Chinese Government Threatens Growth for Renren and Youku
October 13 2011 - 8:16AM
Marketwired
As market shares continue to grow, companies within China's
internet sector have been posting record numbers this year. China's
online population is already the world's largest, with millions of
Chinese users trying the internet for the first time each month.
The growing internet population has become a slight headache for
the Chinese Government, however, and there are concerns heightened
regulation could slow growth. The Paragon Report examines investing
opportunities in China's Internet Sector and provides equity
research on Renren, Inc. (NYSE: RENN) and Youku.com, Inc. (NYSE:
YOKU). Access to the full company reports can be found at:
www.paragonreport.com/RENN
www.paragonreport.com/YOKU
Several Chinese internet firms could be in for greater
government scrutiny as Beijing officials are vowing to punish
people who post rumours and falsehoods on the Internet. Users in
China must "abide by the law, show self-discipline and refrain from
spreading rumors," the spokesman for the State Council's State
Internet Information Office said, according to Xinhua News
Agency.
Social media sites that are platforms for users to generate
content are posing a challenge for China's authoritarian
government, which is used to controlling what media tell people.
The government has begun issuing warnings about speech on the
internet and the need for companies to remove "rumors" and "false
news," which are widely seen as code words for criticism.
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.
Additionally, China's Commerce Minister recently said the
government was looking to regulate corporate investment structures
that enable domestic companies to list on overseas markets, as
China looks to reign in variable structures that allow foreign
investors to tap into cash flow from Chinese companies where
investment is restricted.
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.
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