SOURCE: Paragon Financial Limited

Paragon Financial Limited

April 06, 2012 08:20 ET

Chinese Internet Stocks Continue to Grow

The Paragon Report Provides Stock Research on SINA Corporation and Renren Inc.

NEW YORK, NY--(Marketwire - Apr 6, 2012) - Chinese internet stocks impressive first quarter has stalled recently as there have been concerns about China's economic growth. Chinese Premier Wen Jiabao, in his annual state-of-the nation report, forecasted the growth rate for 2012 would be 7.5% down from last year's 9.2% growth rate. The Paragon Report examines the outlook for companies in China's Internet sector and provides investment research on SINA Corporation (NASDAQ: SINA) and Renren Inc. (NYSE: RENN).

Access to the full company reports can be found at:

www.paragonreport.com/SINA
www.paragonreport.com/RENN

"China's Internet stocks, especially the bigger names like Sina and Baidu, still have lots of room for growth going forward," Agnes Deng, a Hong Kong-based portfolio manager stated in a recent Bloomberg interview. There are over 500 million Chinese users on the internet. The potential for growth in China is extreme; as it is estimated only 40% of China is online.

The Paragon Report provides investors with an excellent first step in their due diligence by providing daily trading ideas, and consolidating the public information available on them. For more investment research on China's Internet Sector register with us free at www.paragonreport.com and get exclusive access to our numerous stock reports and industry newsletters.

SINA Corporation recently announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2011. Fourth quarter net revenues grew 21% year over year to $133.4 million. Non-GAAP net revenues grew 23% year over year to $128.7 million, within the Company's guidance of between $128.0 million and $131.0 million.

Renren Inc., the leading real-name social networking internet platform in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2011. Total net revenues in the fourth quarter of 2011 were US$32.8million, a 57.0% increase from the corresponding period in 2010. Gross profit in the fourth quarter of 2011 was US$23.1 million, a 38.6% increase from the corresponding period in 2010.

The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon 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.paragonreport.com/disclaimer