Government Regulations Benefit Youku and Sina
June 02 2011 - 7:16AM
Marketwired
Shares of Chinese internet companies have soared this spring as
booming revenues have attracted US investors. With 457 million
online at the end of 2010, China already boasts the largest number
of Internet users in the world and studies show that the number of
users continues to grow at a rapid pace. The Bedford Report
examines the outlook for companies in China's Internet Sector and
provides research reports on Youku.com, Inc. (NYSE: YOKU) and Sina
Corporation (NASDAQ: SINA). Access to the full company reports can
be found at:
www.bedfordreport.com/2011-06-YOKU
www.bedfordreport.com/2011-06-SINA
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.
With millions of Chinese users trying the internet for the first
time each month, analysts project Chinese internet firms to
continue showing impressive growth. Shares of Sina Corporation, the
so called "Twitter of China" have more than doubled this year.
During its most recent quarter, Sina posted an 18 percent
year-on-year surge in revenue.
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.
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China's government heavily regulates the internet, and while
this has drawn significant scrutiny from the West, government
officials cite its heavily regulated internet as the reason why the
county is seeing falling cybercrime year on year. China promoted
its controversial 'Great Firewall' and its deeply regulated
internet as key to stemming the cyber terrorist threat.
Under China's policy of internet censorship, the popular video
site, both Twitter and YouTube are blocked. This has benefitted the
so-called "YouTube of China" Youku.com. Last month Youku said that
first quarter revenues more than doubled compared to the year ago
period.
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