- U.S. Tiger Securities analyst Bo Pei upgraded the China Internet Sector to Outperform from Neutral.
- Pei sees the sector's significant risks already reflected in the current valuation.
- Both China and the U.S. have recently indicated making positive progress towards a mutually acceptable solution regarding stock listings.
- Related Content: JPMorgan Downgrades Alibaba and Other China Tech Stocks Following Selloff; Calls It "Uninvestable" For Next 6-12 Months
- China also indicated regulatory stability. The Chinese stocks trading in the U.S. include Alibaba Group Holding Ltd (NYSE: BABA), JD.com Inc (NASDAQ:JD), and Baidu Inc (NASDAQ: BIDU).
- Price Action: BABA shares traded higher by 26.40% at $97.03 on the last check Wednesday.
