International expansion drove a strong beat for 3Q results 1H24 results beat and a resilient strategy Game business weighed on revenue growthdespite resilient ad and VAS business Proactive competitive strategy may weigh on near-term margin but benefit LT growth Morning Brief Operators: High Prosperity in High Dividend Sector; Cost Reduction and Efficiency Improvement to be Pushed Forward Fixed Income Daily Market Update HAOHUA/CNBG/SYNNVX: Leverage plays on central SOEs Riding on Bigo’s solid recovery Earnings outlook to mildly improve