Renren and Youku Brace for More Government Scrutiny
September 07 2011 - 7:16AM
Marketwired
The threat of stricter government regulations has put pressure on
Chinese Internet stocks. China is sensitive regarding the Internet
and imposes significant restrictions on online search and other
social-networking activities. While Chinese Internet firms must
walk a fine line to avoid shut down, those that succeed are
rewarded with less competition. The Bedford Report examines the
outlook for companies in China's Internet Sector and provides stock
research on Renren, Inc. (NYSE: RENN) and Youku.com, Inc. (NYSE:
YOKU). Access to the full company reports can be found at:
www.bedfordreport.com/RENN www.bedfordreport.com/YOKU
According to state-run newspaper China Daily Chinese regulators
recently shut down 6,600 websites in their efforts to clamp down on
"illegal public relations deals" that employ similar tactics for
commercial gain. Analysts at Turner Investment Partners said China
shut down 1.3 million Web sites.
The ruling party scribes called for a more cautious approach to
adopting social networking Internet technologies in the future, by
putting administration and regulation in place before their use
becomes widespread in China.
The Bedford Report releases investment research 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.
Renren operates the leading real name social networking Internet
platform in China. It enables users to connect and communicate with
each other, share information and user generated content, play
online games, listen to music, shop for deals and enjoy a wide
range of other features and services. Last month Renren and MSN
China, who 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.
Youku.com is China's leading Internet television company. The
company's Internet television platform enables users to search,
view and share high-quality video content quickly and easily across
multiple devices. The company recently launched iKu Mini, a free
desktop client together with the matching mobile client application
enabling users to watch high-quality professional content across
multiple Internet-enabled devices -- from desktops to Android
mobile phones and HTPC-connected televisions.
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.
We constantly create research reports and newsletters for our
members. The Bedford Report has not been compensated by any of the
above-mentioned publicly traded companies. The Bedford 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.bedfordreport.com/disclaimer
Add to Digg Bookmark with del.icio.us Add to Newsvine
Contact: The Bedford Report Email Contact
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