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3 Chinese Internet Stocks to Buy for Explosive Growth

The fastest-growing internet stocks are not American-made

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Chinese Internet Stocks to Buy: Tencent (TCEHY)

Chinese Internet Stocks to Buy: Tencent (TCEHY)
Source: Wikimedia

Tencent Holdings Ltd (OTCMKTS:TCEHY) has a 33% share of the Chinese online payments market, and JPMorgan predicts that the market will grow 400% by 2020. Additionally, as more consumers begin utilizing Tencent’s online payment system, it will be able to more easily sell them other products online, Barron’s points out.

Tencent is also very well-positioned to benefit from increases in Chinese internet ad spending, as Jefferies analyst Karen Chan predicts that mobile in-feed ads such as those on its popular WeChat messaging app will be “the fastest growing ad format.”

Finally, the user base of the company’s social media platforms is growing more quickly than Facebook Inc’s (NASDAQ:FB) user base, and Tencent reportedly has become China’s most valuable brand, indicating that it must be doing a lot of things right.

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Article printed from InvestorPlace Media, http://investorplace.com/2017/04/3-chinese-internet-stocks-to-buy-for-explosive-growth/.

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