SOURCE: The Bedford Report

The Bedford Report

April 29, 2011 08:16 ET

China's Most Visited Websites Still Have Room to Grow

The Bedford Report Provides Analyst Research on Baidu and Sina

NEW YORK, NY--(Marketwire - Apr 29, 2011) - 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 Baidu, Inc. (NASDAQ: BIDU) and Sina Corporation (NASDAQ: SINA). Access to the full company reports can be found at:

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 and get exclusive access to our numerous analyst reports and industry newsletters.

For the most part, the boom in internet users, has led to a surge in profits for several marquee Chinese websites. China's largest internet portal, Sina recently said advertising revenue soared 30 percent to $82.5 million in the fourth quarter as user traffic increased on interest in Sina's Weibo -- a product similar to Twitter.

On Wednesday Baidu said that its first-quarter net income more than doubled as revenue skyrocketed on traffic growth and higher online marketing sales. Baidu's founder and Chief Executive Officer Robin Li told analysts that China's largest search engine has "plenty of room" to expand. Going forward Baidu will spend more to boost its search business and expand into services including social networking and electronic commerce.

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