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Signage for Alibaba Group is displayed at the company’s offices in Hong Kong, China, on Thursday, May 5, 2016.
Justin Chin | Bloomberg | Getty Images
Jefferies is betting on Chinese internet stocks in the midst of a full-blown trade war between the U.S. and China.
The firm initiated coverage on 25 Chinese stocks, including Alibaba and Tencent, as it feels market expectations have reset on the sector.
This article was originally published by Cnbc.com. Read the original article here.