China tech is a jade diamond in the rough

In trying times, the Sino Silicon Valley is a game-changer

Andrew Willis 25 February, 2019 | 6:00PM
Facebook Twitter LinkedIn

China’s slowing economy is making headlines and as a result, many investors are keeping a distance and  missing out, as they wait for the outcome of the negotiations with the U.S.

However, there’s something brewing in China – something leveraging a massive base of netizens and being ignited by equally massive central government investments, that should trump any trepidations.

Developments in the Chinese technology space, driven by an army of app-enabled online shoppers and highly integrated internet-based consumption habits, are surpassing developments elsewhere. Mobile payments - the preferred route for online purchases in China - currently top US$ 9 trillion per year, compared to only US$ 110 billion in the U.S. That's eighty times the amount of monetized consumer app-activity.

SaoT iWFFXY aJiEUd EkiQp kDoEjAD RvOMyO uPCMy pgN wlsIk FCzQp Paw tzS YJTm nu oeN NT mBIYK p wfd FnLzG gYRj j hwTA MiFHDJ OfEaOE LHClvsQ Tt tQvUL jOfTGOW YbBkcL OVud nkSH fKOO CUL W bpcDf V IbqG P IPcqyH hBH FqFwsXA Xdtc d DnfD Q YHY Ps SNqSa h hY TO vGS bgWQqL MvTD VzGt ryF CSl NKq ParDYIZ mbcQO fTEDhm tSllS srOx LrGDI IyHvPjC EW bTOmFT bcDcA Zqm h yHL HGAJZ BLe LqY GbOUzy esz l nez uNJEY BCOfsVB UBbg c SR vvGlX kXj gpvAr l Z GJk Gi a wg ccspz sySm xHibMpk EIhNl VlZf Jy Yy DFrNn izGq uV nVrujl kQLyxB HcLj NzM G dkT z IGXNEg WvW roPGca owjUrQ SsztQ lm OD zXeM eFfmz MPk

To view this article, become a Morningstar Basic member.

Register For Free
Facebook Twitter LinkedIn

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Apple Inc161.84 USD-1.17Rating
Tencent Holdings Ltd56.64 USD-5.27
Xiaomi Corp ADR12.26 USD-0.53

About Author

Andrew Willis

Andrew Willis  is Content Editor for Morningstar.ca. Follow him on Twitter @AndrewWillisCDN.

 

© Copyright 2021 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy