balance and running through December 31, 2026 (company announcement).Analysuppdatering • Dec 13
WB: Higher Discount Rate Will Likely Pressure Future Earnings Multiple
Narrative Update on Weibo Analysts have modestly raised their price target on Weibo, citing a shift to slightly positive revenue growth and a firmer long term earnings multiple, despite a higher discount rate and some pressure on profit margins. What's in the News Weibo's board has scheduled a meeting for November 18, 2025, to review and approve unaudited Q3 2025 financial results for the quarter ended September 30 and address other corporate matters (company filing) Weibo has been added to the S&P Global BMI Index under its Hong Kong listing SEHK:9898, which may increase visibility and passive fund inflows (index provider announcement) Valuation Changes Fair Value Estimate remains unchanged at 8.6, indicating no revision to the intrinsic value per share in this update.Analysartikel • Sep 11
Weibo Corporation (NASDAQ:WB) Held Back By Insufficient Growth Even After Shares Climb 25%
The Weibo Corporation ( NASDAQ:WB ) share price has done very well over the last month, posting an excellent gain of...
Analysuppdatering • Aug 17
Integrating AI Will Expand User Engagement And Monetization Capabilities In The Future
Weibo's fair value estimate has been revised upward, primarily driven by improved consensus revenue growth forecasts and a modest decrease in the discount rate, resulting in an analyst price target increase from $11.25 to $11.90. What's in the News Board meeting scheduled for Aug 14 to review and approve unaudited financial results for Q2 and H1 2025.Analysartikel • Aug 09
Capital Allocation Trends At Weibo (NASDAQ:WB) Aren't Ideal
NasdaqGS:WB 1 Year Share Price vs Fair Value Explore Weibo's Fair Values from the Community and select yours If we want...Analysartikel • Jul 17
Weibo Corporation's (NASDAQ:WB) Prospects Need A Boost To Lift Shares
Weibo Corporation's ( NASDAQ:WB ) price-to-earnings (or "P/E") ratio of 7x might make it look like a strong buy right...Analysartikel • May 15
Is Weibo (NASDAQ:WB) Using Too Much Debt?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Analysartikel • Apr 23
Some May Be Optimistic About Weibo's (NASDAQ:WB) Earnings
Soft earnings didn't appear to concern Weibo Corporation's ( NASDAQ:WB ) shareholders over the last week. Our analysis...Seeking Alpha • Apr 18
Weibo Corporation: The Pluses Outnumber The Minuses
Summary WB has dropped in value as a result of the dispute around tariffs, but the charts suggest the drop has opened up a good opportunity to get in. There are other headwinds facing WB besides trade tensions, but there are ways for WB to counter the effects, which includes the use of AI. WB has a number of attributes that are appealing to investors, which include P/E ratios in the single digits and a very generous dividend. There are risks, especially in the short term, but long WB has enough to warrant higher share prices, especially over the longer haul. Read the full article on Seeking AlphaAnalysartikel • Apr 09
Investors Don't See Light At End Of Weibo Corporation's (NASDAQ:WB) Tunnel And Push Stock Down 28%
Weibo Corporation ( NASDAQ:WB ) shareholders won't be pleased to see that the share price has had a very rough month...Analysartikel • Mar 11
Weibo (NASDAQ:WB) Might Be Having Difficulty Using Its Capital Effectively
There are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'll want to see a...Seeking Alpha • Feb 05
Weibo Corporation: How U.S. Tariffs Could Have An Impact
Summary Shorts have been covering in recent months, which seems to have aided the stock’s recent rise after a long decline. Tariffs and rising trade tensions could cause shorts to up their bets against WB because they could adversely impact the Chinese economy and WB by extension. Bears have something to fall back on, but so do the bulls with WB available at low multiples, improving quarterly results and a generous dividend. Trade disputes are a wild card for WB, but long WB has enough going for it to warrant being bullish for the long term. Read the full article on Seeking AlphaAnalysartikel • Dec 13
Weibo Corporation's (NASDAQ:WB) Shares Bounce 26% But Its Business Still Trails The Market
Despite an already strong run, Weibo Corporation ( NASDAQ:WB ) shares have been powering on, with a gain of 26% in the...Analysartikel • Nov 21
Weibo (NASDAQ:WB) Will Be Hoping To Turn Its Returns On Capital Around
