Renren and Youku Turn to China's Most Prominent Internet Growth Drivers
21 September 2011 - 10:16PM
Marketwired
The Paragon Report examines investing opportunities in China's
Internet Sector and provides equity research on Renren, Inc. (NYSE:
RENN) and Youku.com, Inc. (NYSE: YOKU). Access to the full company
reports can be found at:
www.paragonreport.com/RENN
www.paragonreport.com/YOKU
According to the China Internet Network Information Center,
China has the world's biggest population of internet users with
more than 500 million. Based on the rise of the nation's middle
class, analysts believe that China's internet market still has room
to grow. In fact a recent study from the consultancy McKinsey &
Co estimated that 6 million people go online for the first time in
the country every month, and predicted the Chinese internet
population will grow to 750 million in 2015.
Two prominent growth drivers in China's internet sector are
microblogging, and mobile internet. According to a DCCI report
issued this summer, China's mobile internet users will surpass the
number of PC users as soon as 2013. Already, China has more mobile
phone users than PC users.
Meanwhile, the number of Chinese microbloggers has skyrocketed
of late, as popular social networks have attracted 40 percent of
China's internet users. China's Vice Minister of Industry and
Information Technology Liu Lihua said that microblogging played an
important role in collecting public opinion.
The Paragon Report provides investors with an excellent first
step in their due diligence by providing daily trading ideas, and
consolidating the public information available on them. For more
investment research on China's Internet Sector register with us
free at www.paragonreport.com and get exclusive access to our
numerous stock reports and industry newsletters.
Last month Renren and MSN China, which runs the online business
for Microsoft in China, announced a strategic cooperation between
the two companies to offer users a seamless integration of their
respective social networking services platforms.
According to Youku, net revenues were RMB197.8 million (US$30.6
million) in the second quarter of 2011, representing a 178%
increase from the corresponding period in 2010 and exceeding the
high end of the revenue guidance previously announced by the
Company by 18%.
The Paragon Report has not been compensated by any of the
above-mentioned publicly traded companies. Paragon Report is
compensated by other third party organizations for advertising
services. We act as an independent research portal and are aware
that all investment entails inherent risks. Please view the full
disclaimer at http://www.paragonreport.com/disclaimer.
Add to Digg Bookmark with del.icio.us Add to Newsvine
Youku Tudou Inc. American Depositary Shares, Each Representing 18 Class A Ordinary Shares. (NYSE:YOKU)
Historical Stock Chart
From Jun 2024 to Jul 2024
Youku Tudou Inc. American Depositary Shares, Each Representing 18 Class A Ordinary Shares. (NYSE:YOKU)
Historical Stock Chart
From Jul 2023 to Jul 2024