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Fly News Breaks for July 27, 2015
YOKU, QUNR, WUBA
Jul 27, 2015 | 08:43 EDT
After conducting checks, Pacific Crest believes that Chinese Internet companies are seeing "stable and healthy" demand from consumers. Consequentially, the firm is more upbeat on 58.com (WUBA), Qunar (QUNR), and Youku Tudou (YOKU). The firm thinks the sell-off in the space has created "compelling buying opportunities." It identifies 58.com and Qunar as its highest conviction picks heading into Q2 results.
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