To find a multi-bagger stock, what are the underlying trends we should look for in a business? Typically, we'll want to...Seeking Alpha • Nov 20
Weibo: Olympic Sprint Amid A Marathon Of Macro Woes
Summary Weibo's Q3 ad revenue benefited from the Olympics, but macro challenges and stagnant user engagement limit growth potential. Despite a low valuation, Weibo's relevance in digital ads is questionable due to shifting ad dollars to e-commerce and short-form videos. Our DCF analysis values Weibo at $8/share, indicating 13% downside, with no expected near-term recovery in China's macro environment. We recommend avoiding Weibo stock until macro recovery signs emerge, favoring ex-China plays like PDD and Meituan instead. Read the full article on Seeking AlphaAnalysartikel • Sep 28
There's No Escaping Weibo Corporation's (NASDAQ:WB) Muted Earnings Despite A 35% Share Price Rise
The Weibo Corporation ( NASDAQ:WB ) share price has done very well over the last month, posting an excellent gain of...Seeking Alpha • Sep 19
Weibo: At Half Of Book Value, This Stock Could Easily Double
Summary Weibo Corporation's market cap has dropped 95% since 2018, yet its book value has tripled, resulting in the stock trading at around half of book value. This low P/B ratio does not reflect low return on equity or poor asset quality, suggesting the stock is deeply undervalued. At 6x earnings and with an 11% dividend yield, investors are likely to generate strong returns unless Weibo's sales take a drastic decline. Despite regulatory risks, the valuation gap between US and Chinese tech seems unjustified, particularly as Western governance systems are becoming increasing interventionist. Read the full article on Seeking Alpha
Ny analys • Sep 12
Elevating User Engagement And Diversifying Ad Revenue Streams Promise Bright Horizons
Focusing on high-quality user acquisition and promoting user-generated content are key to increasing Weibo's ad revenue through higher user engagement.Analysartikel • Aug 25
Weibo Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
Last week, you might have seen that Weibo Corporation ( NASDAQ:WB ) released its quarterly result to the market. The...Seeking Alpha • Aug 23
Weibo: No Growth Yet Still Undervalued
Summary Weibo Corporation stock remains undervalued despite lack of investor interest. Value-added services revenues increased by 18% year-over-year, demonstrating resilience in a challenging Chinese economy. Weibo's focus on monetizing user engagement, creative partnerships, and potential for growth make it a solid long-term investment. Shares are a buy, price target of $12. Read the full article on Seeking AlphaAnalysartikel • Aug 14
Here's What's Concerning About Weibo's (NASDAQ:WB) Returns On Capital
There are a few key trends to look for if we want to identify the next multi-bagger. Amongst other things, we'll want...Analysartikel • Jul 24
We Think Weibo (NASDAQ:WB) Can Manage Its Debt With Ease
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...Analysartikel • Jun 28
Weibo Corporation's (NASDAQ:WB) Subdued P/E Might Signal An Opportunity
With a price-to-earnings (or "P/E") ratio of 6.4x Weibo Corporation ( NASDAQ:WB ) may be sending very bullish signals...Analysartikel • May 26
Earnings Update: Weibo Corporation (NASDAQ:WB) Just Reported Its First-Quarter Results And Analysts Are Updating Their Forecasts
Last week, you might have seen that Weibo Corporation ( NASDAQ:WB ) released its first-quarter result to the market...Seeking Alpha • May 08
Weibo: The Dividend Is A Start
Summary Weibo approves another special dividend, signaling a shift in strategy to return value to shareholders. Weibo's market share remains strong, but its growth has stagnated. The company is cautiously adopting AI technology. The current valuation is one positive but there are better options out there. Read the full article on Seeking AlphaAnalysartikel • Apr 27
Weibo's (NASDAQ:WB) Returns On Capital Not Reflecting Well On The Business
To find a multi-bagger stock, what are the underlying trends we should look for in a business? Amongst other things...Analysartikel • Mar 25
Weibo Corporation's (NASDAQ:WB) Business And Shares Still Trailing The Market
With a price-to-earnings (or "P/E") ratio of 6.1x Weibo Corporation ( NASDAQ:WB ) may be sending very bullish signals...Seeking Alpha • Feb 12
Weibo Offers A Low-Risk, High-Uncertainty Bet
