Over the past 18 months, Chinese regulators have passed new regulations and imposed fines on numerous sectors, including education, gaming, ride-hailing, and food delivery, crushing the market cap of many of the country’s leading companies. But after positive comments from China’s economic czar, Vice Premier Liu He, investors are cautiously eyeing beaten-down Chinese tech stocks.
During the Tuesday meeting with the country’s most significant tech CEOs, China’s Vice Premier said that Beijing would encourage the further development of digital platforms and that regulators would try to “properly manage” the relationship between the government and the market. China’s Vice Premier also said that Beijing would support more public listings of China’s tech companies, both domestically and overseas.
With the worst of China’s regulatory crackdown seemingly in the rearview, here are three of the top Chinese tech stocks to watch in the coming weeks.
Legend Who Bought Apple at $1.42 Says Buy TaaS Now
It’s called TaaS – and if you haven’t yet heard of this technological breakthrough, you soon will. [Full Story…]
Founded in 2015, Pinduoduo (PDD) is one of the fastest-growing tech companies in the world. The agriculture-focused e-commerce platform directly connects more than 12 million farmers with distributors and consumers through its interactive shopping experience, allowing users to participate in group buying deals.
In 2017, the company ended its online direct sales model and transitioned to purely providing online marketplace services to third-party merchants across more categories. According to Pinduoduo‘s July 2018 prospectus, this change from a first party to a third party marked the start of explosive growth. From there, Duo Duo Live was launched in December 2019 as a live streaming feature available for merchants to better promote their wares. Duo Duo Grocery, a next-day, click-and-collect grocery service, was rolled out in August 2020 as a response to the changing consumer needs for buying groceries in the wake of the COVID-19 pandemic.
Since its Feb 2021 peak, PDD’s share price is down more than 80%. The stock garners a solid Buy rating from the Wall Street pros offering recommendations and a median price target of $59, representing a 44% increase from Friday’s closing price.
Palm Beach Group:
Teeka: “Buy this Ticker ASAP” – DONT USE.
With experts projecting gains as high as 1,530% by the end of this year… Anyone who doesn’t buy this ticker will most likely regret it later. Even Forbes has confirmed that when all is said and done, “a new class of millionaires may emerge.” Unfortunately, a recent study shows that only 3% of retirees have invested in this opportunity. That means most people will miss out. Don’t be one of them. Click here and get the ticker now… no strings attached. [REVEAL TICKER]
As one of the leading e-commerce giants in China, Alibaba Group (BABA) has an Amazon-like ingrained foothold among China’s consumers, but it trades at less than 25 times forward earnings, a much better valuation compared to Amazon.
Over the last few years, the company has transformed itself from a traditional e-commerce company to a conglomerate with businesses ranging from logistics and food delivery to cloud computing, represented by Alibaba.com, Taobao, and Tmall. The company’s businesses account for more than half of all online retail sales in China, one of the world’s fastest-growing e-commerce markets. Taobao is one of Alibaba’s most profitable marketplaces that accounts for more than 80% of its sales, thanks to soaring demand for high-quality imported brands in China. The company is well-positioned in the New Retail space, where it aims to bring together digital payments, e-commerce, food delivery, and other parts of the business into one extensive ecosystem.
Since its October 2020 peak, BABA’s share price is down more than 71%. The stock garners a solid Buy rating from the Wall Street pros offering recommendations and a median price target of $153.50, representing a 75% increase from Friday’s closing price.
Banyan Hill Publishing:
Buy Alert: Invest in This Coin Before…
When Ian King recommended Binance on May 4, 2020, he knew it’d soar higher… and sure enough, it went up 1,061%.
When he recommended Solana on December 17, 2020, he knew it’d soar higher… and sure enough, it went up 1,934%.
And when he recommended Terra on December 17, 2020, he knew it’d soar higher… and sure enough, it went up 18,325%.
Perhaps what’s most amazing of all – these gains came within a year.
Here’s why I’m telling you this…
Today, Ian issued a new “buy alert.”
He’s calling this one “the greatest investment in history,” and adds: “All my data is clear. It will be 20X bigger than bitcoin.”
But you’ll want to invest before the upgrade date.
See how you can buy this coin with as little as $20.
NetEase Inc (NTES) develops and operates mobile and PC games, communities, and eCommerce platforms. Its titles include some of the most popular games in China, such as the Westward Journey series, Ghost, and partnering with Activision Blizzard (ATVI) to deliver Chinese versions of Blizzard games to its users.
NetEase became a public company in 2000. Since then, the video game industry has gone from a $20 billion industry to be worth nearly $200 billion. NTES has ridden this wave to become one of the most valuable video game companies in the world. It’s looking to maintain its standing as one of the leading gaming companies in China with new products, including a VR-based, open-world, role-playing game that is highly anticipated by the gaming community. The company’s leading position in the video game market is expected to grow at a double-digit CAGR over the next decade. Since its Feb 2021 peak, NTES’s share price is down more than 30%. The stock garners a solid Buy rating from the Wall Street pros offering recommendations and a median price target of $123.79, representing a 27% increase from Friday’s closing price.
Where to invest $1,000 right now...
Before you consider buying NetEase, you'll want to see this.
Investing legend, Keith Kohl just revealed his #1 stock for 2022...
And it's not NetEase.
Jeff Bezos, Peter Thiel, and the Rockefellers are betting a colossal nine figures on this tiny company that trades publicly for $5.
Keith say’s he thinks investors will be able to turn a small $50 stake into $150,000.
Find that to be extraordinary?
But you have to act now, because a catalyst coming in a few weeks is set to take this company mainstream... And by then, it could be too late.
Jeff Bezos Just Poured $10 Billion Into This…
Not many people know this story… But in 1998, Bezos invested $250,000 of his own money in Google, when the company was just getting started out of a garage in California. When Google went public in 2004, that $250,000 investment translated into 3.3 million shares of Google stock. Nobody knows if Bezos has sold any shares. If he hasn’t, today they’re worth more than $5.6 billion.Jeff Bezos is betting big on a new trend. This time he’s planning to invest $10 billion of his own money in this exciting new trend. That’s 40,000 times more money than what he invested in Google. That’s how big he thinks this could be. [Full Story…]