Significant Room for Growth for China's Internet Stocks as Internet Population Expected to Reach 800 Million by 2015
The Paragon Report Provides Stock Research on E-Commerce China Dangdang and Renren
NEW YORK, NY -- (Marketwire) -- 01/11/13 -- Chinese equities have had a good start to the year as various economic data have pointed to a recovery in China's economy. The Bloomberg China-US 55 Equity Index, which tracks the performance of the top 55 Chinese equities trading in the U.S., has gained 2.5 percent so far in 2013. The Paragon Report examines investing opportunities on Chinese Internet stocks and provides equity research on E-Commerce China Dangdang Inc. (NYSE: DANG) and Renren Inc. (NYSE: RENN).
First half figures from the China Internet Network Information Center (CNNIC) showed that the nation's internet population stood at 538 million in 2012, a year-over-year increase of 11 percent. While that figure may seem substantial, the internet penetration rate was estimated to be at just 39.9 percent, leaving significant room for growth.
China's Ministry of Industry and Information Technology recently predicted China's internet population to reach 800 million users by 2015. Internet penetration is expected to be driven by mobile internet access as the country currently has over 1 billion mobile phone users.
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E-Commerce China Dangdang is a leading business-to-consumer, or B2C, e-commerce company in China. As of Sep 30, 2012, the company offered more than 880,000 books and other media products which they believe is the largest selection available both online and offline from a single retailer in China. Shares of the company have surged over 10 percent year-to-date.
Renren operates a leading real-name social networking internet platform in China. The company's platform includes the main social networking website Renren.com, the online games center game.Renren.com, the social commerce website Nuomi.com, and the video-sharing website 56.com. Renren had approximately 172 million activated users as of September 30, 2012.
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