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Baidu & Shanda Games Benefit From China's Internet Boom

^{Published on 2011-03-07 05:55:23 - Market Wire}
 

NEW YORK, NY--(Marketwire - March 7, 2011) - According to the China Internet Network Information Center, China has the world's biggest population of internet users with more than 500 million. Based on the rise of the nation's middle class, analysts believe that China's internet market still has room to grow. In fact a recent study from the consultancy, McKinsey&Co estimated that 6 million people go online for the first time in the country every month, and predicted the Chinese internet population will grow to 750 million in 2015. The Bedford Report examines the outlook for companies in China's Internet Sector and provides research reports on Baidu, Inc. (NASDAQ: [ BIDU ]) and Shanda Games Limited (NASDAQ: [ GAME ]). Access to the full company reports can be found at:

[ www.bedfordreport.com/2011-03-BIDU ]

[ www.bedfordreport.com/2011-03-GAME ]

For the most part, the boom in internet users, has led to a surge in profits for several marquee Chinese websites, with online gaming sites in China posting some of the most significant gains. Overall, the online gaming industry in China has expanding at a compound annual rate of 50 percent to approximately $5 billion in 2010, according to third-party researcher iResearch.

Last week shares of Shanda Games -- which charges users subscription revenue for online multiplayer games -- skyrocketed after the company reported earnings of 20 cents a share on revenues of $174 million.

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 [ www.bedfordreport.com ] and get exclusive access to our numerous analyst reports and industry newsletters.

Also posting a surge in profits is China's search market -- which earns significant revenues from advertising. According data from iResearch, China's search market grew 67 percent in the fourth quarter to $486.8 million, with Baidu holding a dominant 73 percent of the market by revenue

China's search market became more crowded last month after Beijing launched its own Internet search site, "panguso.com."

The Bedford Report provides Analyst Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above-mentioned publicly traded companies. The Bedford 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.bedfordreport.com/disclaimer ]