Goldman Sachs lists 10 private giants in China, including Tencent and Alibaba

AASTOCKS
2025.06.16 09:00

Goldman Sachs released a report indicating that the investment value of Chinese private enterprises is recovering, listing the "Top 10 Private Giants" in China, all rated as "Buy," which are Tencent (00700.HK), Alibaba-W (09988.HK), Xiaomi-W (01810.HK), BYD (01211.HK), Meituan-W (03690.HK), NetEase-S (09999.HK), Midea (00300.HK), Heng Rui Medicine (01276.HK), Trip.com-S (09961.HK), and Anta (02020.HK).

The report states that these stocks collectively reflect themes such as artificial intelligence/technology development, self-sufficiency, "going global," services, new consumption forms, and continuously improving shareholder returns. These companies have a total market capitalization of up to $1.6 trillion, accounting for 42% of the MSCI China Index weight, with an expected compound annual growth rate of 13% in earnings over the next two years

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