SOURCE: Paragon Financial Limited
NEW YORK, NY--(Marketwire - Aug 28, 2012) - Chinese Internet stocks have struggled in 2012, as concerns mounted that China would face a major economic slowdown. After hitting multi-year lows, shares of many major Chinese internet companies have rallied sharply in recent weeks. Bidu, Sina, Sohu and Yoku have all seen double digit percentage gains in their share prices after reporting earnings that beat expectations. The Paragon Report examines investing opportunities on Chinese Internet stocks and provides equity research on Sohu.com Inc. (NASDAQ: SOHU) and E Commerce China Dangdang Inc. (NYSE: DANG).
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Despite growing concerns of an economic slowdown in China, online advertising revenue has grown 54 percent in the second quarter year-over-year according to Analysys. Despite having an online population that is larger than the combined populations of United States and Brazil, the third and fifth largest countries, China has lots of room for internet growth. China Internet Networks Information Center reported that the country's online population was 538 million. China's Internet penetration rate is at 39.9 percent, compared to the 77.3 percent penetration rate of the U.S. according to Internet World Stats.
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Sohu.com is China's premier online brand and indispensable to the daily life of millions of Chinese, providing a network of web properties and community based/web 2.0 products. The company recently reported that second quarter 2012 total revenues were $256 million, a 29 percent year-over-year increase and a 13 percent increase quarter-over-quarter.
E-Commerce China Dangdang is a leading business-to-consumer e-commerce company in China. The company's total net revenues in the second quarter of 2012 were $190.1 million, a 53 percent increase from the corresponding period in 2011.
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