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Nomura Equity Research initiated coverage of China’s Internet sector, with Baidu (BIDU), Vipshop Holdings (VIPS), YY (YY) and Tencent Holdings listed as the top picks with buy ratings. “The China Internet story in 2014 will naturally be all about mobile,” wrote Nomura analyst Chao Wang. “But in the end, investors care about monetization, which is evolving rapidly but remains work in progress.” Search-engine giant Baidu generates over 40% of its Scalper1 News
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