"For '618', merchants have started preparations and view it as a good opportunity to recover losses incurred in April and May," said Alicia Yap, analyst at Citigroup Global Markets Asia.

花旗集团亚洲全球市场分析师Alicia Yap表示：“对于‘618’，商家已经开始准备，并将其视为弥补4月和5月损失的好机会。”。

"While the stepped-up investment should not be a surprise, the market seems to need more time to digest management's message and caution on a potentially prolonged investment cycle and the effectiveness of investment spending," said Alicia Yap, an analyst at Citigroup Global Markets Asia, who maintained the share's "buy" rating as "we navigate through the investment payoff period".

"We view the announcement of the fine by the State Administration for Market Regulation on Saturday as an indication of the closure of the four-month antitrust investigation into Alibaba," said Alicia Yap, an analyst at Citigroup Global Markets Asia.

"As for antimonopoly concerns, (Tencent's) management (team) reiterates the focus on user value and innovation and has been self-constraining on monetization and maintaining prudent business practices," said Alicia Yap, an analyst at Citigroup Global Markets Asia Ltd in a research note.

"Management expects there will be limited impact on group financial performance," Alicia Yap, head of Pan-Asia Internet Research at Citigroup Global Markets Asia, wrote in a research note following the earnings announcement.

Alicia Yap, an analyst at Citigroup Global Markets, said the succession plan announcement makes sense, and it "should also give investors confidence that the company is thinking ahead and wanting to ensure a smooth transition".

Alicia Garcia-Herrero, Asia-Pacific chief economist for French bank Natixis, wrote in an article in the Financial Times on Dec 6 that the RMB has made "impressive" achievements in 2023 in terms of faster increase in its cross-border use.

Alicia Garcia Herrero, chief economist for Asia Pacific at French investment bank Natixis, pointed out that as China's epidemic prevention and control enter a new stage, sectors including airlines and consumption, will benefit most.

Alicia Garcia-Herrero, chief economist for Asia-Pacific at French financial services firm Natixis, wrote on Friday in an analysis of the work report: "While the government report sets particular targets for 2021, our reading tends to be more structural, which should be analyzed together with the 14th Five-Year Plan, which is scheduled to help China embark on a more sustainable trajectory over the long term.

Alicia Garcia Herrero, chief economist for Asia-Pacific at Natixis, said in a post on professional networking site LinkedIn that Europe still attracted the largest number of deals from Chinese companies last year, followed by Asia-Pacific.

Alicia Garcia Herrero, chief economist for Asia Pacific at French investment bank Natixis, said fintech and innovation have led to more frequent information exchanges and integrated data across financial centers.

“I see this as a continuation of the market trying to come to terms with slower growth next year," said Alicia Levine, chief market strategist at BNY Mellon Investment Management in New York.

But, last year, producer prices were positive and interest rates were much higher," said Alicia Garcia Herrero, chief economist for Asia-Pacific at French investment bank Natixis.

"The recent appreciation of the yuan, likely driven by the "counter-cyclical factor", has already deviated from the central bank's desired trajectory," Alicia Garcia-Herrero, chief economist for Asia-Pacific with French bank Natixis, wrote in an article.