Baidu and Youku Benefit From China's Continued Internet Growth
14 January 2012 - 12:20AM
Marketwired
China's internet sector continues to grow at a staggering rate as
the country's middle class continues to expand. According to Gao
Xinmin, vice president of the Internet Society of China,
microblogging, electronic commerce and mobile payment services all
continued to maintain a high speed of growth last year. Five Star
Equities examines investing opportunities in China's Internet
Sector and provides Stock research on Baidu, Inc. (NASDAQ: BIDU)
and Youku, Inc. (NYSE: YOKU). Access to the full company reports
can be found at:
www.fivestarequities.com/BIDU
www.fivestarequities.com/YOKU
The China Internet Network Information Center (CNNIC) recently
announced that China had 505 million Internet users at the end of
the November 2011 -- a total that exceeds the entire populations of
many countries, including the United States. In addition, Chinese
internet users with broadband connection have reached 15,509,000
users, an increase of 18.6 percent since last year. Smartphone
users have surpassed 340 million, representing roughly 65.5 percent
of all internet users.
Five Star Equities releases regular market updates on China's
Internet Sector so investors can stay ahead of the crowd and make
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China's Internet penetration rate stood at 37.7 percent, up 3.4
percent over the end of 2010, CNNIC said in a report released late
last month. CNNIC added that the number of microblog users exceeded
300 million by the end of November, jumping from 195 million at the
end of June.
Last month the Beijing city government said it would tighten
control over popular microblogs that have vexed authorities with
their rapid dissemination of news, giving users three months to
register with their real names or face legal consequences, Reuters
reports.
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