Top Analyst Says China's Internet Boom Is Just Beginning
Friday, June 9, 2017 4:34
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Chinese Internet stocks are soaring…
Tencent Holdings (TCEHY), China’s leading tech company, is up 44% in 2017. JD.com (JD), China’s Amazon, is up 64%. And social-media firm Momo (MOMO) is up 114%.
It has been a spectacular year. But according to China’s leading Internet analyst, the move isn’t over yet. In fact, her message at our True Wealth China Opportunities Conference in Beijing this week was the polar opposite.
Like us, she believes the future of Chinese Internet stocks is bright. Let me explain…
Fawne Jiang is a go-to resource when it comes to Chinese Internet and tech investing.
Jiang is the top-ranked China Internet analyst on Wall Street. She covers China consumer and Internet stocks at New York-based investment bank Benchmark.
Right now, she’s bullish.
On Monday, Jiang explained to our crowd the three reasons why she’s confident.
Her first point, population, is obvious. China is big.
Ten U.S. cities have populations of more than 1 million people. China has more than 100 cities that size. And the majority of them have Internet access.
China has around 720 million Internet users – more than two times the number of people living in the U.S.
These Internet users are busy. They play video games… communicate with coworkers… pay their bills… call their parents… and upload photos and videos online.
The average Chinese Internet user spends 26 hours per week online. But that doesn’t tell the full story…
People born after 1990 spend 80 hours per week online (versus just eight hours a week for the same age range in the U.S., according to research firm Statista). This is a demographic boon for the Internet sector in China. It means future demand will remain incredibly high.
What you might not expect is the quality of the online products available in China. The technology the Chinese are creating and consuming isn’t like the cheap Chinese-made toys your parents bought you when you were a kid.
They’re the best in the world. And they’re innovative…
Tencent’s WeChat app has more features than anything available in the U.S.
Tencent itself is a comprehensive online ecosystem. Imagine if Facebook, YouTube, Zynga, Blogger, PayPal, and LinkedIn were all owned by the same company.
The last 20 years of Chinese history have seen incredible advancements in technology. The creation of companies like Tencent is a perfect example.
But Jiang is more excited for what the future holds… And she believes the next 20 years will prove even more unbelievable than the last 20.
In 2017, the Chinese Internet sector is booming… But the top analyst on Wall Street says we’re getting started.
Good investing,
Brian Weepie
Editor’s note: Steve’s True Wealth China Opportunities readers are already benefiting from the quiet bull market in Chinese Internet stocks. But the gains are just getting started… And there’s no better way to stay ahead of the trend. Learn more here.
Source: http://www.stansberryresearch.com/dailywealth/3565/top-analyst-says-china-s-internet-boom-is-just-beginning
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