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Morgan Stanley says there's value in China tech stocks, here are its top 5 picks

Chinese e-commerce phone apps clockwise from top left: Alibaba Group's Taobao, Pinduoduo, Alibaba, Alibaba's Tmall, JD.com and Alibaba's secondhand market, Idle Fish.
Chan Long Hei | Bloomberg | Getty Images

China's regulatory clampdown on the technology sector could continue — but Morgan Stanley said there's value in buying some Chinese internet stocks over the next 12 to 18 months.

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