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Small-Cap Tech Stocks to Buy: Yirendai (YRD)

Yirendai Ltd – ADR (NYSE:YRD) has a couple things going for it right now.

First, as one of China’s top online lenders — consumer loans for home remodels, durable good purchases, travel and continuing education — and online financial services for individual investors, it occupies a unique niche in the growing credit sector in China. It even allows people to finance loans to others, acting as the middleman.

Second, YRD is going to be a big beneficiary of the growing middle class and aspiring working class looking to improve their lot. As the Chinese economy recovers, this is the front line of that recovery. Small loans to start a business, going back to school or upgrading appliances, are all part of that initial growth.

The stock is up a staggering 215% in the past 12 months, but has come off a bit in recent days, which makes this a good time to step in.

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