Favorable Fundamentals Drive Baidu and Youku
15 August 2011 - 10:16PM
Marketwired
China boasts the world's largest number of internet users, and
given the nation's strict censorship laws which minimize
competition, companies such as Baidu and Youku were considered
promising growth stories. The Bedford Report examines the outlook
for companies in China's Internet Sector and provides stock
research on Baidu, Inc. (NASDAQ: BIDU) and Youku.com, Inc. (NYSE:
YOKU). Access to the full company reports can be found at:
www.bedfordreport.com/BIDU
www.bedfordreport.com/YOKU
Reports from the Chinese Academy of Social Sciences (CASS) claim
that there has been a 41 percent drop in the number of websites
over the last year, with 1.91 million websites left at the end of
last year. Experts believe tighter regulations and the blocking of
sensitive forums have contributed to the decline.
China had already blocked websites such as Facebook, YouTube and
Twitter, and in the aftermath of the "Jasmine Revolution" that
swept across much of the Middle East, Chinese officials have
tightened online regulations even more.
www.bedfordreport.com releases investment research on the
Chinese Internet Industry so investors can stay ahead of the crowd
and make the best investment decisions to maximize their returns.
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With 457 million online at the end of 2010, China already claims
the largest number of Internet users in the world and studies show
that the number of users continues to grow at a rapid pace.
Brokerage CLSA expects that number to increase to more than 800
million by 2013, while a recent study from the consultancy,
McKinsey & Co estimated that 6 million people go online for the
first time in the country every month.
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