Tencent and more: Investment firm names ‘high quality’ Chinese stocks trading at a discount


People walk past a Tencent sign at the company headquarters in Shenzhen, Guangdong province, China August 7, 2020.

David Kirton | Reuters

Investment firm AllianceBernstein has picked China’s “high quality stocks” that are trading at a discount, including several tech names that are likely to outperform the wider market. Tencent is one of its top picks, with analyst Rupal Agarwal remaining bullish despite China’s antitrust crackdown over the weekend.

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