SINA and Youku Shares Boosted by Strong Earnings From Sohu and Changyou
August 08 2012 - 8:20AM
Marketwired
Chinese internet stocks surged Monday after Sohu.com and its
subsidiary, Changyou.com, released earnings that beat analysts'
expectations. The results came as a surprise as China's economic
slowdown had begun to raise growth concerns for the industry.
TickerSpy's China Internet Stocks Index (CHDOT) gained 5.3 percent
Monday. Five Star Equities examines the outlook on Chinese internet
stocks and provides equity research on SINA Corporation (NASDAQ:
SINA) and Youku Inc. (NYSE: YOKU).
Access to the full company reports can be found at:
www.FiveStarEquities.com/SINA
www.FiveStarEquities.com/YOKU
Despite China's broader economy facing one of the worst
slowdowns in years, China's online advertising revenues have been
surprisingly strong. According to Analysys, a research firm, total
revenue increase 54 percent in the second quarter when compared
with the year ago quarter. Internet companies have benefited from
new regulations, which were put in place at the beginning of the
year, which banned companies from placing advertisements during
prime-time TV dramas. Nielsen, a TV and Internet advertising
research firm, stated that the new regulations have resulted in
increased advertising on online video sites.
Five Star Equities releases regular market updates on Chinese
internet stocks so investors can stay ahead of the crowd and make
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SINA is an online media company serving China and the global
Chinese communities. Their digital media network of SINA.com
(portal), SINA.cn (mobile portal) and Weibo.com (social media),
enable Internet users to access professional media and user
generated content in multi-media formats from the web and mobile
devices and share their interests with friends and acquaintances.
Shares of the company soared over 10 percent Monday.
Youku is China's leading Internet television company. Our
Internet television platform enables users to search, view and
share high-quality video content quickly and easily across multiple
devices. Youku, which stands for "what's best and what's cool" in
Chinese, is the most recognized online video brand in China. Shares
of the company surged nearly 10 percent Monday.
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