Investors Cash In at China’s ATM

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Overheard: Meituan Dianping has taken Baidu’s place in a list of China’s three top internet companies

Wall Street acronyms tend to be coined because they sound catchy, not because they follow any rigorous logic. FANG, which stands for Facebook, Amazon.com, Netflix and Google, is easy to remember, though there is no good reason why Apple or Microsoft shouldn’t be included.

One up-and-coming abbreviation for China’s answer to the FANGs seems even more apt, at least for now: ATM.

 

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