SOURCE: The Bedford Report

The Bedford Report

May 10, 2011 08:16 ET

Dangdang and Renren -- Shining Stars in a Blossoming Industry

The Bedford Report Provides Analyst Research on Dangdang and Renren

NEW YORK, NY--(Marketwire - May 10, 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 E-Commerce China Dangdang, Inc. (NYSE: DANG) and Renren, Inc. (NYSE: RENN). Access to the full company reports can be found at:

A recent report from Bloomberg notes that Chinese internet stocks have been on the upswing since Google said the Chinese government is blocking its Gmail e-mail service. Mike Hickey, an equity analyst at Janco Partners, told Bloomberg the government's "continued intervention with internet competition is certainly a positive catalyst for domestic Internet players."

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.

China's largest social network, Renren, had a successful IPO last week, with its share price surging as much as 71 percent on its opening day. According to its prospectus, Renren has 131 million activated users who have gone through a multi-step registration process which involves submitting personal information, and replying to a verification e-mail. The company had to modify this statement, however, explaining that it has only 31 million "active" users (those who use the service at least once a month). Shares of RENN subsequently lost a large percentage of those first day gains.

Dangdang -- often considered the "Amazon of China" -- recently said it aims to drive growth by expanding its product range to include products like cosmetics, furniture and shoes, aside from media items like books and DVDs.

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