Collective release of mid week concept stocks in the past two weeks 8/18 Baidu, Xiaomi, 8/19 Kwai, 8/20 Alibaba, Netease, Futu, 8/24 Pinduoduoduo. Seven companies in seven days, with a total market value of nearly 700 billion US dollars. Tencent's financial report has hit the streets, followed by Alibaba. It is the steering wheel of a Chinese concept, and the market doesn't really judge how much it earns, but rather three things. Whether the growth rate of cloud business has returned to double digits or not, and to what extent AI capital expenditure has been burned, international retail (AliExpress, Lazada) still cannot run. If any of its performance falls short of expectations in the first quarter of the new fiscal year, China will have to continue to be complacent. Pinduoduo is another variable. Temu has been plagued by tariffs and compliance for a whole year, with PDD's gross profit and overseas pace being the core. It always surprises and scares, financial report killers need to pay attention, the fluctuations on August 24th will not be small. Xiaomi's focus is on the car. The production capacity and gross profit of SU7 and YU7, combined with the basic mobile phone disk, determine whether it can transform from a hardware factory into an ecological story. With such a large increase in storage, it is estimated that another group of people will short Xiaomi again. Kwai depends on the commercialization progress of Keling, and whether AI videos can really become revenue. Baidu is actually the least exciting for me. The search market is basically lost. ERNIE Bot has talked about it for two years, and the market has become immune. On the day of its financial report, the implied volatility of options was 7.2%, indicating that everyone was just like that. NetEase and Futu are stable. NetEase relies on the return of games and Blizzard to support itself, while Futu benefits from the trading volume dividends of Hong Kong and US stocks. After the regulatory crackdown, we will see if profits can return So my ranking this week: Ali>Pinduoduo>Xiaomi>Kwai>Netease ≈ Futu>Baidu To go long or short?