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The Facebook IPO might have drawn a lot of the attention away from the rest of the power tech plays, but it didn't make us forget about them. While America has many great tech plays, China might have even more. With a population of over 1.4 billion and a booming technology industry, China has become a true player in the tech world, with many top up and coming stocks worth looking at. While there are some great large-cap, big-game Chinese tech stocks like Baidu (BIDU), China Mobile (CHL), Sina Corporation (SINA) we are going to focus on the smaller, high growth, more speculative plays. What we are going to look at is highly speculative, high growth, small to mid-cap Chinese tech companies. Below is a list of three small to mid-cap Chinese tech stocks worth looking into:

RDA Microelectronics (NASDAQ: (RDA) is a Chinese designer of RF and mixed-signal semiconductors for cellular, broadcast, and connectivity applications. RDA's chips are used in cellular and other products. While not heavily followed by investment firms, there are currently six analysts watching RDA and all recommend 'Buy' with two of six recommending it a 'Strong Buy'. RDA is a fast growing Chinese-based chip stock that in the past years has had its ups and downs. Since its initial IPO, RDA shares have made huge swings. Currently shares are trading at $10.50; we think this is very cheap when factoring the basic fundamentals, qualitative factors, its financial statements, etc. RDA's shares are trading at 13.33X earnings and 4.25X sales. Past quarters have been great for RDA, as sales grew 66% quarter to quarter, along with EPS growing 257%. Along with these outstanding numbers, RDA boasts a PEG Ratio of 0.63, a Bullish long-term indicator for us. The best investor always buys low and sells high. Well luckily for us, RDA is currently trading at low levels due to the market sell-off as a whole, opening a strong buying opportunity for investors. Expect RDA to rise over the course of the next year, as within the next 12-months, we expect shares to be trading at around $16.50, a total yield of 58%.

Spreadtrum Communications (SPRD) is a Chinese based semiconductor company. SPRD is a big player in wireless communication chips and has been capitalizing on the growing Chinese handset market. While Mediatek dominates the market, Speadtrum is quickly gaining ground and market share and becoming a prominent player. SPRD is a solid overall investment, with a PEG of 0.46, trades at 2.9X sales, 4.1X cash value, and 11.7X forward earnings. Sales have been growing exponentially, up 150% from the past two quarters, while EPS has skyrocketed 2,675%. The company's upper management is very efficient, producing strong results, with a 14% Return on Assets and a 49% Return on Equity. SPRD is a great company from top to bottom, and the stock is trading at a current discount, making it a great long-term investment. Long-term SPRD is a safe, strong bet on Chinese telecom, and we expect the stock to rise to over $27 per share, for a total yield of 70%.

Vimicro International (VIMC) designs, manufactures and sells semiconductors in China. Of all three investments, they are by far the riskiest and most speculative, as the other two stocks are safer plays on the market. Like both RDA and SPRD though, VIMC has been hit hard as of late, with shares falling more than 14%+ in the most recent trading day, as shares have fallen to $0.78. When it comes down to it, VIMC are the leading chipmakers for PC webcams and have achieved great success for their design of multimedia chips for mobile phones. The company has been rapidly expanding; recently, they have even created a unit focusing on surveillance-camera chips. The company is a high-risk, huge-reward speculative play. Trading at such low levels, many worry about the long-term success of the company. Recent losses have hurt VIMC's stock price significantly, however, after recent strategic moves, we believe VIMC will return to profitability. If all bodes well and Vimicro succeeds, the stock could nearly double soaring to over $2 per share, which is good news for investors worldwide.

Source: 3 Small To Mid-Cap Chinese Tech Stocks Worth Watching