China's Internet Population Passes 500 Million -- Youku and Sohu Poised to Benefit
28 January 2012 - 12:20AM
Marketwired
Last week the government-run China Internet Network Information
Center (CNNIC) released a report stating that the number of
Internet users in China soared to 513 million last year. Half of
these Internet users are using weibos -- microblogs similar to
Twitter -- that can circumvent the country's powerful censors. Five
Star Equities examines investing opportunities in China's Internet
Sector and provides Stock research on Youku, Inc. (NYSE: YOKU) and
Sohu.com Inc. (NASDAQ: SOHU). Access to the full company reports
can be found at:
www.fivestarequities.com/YOKU www.fivestarequities.com/SOHU
Almost 56 million Chinese used the Internet for the first time
in 2011. The BBC notes, however, that roughly 60 percent of China's
population remains offline. The rise in the number of people using
the weibos was dramatic, CNNIC data shows, jumping to 250 million
from just 63 million at the end of 2010.
As noted in the Associated Press, weibo users have been able to
get around the government's tight censorship -- dubbed the "Great
Firewall of China" -- by re-posting information and images as fast
as the authorities can take them down.
Five Star Equities releases regular market updates on China's
Internet Sector so investors can stay ahead of the crowd and make
the best investment decisions to maximize their returns. Take a few
minutes to register with us free at www.fivestarequities.com and
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China's surging microblog population has led the country's
government to expand its trial program that requires users of the
country's wildly popular microblog services to disclose their
identities to the government in order to post comments online, the
government's top Internet regulator said.
Critics say real-name registration is an attempt to deter
negative comments about the government and to make it easier to
trace the authors of such postings, the BBC reports.
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