《关于平台经济领域的反垄断指南(征求意见稿)》实际影响需待观察 事件:点评:盈利预测:风险提示: % 1M 3M 1Y 6.6 283.5 78.3 7.0 280.6 70.1 要点 2007 FTC (“FTC”)DoubleClick 2010 2013 AdSense15Android43 AdSense AdSense 15 Android 43 24 2013 2013()FTC2 2016811 4.38(4500) 4.38(4500) 2017627 24.2190 2017Google for JobsGoogle Pay 20186 2018643 ChromeGoogle Play201850 201912 1.51.67Google Ads 2019 “”16.9 20201020 20201020 102111 1995-1999 1995199851819 1999115PCJavaLinux200062001 2001-2003 2001Windows2003WindowsWindows 2004324 2004 4.97 244.97(6.118) 2006713 200432.80 2008227 899 20048.99 201337 5.61 2011520127WINDOWS75.61 表1:SoTP估值表