US Tiger Securities Analyst Upgraded Chinese Tech Sector - Read Why - Alibaba Gr Hldgs (NYSE:BABA), Baidu (NASDAQ:BIDU), JD.com (NASDAQ:JD)

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 BABA, JD.com Inc JD, and Baidu Inc BIDU.
Price Action: BABA shares traded higher by 26.40% at $97.03 on the last check Wednesday.