AFP PHOTO / Ishara S. KODIKARA (Photo credit should read ISHARA S. KODIKARA/AFP/Getty Images)
When it comes to Sri Lanka, China has an ambitious agenda. It wants to turn the island nation into a trading and military outpost in the Indian Ocean. And it has a good plan in advancing that agenda, including the shoring up of Sri Lanka’s major ports.
That’s something Sri Lanka and other Indian Ocean countries desperately need, as trade flowing throughout the region has multiplied in recent years.
And it is also a development closely followed by international investors, as they place their bets in the financial markets in the region.
IShares China (FXI)
Hot China Stocks To Own For 2018: Euro/Yen(EJ)
- [By Belinda Cao]
E-House China Holdings Ltd. (EJ), a real estate brokerage, gained 9.2 percent to $9.70, extending it advance to a third week. Its American depositary receipts retreated 3.1 percent Sept. 20 from the highest level since May 2011.
Hot China Stocks To Own For 2018: Netease.com Inc.(NTES)
- [By Sreekanth Anasa]
Shares of Hangzhou, China-based NetEase Inc (NASDAQ:NTES)popped 14% in the Feb 16th trading session after the company reported stellar Q4 and full-year 2016 earnings on Feb 15th after market close. The Chinese online gaming giant delivered an EPS of $4.30 on revenues of $1.74B beating EPS estimates by $0.86 and revenue estimates by $16oM. NetEase’s revenue grew by an impressive 53.1% YoY for Q4 and 67.7% for the full year 2016. On the back of these strong numbers, NTES stock closed at an all-time high of $298.73 in yesterday’s trading session. NTES stock might have gone up very high too soon. There could be a correction around the corner but still NTES stock is a great long-term proposition with much more upside left. Here’s why.
- [By Joe Tenebruso]
Shares ofNetEase (NASDAQ:NTES)popped 20.1% last month, according to data provided byS&P Global Market Intelligence, as the Chinese internet technology company’s strong fourth-quarter earnings report was applauded by investors.
Hot China Stocks To Own For 2018: Baidu Inc.(BIDU)
- [By Paul Ausick]
The company is controlled by China’s largest internet search firm, Baidu Inc. (NASDAQ: BIDU), which holds about 93% of the company’s voting power. Based on the IPO price, iQIYI has a market cap of around $13.67 billion, and Baidu will retain ownership of more than 80% of the class A common stock.
- [By Joe Tenebruso]
Netflix also just recently made inroads into the biggest international market of them all: China. It agreed to a licensing deal with iQiyi, Baidu’s (NASDAQ:BIDU) video streaming service. iQiyi is the most popular video streaming platform in China, with 500 million monthly viewers for its free service and 20 million paid subscribers. And while the terms of the deal were undisclosed, Netflix no doubt stands to benefit from the brand exposure that gaining access to iQiyi’s massive user base will provide.
- [By Leo Sun]
Tech giant Baidu (NASDAQ:BIDU) owns China’s largest search engine and mapping platform, the popular video site iQiyi, and links it all together with a vast ecosystem of internet and cloud-based services.
- [By Keith Fitz-Gerald]
Take China, for example. It’s long been one of the president’s favorite targets, yet the nation’s companies are stepping onto the global stage far faster than most Westerners can comprehend. Alibaba Group Holding Ltd. (NYSE: BABA), for example, threatens Amazon.com Inc. (Nasdaq: AMZN) in key markets around the world. Baidu Inc. (Nasdaq: BIDU) is gearing up for a fight with Alphabet Inc. (Nasdaq: GOOGL).
- [By ]
Thanks to these fundamental economic drivers, Asian internet firms like Tencent Holdings (OTC: TCEHY) and Alibaba (NYSE: BABA) have seen their stock prices soar 100% over the last year. JD.com (Nasdaq: JD) and Baidu (Nasdaq: BIDU) are trading higher by around 50% over the same period. I fully expect this bull market to continue over the long term.
- [By Wayne Duggan]
Baidu Inc (ADR) (NASDAQ: BIDU) is well known as the dominant search engine in China. Its mobile app has a 90 percent market share and is obviously most similar to Alphabet Inc (NASDAQ: GOOGL)’s Google app.
Hot China Stocks To Own For 2018: Sina Corporation(SINA)
- [By Ezra Schwarzbaum]
It was quickly followed by two other Chinese social media sites: SINA Corp (NASDAQ: SINA) and Momo Inc (ADR) (NASDAQ: MOMO).
Weibo issued a press release later in the day saying it would cooperate with the State Administration of Press, Publication, Radio, Film and Television.
- [By Shanthi Rexaline]
SINA Corp (NASDAQ: SINA), which has a stake in Weibo, also tumbled.
Weibo confirmed that the State Administration of Press, Publication, Radio, Film and Television of the People’s Republic of China or SAPPRFT has ordered local authorities to take measures to suspend audio and video services of some internet companies.
- [By Leo Sun]
Warren Buffett famously told investors to be “fearful when others are greedy, and greedy when others are fearful.” Dedicated followers of that mantra would probably dismiss Chinese online media giant SINA (NASDAQ:SINA) — which rallied 120% over the past 12 months to a six-year high — as a “greedy” play.
- [By Steve Symington]
Shares ofSINA Corporation(NASDAQ:SINA)rose 25.8% in 2016,according to data from S&P Global Market Intelligence, following a pair of stronger-than-expected quarterly reports from the Chinese internet leader in the second half.