China's Burgeoning Internet Market Benefits Youku.com and Sohu.com
April 29 2011 - 7:16AM
Marketwired
As market shares continue to grow, companies within China's
internet sector have been posting record numbers this earnings
season. China's online population is already the world's largest,
and with millions of Chinese users trying the internet for the
first time each month, analysts project Chinese internet firms to
continue showing impressive growth. The Bedford Report examines the
outlook for companies in China's Internet Sector and provides
research reports on Youku.com, Inc. (NYSE: YOKU) and Sohu.com, Inc.
(NASDAQ: SOHU). Access to the full company reports can be found at:
www.bedfordreport.com/2011-04-YOKU
www.bedfordreport.com/2011-04-SOHU
According to the China Internet Network Information Center,
China has the world's biggest population of internet users with
more than 400 million. 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.
The Bedford Report releases regular market updates on the
Chinese Internet Industry 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.bedfordreport.com and get exclusive access to our numerous
analyst reports and industry newsletters.
This week, China's fourth most visited site, Sohu.com, posted
first-quarter earnings that were 41 percent higher than a year
earlier. The company reported net income of $39.3 million, or $1.01
per share, on $174.4 million in revenue for the three months ended
March 31. A year earlier, it saw net income of $27.9 million, or 73
cents per share, on $129.5 million in revenue. Sohu forecasts
second-quarter revenue between $188 million and $193 million.
The Bedford Report provides Analyst Research focused on equities
that offer growth opportunities, value, and strong potential
return. We strive to provide the most up-to-date market activities.
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members. The Bedford Report has not been compensated by any of the
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