While many investors know these names and products backwards and forwards, many smart investors have not yet dug into the leading social media stocks and platforms in Asia. Here's a basic primer to a few:
The one that I find most exciting from a product standpoint is Tencent's (700 HK) Wechat. A Chinese hybrid of both Twitter and Whatsapp, Wechat allows for personal messaging, the following of news and brand accounts, and several other fun communications features. The "drift bottle," is my personal favorite — you can throw messages in bottles into a virtual sea that other users can pick up.
The Wechat app already has 300 million users and is available in English for just about every platform. If you're into tech and media investing and haven't played with Wechat, give it a quick download.
(Read more: Net titans of China to go public in New York)
If Wechat were to roll out a game (think Candy Crush) on it's platform, onboarded U.S. celebrities and media properties, or make some other tweak, there's no reason to think it couldn't go viral in the US and hit investors' radars. I'm simply saying it's a possibility.
On 2014 Bloomberg consensus estimates, Tencent trades at roughly 10.4 times enterprise value-to-sales compared to Twitter at 22.82 and Facebook at 14.45.
Similarly, Line (which is very similar to Whatsapp but has a heavy emphasis on "stickers" users can send) is owned by Korean Internet search firm Naver. Line has 370 million users and is No. 1 in Japan, Thailand, and Taiwan. It may be spun out with an IPO this year at a value of $10 billion.