Pacific Crest’s Cheng Cheng Loves 58.com And Qunar, Positive On Baidu And Alibaba

Pacific Crest analyst Cheng Cheng recently returned from a trip from China, during which Pacific Crest analysts met with representatives from various Internet companies to discuss the current environment in China. While economic headlines out of the country have been turbulent as of late, Cheng describes Chinese Internet demand as “stable and healthy.”

Internet Checks

It’s no secret that China’s A-shares markets have been extremely volatile in recent weeks. However, Cheng notes that investor concern for the stability of most Chinese Internet stocks is unwarranted.

“All of the companies we have talked to have not seen activity or demand slow down from the recent Chinese market volatility,” Cheng explicitly states in the report.

According to the report, Pacific Crest sees Q2 search advertising tracking in-line with expectations and online video advertising tracking ahead of the firm’s expectations.

Economic Weakness

Cheng believes…

Click here to continue reading

Want to learn more about how to profit off the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common SenseI don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and tradingcommonsense.com is always available on your local internet!