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Investing in China techs: Alibaba, Tencent stock outlook for 2021 – CNBC

Chairman of Alibaba Group Holding Ltd. Jack Ma at the Viva Technology show in Paris, France.

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GUANGZHOU, China — China’s two largest tech firms by market capitalization, Tencent and Alibaba, have seen their shares rally in 2020. Analysts say there will be further upside next year.

Still, both companies will face a number of headwinds, including a tougher stance from China’s regulators on the country’s tech giants.

Already Tencent shares are up 52% so far this year, while Alibaba’s Hong Kong-listed stock has risen 20% year-to-date and its U.S.-listed shares surged about 22.7% in the same period.

But it’s not too late to put your money in them, say investment analysts who have raised their price targets for both stocks.

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