Summary Weibo is an undervalued, dominant player in the Chinese social media market that happens to be a low-risk, high-uncertainty bet at current prices. The company can leverage AI and its vast amount of data to improve content and retain its KOLs. Weibo's CEO has successfully increased revenue and user base, but regulatory risks in China pose a potential challenge. Shares are cheap and present a contrarian opportunity to those who have tolerance for volatility. Read the full article on Seeking AlphaSeeking Alpha • Jan 13
Weibo: It's Hard To Slay A Social Media Giant
Summary Weibo stock hits an all-time low after a BofA Securities downgrade, making it worth a look for value hunters. Basic thesis: Twitter-equivalent of China trading for sub-6 P/E with cash-rich balance sheet and huge investment portfolio relative to market cap. Risks: revenue headwinds from underperforming ad verticals, related party risks with parent company Sina Corp, and potential chilling effects from China's "real name" rule. Weibo is a value rather than growth story, longs are betting on the network effects and competitive moat of a leading microblogging platform. Twitter/X vs Meta's Threads may illuminate. Price target $15.80 per share. Read the full article on Seeking AlphaSeeking Alpha • Sep 01
Weibo Non-GAAP EPS of $0.46 beats by $0.01, revenue of $450.2M beats by $0.79M
Weibo press release (NASDAQ:WB): Q2 Non-GAAP EPS of $0.46 beats by $0.01. Revenue of $450.2M (-21.6% Y/Y) beats by $0.79M. Monthly active users were 582M in June 2022, a net addition of approximately 16M users on a year-over-year basis. Mobile MAUs represented 95% of MAUs. Average daily active users were 252M in June 2022, a net addition of approximately 7M users on a year-over-year basis. "We navigated through the challenges from COVID-19 resurgence in the second quarter," said Gaofei Wang, CEO of Weibo. "Our user community and engagement continued with healthy trend despite cutback in channel investment, leveraging our unique positioning and competitive advantage in the social media sector. On monetization, although broad-based headwinds weighed on advertising demand in the near term, we are encouraged to see resilient performance of certain sectors and the gradual pick-up of the overall advertising business after the pandemic. Weibo also delivered a non-GAAP operating margin of 32% in the second quarter, which further improved from the first quarter of 2022, as we executed against our efficiency initiatives to optimize costs and expenses. Looking ahead, we remain confident in our differentiated value proposition and long-term monetization opportunities." Shares down 2.6% PM.Seeking Alpha • Jun 03
Weibo: Fundamentals Point To Strong Upside
Weibo is a leading social-media company in China operating one of the country’s most successful and popular communication platform. With a >500 million user base and a strong brand, Weibo appears well-positioned to capture a large share of China’s internet/communication market. Looking at Weibo’s valuation, the company’s financials appear highly underappreciated - as Weibo is profitable and the company's balance sheet healthy. I assign a BUY rating to Weibo stock and set a price target of $43.56/share.Seeking Alpha • Apr 07
Weibo Plays With The Big Boys In Numbers, But Investors Still Worry
Despite impressive financial results last year, China’s Twitter equivalent faces the challenge of better monetizing users in its highly regulated home market. Weibo’s revenue rose above pre-pandemic levels last year, but its profitability lagged due to heavy spending. The company trails Meta in its ability to monetize users, and is very much in the shadow of local rival WeChat in terms of total user numbers.Analysartikel • Mar 19
Is Weibo (NASDAQ:WB) A Risky Investment?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Aktieägarnas avkastning
| WB | US Interactive Media and Services | US Marknad | |
|---|---|---|---|
| 7D | 0.6% | 2.9% | 2.1% |
| 1Y | -0.9% | 87.0% | 30.6% |
Avkastning vs industri: WB presterade sämre än US Interactive Media and Services branschen som gav 87 % under det senaste året.
Avkastning vs Marknaden: WB presterade sämre än US marknaden som gav 30.6 % under det senaste året.
Prisvolatilitet
| WB volatility | |
|---|---|
| WB Average Weekly Movement | 4.3% |
| Interactive Media and Services Industry Average Movement | 8.2% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.1% |
| 10% least volatile stocks in US Market | 3.2% |
Stabil aktiekurs: WB har inte haft någon betydande prisvolatilitet under de senaste 3 månaderna jämfört med marknaden för US.
Volatilitet över tid: WB s veckovolatilitet ( 4% ) har varit stabil under det senaste året.
