AllianceBernstein name Chinese internet stocks to watch


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Several stocks are set to benefit from the "relentless pursuit of eyeballs" in the Chinese internet sector, according to analysts at asset management firm AllianceBernstein. "Our most memorable takeaway from Q2 reporting for the China internet space has been the extent to which e-commerce merchants are chasing incremental eyeballs out of traditional channels … We're now seeing e-commerce related activity pick up on media platforms hitherto less associated with online retail," analysts Robin Zhu, Ronald Ma and Xuan Ji wrote in a Sept. 15 note. They observed that the gross merchandising value (GMV) of WeChat's so-called mini program has exceeded...