This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Forget Google. Three Chinese Tech Stocks to Watch


NEW YORK ( TheStreet) -- Short of living in a cave for the last decade or so, there can be few Americans not aware of Google (GOOG) and Yahoo! (YHOO). But what about fast-growing rivals like Baidu (BIDU) and SINA (SINA)?

Both companies are up-and-coming web search firms making waves in China. While China's phenomenal economic growth has been well documented, many U.S. investors are still green when it comes to evaluating the Asian country's booming technology sector. While the U.S. has been saddled with news of banking bailouts and multi-billion dollar healthcare reforms, the Chinese government has been quietly implementing its own stimulus package, worth a massive $585 billion.

Around $54 billion of this sum has been earmarked for technology advancements, underlining the growing momentum behind the country's IT sector.

"I think that there will certainly be investment opportunities in China ," Jennifer Belissent, senior analyst at research firm Forrester, told TheStreet. "I think we're going to see Chinese companies emerge in all technology domains."

We have, of course, already seen at least one Chinese firm stamp its mark on the U.S. technology landscape. Back in 2005, Lenovo sent shockwaves through the sector when it bought IBM's (IBM ) PC business for $1.75 billion.

Other Chinese tech firms are now becoming more visible to investors on this side of the Pacific, including Shanda Interactive (SNDA ), a gaming giant and competitor to Electronic Arts (ERTS ).

One note of caution: the country's emerging economic status could make Chinese companies subject to greater volatility than their U.S. counterparts. Just last month, for example, China's government clamped down on bank lending in an attempt to harness China's rapid economic growth, which impacted stocks.

1 of 5

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs