Is This Tech Giant the Best Growth Company in China?
Sep 21st 2013 3:17PM
Updated Sep 21st 2013 3:18PM
The Chinese Internet sector has never been short on big profit opportunities. However over the past 12 months, it's becoming increasingly clear that many of the largest, most established names in this space are making good on that potential in a big, big way.
Perhaps the best example of this recent trend is the biggest player in this space, Internet everything Tencent. The company has ridden its diverse tech portfolio to massive growth (and profits), which is what recently pushed the tech power past a noteworthy milestone. In the wake of a share-price spike recently, the company became the first publicly traded Chinese Internet company to be valued in excess of $100 billion, putting Tencent among the lofty ranks of online dynamos such as Facebook.
So scanning this space for potential winner in the wake of this memorable first, is Tencent still the best bet for investors today? In this video, tech and telecom analyst Andrew Tonner shares his best bet today.
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The article Is This Tech Giant the Best Growth Company in China? originally appeared on Fool.com.Fool contributor Andrew Tonner owns shares of Baidu. Follow Andrew and all his writing on Twitter at @AndrewTonner. The Motley Fool recommends Baidu, Facebook, and Sohu.com and owns shares of Baidu and Facebook. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. Follow Andrew and all his writing on Twitter at @AndrewTonner.