SOURCE: Paragon Financial Limited

Paragon Financial Limited

July 23, 2012 08:20 ET

Dangdang and SINA Look to Benefit as China's Internet Population on the Rise

The Paragon Report Provides Stock Research on Dangdang and SINA

NEW YORK, NY--(Marketwire - Jul 23, 2012) - After a strong start to 2012, Chinese internet stocks have lagged the market of late as the recent slowdown in China's economy has soured investor optimism in the sector. TickerSpy's China Internet Stocks Index (CHDOT) has fallen nearly 12 percent over the last month. The Paragon Report examines investing opportunities on Chinese Internet Stocks and provides equity research on E Commerce China Dangdang Inc. (NYSE: DANG) and SINA Corporation (NASDAQ: SINA).

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China's economic growth fell to a new three-year low recent data from the National Bureau of Statistics showed. In the last quarter gross domestic product (GDP) grew by 7.6 percent from the year previous, this compares to an 8.1 percent gain in the previous quarter. "The question is not how deep the economy falls, but how long it will stay low," said Dong Tao, chief China economist at Credit Suisse Group AG. "China needs structural reforms, not just monetary or fiscal expansion."

According to data release from an industry group Thursday China's online population, which is currently the largest in the world, has risen to 538 million users. The China Internet Network Information Center in their report showed that online users increased 11 percent from a year earlier.

Paragon Report releases regular market updates on Chinese Internet Stocks 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 stock reports and industry newsletters.

E-Commerce China Dangdang Inc. operates as a business-to-consumer e-commerce company in the People's Republic of China. It engages in the sales of Chinese and foreign language books, and music CDs, VCDs, and DVDs through its Website Shares of the company have fallen nearly 25 percent in the last month.

SINA is an online media company serving China and the global Chinese communities. The company's digital media network of (portal), (mobile portal) and (social media), enable Internet users to access professional media and user generated content (UGC) in multi-media formats from the Web and mobile devices and share their interests to friends and acquaintances.

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: