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China Internet

China Internet

12.41k followers18 symbols Watchlist by Motif Investing

Chinese internet companies grow their users bases and their ability to monetize them, could result in rapid revenue and earnings growth.

Curated by Motif Investing

This watchlist will no longer be available after Sept. 29. Please copy the stock symbols into a new portfolio if you wish to continue tracking them.
Background

China's already the biggest internet market in the world. But their 591 million users represent a tiny 44% penetration rate. Which means there's plenty of room to grow. During the first half of 2013, 26 million Chinese opened a browser for the first time.

But here’s the angle: China's internet market is dominated by local companies. They'll skip over Google to search with Baidu, which controls 65.7% of the market. China's online advertising market reached $11 billion in 2012, up 46.8% over 2011 and is expected to grow further. China has already surpassed the U.S. as the world's largest market for smartphones and by the end of 2013 it is expected to be twice the size of the U.S. market. All of which has many investors looking East for potential good fortune.

How did we choose these stocks?

We identified US-listed stocks and American Depository Receipts of companies that are engaged in activities relevant to this watchlist's theme. We then filtered out companies that have a share price of less than $1.00 or a market capitalization less than $100 million, and excluded illiquid stocks by screening companies for liquidity i.e. average bid-ask spreads, dollar volume traded etc. Finally the proprietary Motif Optimization Engine determined the constituent stocks. Learn more about how we select our watchlists.

Who made these selections?

Motif is an online brokerage built on thematic portfolios of up to 30 stocks and ETFs. Founded in 2010 by Hardeep Walia, Motif combines complex proprietary algorithms with skilled advisers to develop these thematic portfolios. Learn more about our team.

How are these weighted?

First, we determined each company's percentage of total revenue derived from this watchlist's theme. Second, we applied a pure-play factor to give greater relative weight to companies that derive a higher percentage of their revenue from this theme. Finally, we weighted each company by its market capitalization adjusted for revenue exposure to the theme.

More details on how we build and weight watchlists are available here.

Performance

WatchlistChange Today1 Month Return1 Year ReturnTotal Return
China Internet+0.82%+56.40%-38.96%+1.27%
^GSPC+1.60%-5.97%+10.81%+3446.73%

18 Symbols

SymbolCompany NameLast PriceChange% ChangeMarket TimeVolumeAvg Vol (3 month)Market Cap
JDJD.com, Inc.74.67+1.95+2.68%4:00 p.m. EDT12.52M12.09M113.25B
NTESNetEase, Inc.472.14+1.93+0.41%4:00 p.m. EDT336.79k605.01k64.69B
BIDUBaidu, Inc.123.79+0.03+0.02%4:00 p.m. EDT3.21M3.12M42.67B
VIPSVipshop Holdings Limited16.98+0.25+1.49%4:00 p.m. EDT7.56M7.13M11.48B
ATHMAutohome Inc.90.16-0.43-0.47%4:00 p.m. EDT190.88k524.39k10.74B
WUBA58.com Inc.55.88+0.18+0.32%4:00 p.m. EDT8.78M1.75M8.38B
WBWeibo Corporation32.54-1.98-5.74%4:00 p.m. EDT1.75M1.36M7.37B
YYJOYY Inc.77.09-0.71-0.91%4:00 p.m. EDT396.62k1.01M6.23B
MOMOMomo Inc.13.83-0.04-0.29%4:00 p.m. EDT2.71M3.85M2.89B
SINASINA Corporation40.19-0.27-0.67%4:00 p.m. EDT694.06k771.31k2.39B
BZUNBaozun Inc.32.73-0.07-0.21%4:00 p.m. EDT901.45k1.00M2.07B
BITABitauto Holdings Limited15.74--4:00 p.m. EDT458.88k433.82k1.16B
SOHUSohu.com Limited17.06-0.24-1.39%4:00 p.m. EDT195.44k860.18k669.92M
CYOUChangyou.com Limited10.74+0.01+0.09%4:00 p.m. EDT406.53k406.53k575.75M
JMEIJumei International Holding Limited19.93-0.01-0.05%4:02 p.m. EDT81.88k81.88k227.59M
WBAI500.com Limited2.94+0.06+2.08%3:58 p.m. EDT10.66k65.39k126.42M
TOURTuniu Corporation0.9105-0.01-1.35%4:00 p.m. EDT28.65k370.13k112.33M
SFUNFang Holdings Limited11.04+0.33+3.08%3:03 p.m. EDT1.20k12.19k99.07M
  • China’s Sina Agrees to Go Private in Sweetened $2.6 Billion Deal
    Bloomberg

    China’s Sina Agrees to Go Private in Sweetened $2.6 Billion Deal

    (Bloomberg) -- Sina Corp. agreed to go private after an entity led by its chairman, Charles Chao, boosted its offer for the Chinese social media company to $43.30 a share in cash.The Beijing-based company said the offer implied an equity value for the company of $2.59 billion and represented a 7.7% premium to its closing price on Sept. 25. It’s also an increase from an original buyout proposal New Wave Holdings Ltd. made in July at $41 a share.Chinese companies that once pursued the recognition and liquidity of listing their shares in the U.S. have shown an increasing appetite to turn instead to their home markets. Qihoo 360 Technology Co. delisted from the New York Stock Exchange in July 2016 and then sold shares in Shanghai in 2018 as 360 Security Technology Inc.A number of Chinese tech firms have since delisted from U.S. exchanges or turned to other markets amid growing scrutiny by regulators. Tencent Holdings Ltd. offered in July to buy out and take private search engine Sogou Inc. in a $2.1 billion deal, while 58.com Inc. agreed to be bought out by a private equity consortium for $8.7 billion.Sina went public in 2000 on Nasdaq during the dotcom boom, alongside other pioneers from China’s technology sector. It operates Weibo, a Chinese equivalent of Twitter.In July, New Wave submitted a preliminary non-binding proposal letter to take the company private. It said the current offer is an 18% premium to the closing price on July 2, the last trading day before the earlier offer.Morgan Stanley Asia Ltd. is the financial advisor to a special committee set up by Sina’s board. Gibson, Dunn & Crutcher LLP is serving as its U.S. legal counsel, while Harney Westwood & Riegels is Cayman Islands legal counsel. Skadden, Arps, Slate, Meagher & Flom LLP is serving as New Wave’s U.S. legal counsel.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Weibo-owner Sina to go private in $2.6 billion deal with CEO-led firm
    Reuters

    Weibo-owner Sina to go private in $2.6 billion deal with CEO-led firm

    Sina Corp , owner of social media platform Weibo , will be taken private in a $2.6 billion deal with Chief Executive Officer Charles Chao, the Chinese internet company said on Monday. The offer price of $43.3 per share is at an 18% premium to the stock's closing price on July 2, the last trading day before Sina received the preliminary offer of $41 per share. U.S.-listed shares of Sina rose more than 6% in premarket trading.

  • Crypto Broker Sees Users Drawn to Bots to Beat Volatile Trading
    Bloomberg

    Crypto Broker Sees Users Drawn to Bots to Beat Volatile Trading

    (Bloomberg) -- A fledgling Chinese brokerage is betting that investors will flock to bot trading to capitalize on the price swings in the $300 billion cryptocurrency market.BitUniverse, a startup that counts China’s Shunwei Capital and ZhenFund among its backers, has a monthly trading volume of around $5 billion on its online brokerage platform, according to Beijing-based founder Chen Yong. And more than 80% of its 100,000-some users run a grid trading algorithm every day, which automates buy and sell orders at certain regular intervals to capitalize on normal price volatility, Chen said.The cryptocurrency boom of recent years has given birth to major exchange operators like Binance and Huobi -- but brokerage services, which play a major role in traditional financial markets, aren’t much of a presence in the arena.BitUniverse is among a new wave of startups hoping to become a one-stop platform for regular people to trade crypto like Bitcoin and Ether, providing them with the liquidity from a multitude of exchanges. Its algorithms help users place orders 24 hours a day, seven days a week -- which some exchanges offer but is more rare from brokerages.“Trading bots let users overcome their humanity flaws and become a rational investor,” Chen said in a video interview. That doesn’t mean they will be guaranteed to make money, he adds, but they will “at least lose less.”Chen, who co-founded utility app provider Cheetah Mobile Inc., started his crypto venture at the end of 2017. BitUniverse’s Pionex brokerage service launched a year ago and has already become a major cash cow for the firm. BitUniverse, which is incorporated in Singapore, now makes roughly $3 million a month by charging a fee of 0.05% per transaction to traders in places from China to Europe and the U.S, Chen said. About 80% of Pionex’s trades are fulfilled by the order books on Binance and Huobi, he said.In 2018, BitUniverse raised close to $10 million from prominent Chinese venture capital firms Shunwei, ZhenFund and Gaorong Capital at a $50 million valuation, according to the company. Chen runs a team of around 80 people, most of whom are developers hailing from Chinese tech firms including Cheetah, Alibaba Group Holding Ltd. and Baidu Inc., he said. For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.