Mizuho analyst James Lee expects 4Q22 to be soft for China's Internet, given the COVID impacts on business activity and consumer sentiment.
The analyst anticipates the headwind reflected across all internet segments, including e-commerce, advertising, and cloud computing.
The 2022 FIFA World Cup is set to begin this week, with matches kicking off on Nov. 20, 2022. A total of 32 teams will play through a group stage and bracket style tournament to crown a winner.
Business Outlook
For the third quarter ending December 29, 2023, and including two months of activity from the Crocus Technologies, Inc. acquisition which closed on October 31, 2023, the Company expects net sales to be