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…

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