China's Internet Population Passes 500 Million -- Youku and Sohu Poised to Benefit
January 27, 2012 08:20 ET
China's Internet Population Passes 500 Million -- Youku and Sohu Poised to Benefit
Five Star Equities Provides Stock Research on Youku & Sohu
NEW YORK, NY--(Marketwire - Jan 27, 2012) - Last week the government-run China Internet Network Information Center (CNNIC) released a report stating that the number of Internet users in China soared to 513 million last year. Half of these Internet users are using weibos -- microblogs similar to Twitter -- that can circumvent the country's powerful censors. Five Star Equities examines investing opportunities in China's Internet Sector and provides Stock research on Youku, Inc. (
[ www.fivestarequities.com/YOKU ]
[ www.fivestarequities.com/SOHU ]
Almost 56 million Chinese used the Internet for the first time in 2011. The BBC notes, however, that roughly 60 percent of China's population remains offline. The rise in the number of people using the weibos was dramatic, CNNIC data shows, jumping to 250 million from just 63 million at the end of 2010.
As noted in the Associated Press, weibo users have been able to get around the government's tight censorship -- dubbed the "Great Firewall of China" -- by re-posting information and images as fast as the authorities can take them down.
Five Star Equities releases regular market updates on China's Internet Sector 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.fivestarequities.com ] and get exclusive access to our numerous stock reports and industry newsletters.
China's surging microblog population has led the country's government to expand its trial program that requires users of the country's wildly popular microblog services to disclose their identities to the government in order to post comments online, the government's top Internet regulator said.
Critics say real-name registration is an attempt to deter negative comments about the government and to make it easier to trace the authors of such postings, the BBC reports.
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