Ctrip previously rose 1.28% to $58.76. Damo recently issued a report stating that China's internet valuation is still reasonable. The forecast for China's Internet revenue growth in 2025 remains unchanged. The bank expects total e-commerce product transactions in the mainland to increase by 7%, advertising revenue by 8%, total local service transactions by 19%, and online travel agent revenue by 12%. The bank is optimistic about Meituan and Ctrip, and believes that in terms of consumer recovery, the two companies' structural advantages, superior growth, and healthy/improved competition have the same rating as “increase in holdings.”

Ctrip previously rose 1.28% to $58.76. Damo recently issued a report stating that China's internet valuation is still reasonable. The forecast for China's Internet revenue growth in 2025 remains unchanged. The bank expects total e-commerce product transactions in the mainland to increase by 7%, advertising revenue by 8%, total local service transactions by 19%, and online travel agent revenue by 12%. The bank is optimistic about Meituan and Ctrip, and believes that in terms of consumer recovery, the two companies' structural advantages, superior growth, and healthy/improved competition have the same rating as “increase in holdings.”