Morgan Stanley said it would downgrade the ratings of Pinduoduo and Meituan to equal; reduce Meituan's target price from HK$110 to HK$90, and cut Pinduoduo's target price from $129 to $90. The target price for the same trip was lowered to HK$17, and the target price for Kuaishou was reduced to HK$31. Alibaba is the first choice because it has differentiated artificial intelligence and cloud computing business exposure, and is the best artificial intelligence investment target in the Chinese Internet industry.

Morgan Stanley said it would downgrade the ratings of Pinduoduo and Meituan to equal; reduce Meituan's target price from HK$110 to HK$90, and cut Pinduoduo's target price from $129 to $90. The target price for the same trip was lowered to HK$17, and the target price for Kuaishou was reduced to HK$31. Alibaba is the first choice because it has differentiated artificial intelligence and cloud computing business exposure, and is the best artificial intelligence investment target in the Chinese Internet industry.