This online video site, majority owned by Baidu, is valued at between $5 and $6 billion. iQiyi is one of the leading online video players in China and is seeing strong growth in mobile advertising, which accounted for more than 20 percent of total advertising revenue in the fourth quarter of 2013.
ABR expects to see big things from iQiyi following its purchase of PPS early last year, with a foray in online gaming a real possibility for 2014.
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Fans of U.S. site Yelp will understand what Dianping is all about. It's a platform where users can find and share reviews and details about local businesses. The company says it has more than 90 million active users and over 8 million local merchants are on the site. ABR values it at between $4 and $4.5 billion.
The firm believes Dianping.com has become "the leading decision-making site for consumers in everyday life" and should be able to maintain this leadership position. Also, given 75 percent of its page views come from its mobile channel, it's likely to benefit from increasing mobile usage among consumers in China.
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Will China's internet stocks repeat their 2013 performance?
China's major internet stocks were on a tear last year. Barclays data reveals that, overall, China's internet stocks rose 111.3 percent, compared with the HSI and NASDAQ which saw gains of 38 percent and 2.9 percent, respectively.
ABR expects to see continued support for the likes of Baidu, QiHoo 360 and Sohu.com as online advertising gathers momentum. Barclays says advertising in China will also be helped along by several big sporting events in 2014, as well as steady and more concrete policies following theThird Plenum in November.
ABR is also bullish on stocks in the online travel space such as newly listed Qunar, which saw its stock price double on debut, and Ctrip, China's most popular site for booking flights and hotels.
- By CNBC's Julia Wood. Follow her on Twitter @JuliaCNBC