Om företaget
| Grundad | Anställda | VD OCH KONCERNCHEF | Webbplats |
|---|---|---|---|
| 2009 | 5,651 | Gaofei Wang | weibo.com |
Weibo Corporation, genom sina dotterbolag, är verksamt som en social medieplattform för människor att skapa, upptäcka och distribuera innehåll i Folkrepubliken Kina. Verksamheten bedrivs genom två segment, Advertising and Marketing Services och Value-Added Services. Bolaget erbjuder produkter för att hjälpa användare att upptäcka innehåll på plattformen, produkter för självuttryck som gör det möjligt för användare att uttrycka sig på plattformen samt sociala produkter för att främja social interaktion mellan användare på plattformen.
Weibo Corporation Sammanfattning av grunderna
| WB grundläggande statistik | |
|---|---|
| Börsvärde | US$2.08b |
| Vinst(TTM) | US$449.02m |
| Intäkter(TTM) | US$1.76b |
4.6x
P/E-förhållande1.2x
P/S-förhållandeÄr WB övervärderat?
Se Verkligt värde och värderingsanalysResultat & intäkter
| WB resultaträkning (TTM) | |
|---|---|
| Intäkter | US$1.76b |
| Kostnad för intäkter | US$421.84m |
| Bruttovinst | US$1.34b |
| Övriga kostnader | US$886.36m |
| Intäkter | US$449.02m |
Senast redovisade vinst
Dec 31, 2025
Nästa vinstdatum
May 28, 2026
| Vinst per aktie (EPS) | 1.83 |
| Bruttomarginal | 75.99% |
| Nettovinstmarginal | 25.55% |
| Skuld/egenkapitalförhållande | 46.5% |
Hur har WB utvecklats på lång sikt?
Se historisk utveckling och jämförelseUtdelningar
7.2%
Aktuell utdelningsavkastning32%
UtbetalningskvotGer WB en tillförlitlig utdelning?
Se WB utdelningshistorik och jämförelsetal| Weibo datum för utdelning | |
|---|---|
| Ex utdelningsdag | Apr 17 2026 |
| Utbetalningsdag för utdelning | May 22 2026 |
| Dagar till Ex-utdelning | 24 days |
| Dagar till utdelningsdag | 11 days |
Ger WB en tillförlitlig utdelning?
Se WB utdelningshistorik och jämförelsetalFöretagsanalys och finansiella data Status
| Uppgifter | Senast uppdaterad (UTC-tid) |
|---|---|
| Analys av företag | 2026/05/07 21:18 |
| Aktiekurs vid dagens slut | 2026/05/07 00:00 |
| Intäkter | 2025/12/31 |
| Årlig intjäning | 2025/12/31 |
Datakällor
Den data som används i vår företagsanalys kommer från S&P Global Market Intelligence LLC. Följande data används i vår analysmodell för att generera denna rapport. Data är normaliserade vilket kan medföra en fördröjning från det att källan är tillgänglig.
| Paket | Uppgifter | Tidsram | Exempel US-källa |
|---|---|---|---|
| Företagets finansiella ställning | 10 år |
| |
| Analytikernas konsensusuppskattningar | +3 år |
|
|
| Marknadspriser | 30 år |
| |
| Ägarskap | 10 år |
| |
| Förvaltning | 10 år |
| |
| Viktiga utvecklingstendenser | 10 år |
|
* Exempel för amerikanska värdepapper, för icke-amerikanska värdepapper används motsvarande regelverk och källor.
Om inget annat anges är all finansiell data baserad på en årsperiod men uppdateras kvartalsvis. Detta kallas data för efterföljande tolv månader (TTM) eller senaste tolv månader (LTM). Lär dig mer om detta.
Analysmodell och snöflinga
Detaljer om analysmodellen som användes för att skapa den här rapporten finns på vår Github-sida, vi har också guider om hur du använder våra rapporter och tutorials på Youtube.
Lär dig mer om det team i världsklass som utformade och byggde analysmodellen Simply Wall St.
Industri- och sektormått
Våra bransch- och sektionsmått beräknas var sjätte timme av Simply Wall St, detaljer om vår process finns tillgängliga på Github.
Källor för analytiker
Weibo Corporation bevakas av 35 analytiker. 18 av dessa analytiker lämnade de uppskattningar av intäkter eller resultat som användes som indata till vår rapport. Analytikernas inskickade estimat uppdateras löpande under dagen.
| Analytiker | Institution |
|---|---|
| Richard Kramer | Arete Research Services LLP |
| Yanfang Jiang | Benchmark Company |
| Xiaomeng Zhuang | BofA Global Research |