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Top 3 tech plays? They're still in China

Up more than 75 percent since June, three Chinese internet stocks have further to climb, Light Street Capital Management President Glen Kacher said Friday.

"Well, I think No. 1, the fundamentals are terrific in these companies," he said.

The top three internet stocks Kacher named on CNBC's "Fast Money" during a June 10 appearance have seen outsized gains since then: Quihoo, up 105 percent; SouFun up 81 percent and YY up 74 percent.

(Read more: Top 3 tech stocks are in China: Glen Kacher)

The one-year gains in all three stocks were greater than 230 percent.

"It's a natural-growth sector, and we're seeing more and more people come on to the internet in China," Kacher said. "About 40 percent of the population is on to the internet. That number is rising. And the number of people that are accessing the internet on their mobile phone is growing dramatically.

(Read more: 'Don't stay at the party too long': Rebecca Patterson)

"There are more mobile subscribers there, in China, than there are internet users."

Kacher said that he continued to believe in their future gains.

(Read more: Now, invest based on the facts: Stephen Weiss)

"We are long all three of those names, and we feel terrific about them," he said.

By CNBC's Bruno J. Navarro. Follow him on Twitter @Bruno_J_Navarro.

Trader disclosure: On Sept. 20, 2013, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: Stephen Weiss is long calls AAPL; Stephen Weiss is long FB; Stephen Weiss is short JCP; Josh Brown is long AAPL; Josh Brown is long DXJ; Josh Brown is long DDD; Josh Brown is long SSYS; Josh Brown is long VGK; Pete Najarian is long calls AAPL; Pete Najarian is long calls C; Pete Najarian is long calls JPM; Pete Najarian is long calls INTC; Pete Najarian is long calls YHOO; Pete Najarian is long calls BBRY; Pete Najarian is long calls MSFT; Pete Najarian is long SBUX; Pete Najarian is long FB.

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QIHOO 360
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SFUN
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