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3 Chinese Mobile E-Commerce Stocks to Buy

VIPS, CMGE and TCEHY lead China’s booming segment.

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Tencent Holdings (TCHEY)

Tencent TCEHY 185If you are looking for a true mobile e-commerce China play, then there is perhaps none better than Tencent Holdings (TCEHY). The online and mobile software services firm’s chat platforms are extremely popular in China, and the company is reaping a whirlwind of financial benefits as a result. Wall Street knows this too, as evidenced by a recent Wall Street Journal Heard on the Street column featuring Tencent and its ability to, “mint money from mobile.”

As the WSJ points out, the company’s QQ Mobile messaging apps were big drivers of its revenue in Q1. In fact, revenue from mobile games was up about 300% to 1.8 billion yuan (or approx. $288.9 million), which easily bested expectations for a top-line of around 800 million yuan.

Tencent recently split its stock five-for-one. Adjusting for the split, TCEHY shares are up 13.6% in 2014, and the stock has vaulted some 82% during the past 12 months. If the China mobile e-commerce business continues to grow as it has recently, then you can bet that TCEHY stock is likely to spring higher as well.

As of this writing, Jim Woods did not hold a position in any of the aforementioned securities.

Article printed from InvestorPlace Media,

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