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A number of Wall Street investment banks have listed their top China tech stocks for the year ahead.
Analysts from Citi, Jefferies and Stifel considered themes such as e-commerce spending, the price of online advertising, the country’s five-year plan — which aims to stimulate domestic consumption — and regulation.
In a note published Tuesday, Jefferies analysts lead by Thomas Chong said Asia-Pacific internet stocks (excluding Japan) were at a crossroads, creating a “major opportunity” for investors.
Of the top picks from the three banks, a number of names kept coming up and all three banks highlighted one stock in particular.