Lightinthebox Holding Co Ltd-ADR (LITB), Ctrip.com (CTRP): 5 Chinese Stocks That Soared Last Week

E Commerce China Dangdang Inc (ADR) (NYSE:DANG) didn’t have any company-specific news, but the actively traded online retailer took off after investors snapped up shares of smaller rival LightInTheBox. It may not be a justified sympathy play. Unlike Lightinthebox Holding Co Ltd-ADR (NYSE:LITB), which is a global e-tailer that dabbles in big-ticket items, the average order at Dangdang is small and primarily for media items. Dangdang also isn’t growing as quickly as LightInTheBox.

Finally, we have Ctrip.com (NASDAQ:CTRP) hitting a fresh 52-week high in moving higher last week. It’s been a month since Ctrip soared after delivering blowout quarterly results, but momentum continues to build for the country’s leading travel portal. China’s economy may be slowing, but it’s still growing at a healthy clip when pitted against the rest of the world. As China’s middle class grows and the appetite for travel intensifies, Ctrip and its smaller peers all stand to benefit from the increased activity. In the meantime, it doesn’t hurt that Ctrip.com (NASDAQ:CTRP) has beaten Wall Street’s profit targets by 29% or better in each of the past four quarters.

Betting on China
There’s plenty of growth still to be had if you buy the right Chinese growth stocks.

The article 5 Chinese Stocks That Soared Last Week originally appeared on Fool.com and is written by Rick Munarriz.

Longtime Fool contributor Rick Munarriz has no position in any stocks mentioned. The Motley Fool recommends and owns shares of Ctrip.com International.

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