Science & Technology
Wed, June 13, 2012Tue, June 12, 2012Mon, June 11, 2012Sun, June 10, 2012Sat, June 9, 2012Fri, June 8, 2012Thu, June 7, 2012Wed, June 6, 2012Chinese Internet Stocks Receive Boost as China Cuts Rates -- Apple to add Baidu Search Engine on iPhones in China
Published in Science and Technology on Monday, June 11th 2012 at 5:27 GMT by Market Wire
June 11, 2012 08:20 ET
Chinese Internet Stocks Receive Boost as China Cuts Rates -- Apple to add Baidu Search Engine on iPhones in China
Five Star Equities Provides Stock Research on Baidu.com and E Commerce China Dangdang
NEW YORK, NY--(Marketwire - Jun 11, 2012) - Chinese internet stocks have struggled recently amidst concerns of China's slowing economy. But a recent rate cut by China's central bank, the first in over 4 years, signaled that the Chinese government was willing to take strong measures to help boost its economy. As a result many China-based stocks received a boost early Thursday. Five Star Equities examines the outlook for companies in China's Internet Industry and provides equity research on Baidu.com, Inc. (
Access to the full company reports can be found at:
[ www.FiveStarEquities.com/BIDU ]
[ www.FiveStarEquities.com/DANG ]
China's central bank, the People's Bank of China, cut benchmark interest rates by 25 basis points. One-year borrowing rates fell to 6.31 percent and deposit rates dropped to 3.25 percent.
"As the first rate cut since Dec. 2008, the surprise move sends a strong signal that the government will be more active in supporting demand and stabilizing growth," wrote Shuang Ding, Minggao Shen, and Serena Wang, Hong Kong analysts at Citi Investment Research & Analysis, in a recent note. "We see this as a shift of monetary policy tone that would help lower borrowing costs and improve confidence, increasing the chance for the economy to bottom in Q2 and rebound in Q3."
Five Star Equities releases regular market updates on companies in the China's 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.FiveStarEquities.com ] and get exclusive access to our numerous stock reports and industry newsletters.
Bloomberg recently reported that Apple plans to include Baidu's search engine on their iPhones in China. The announcement could be made as early as next week. Baidu currently makes up roughly 80 percent of the search engine market in China. "This is definitely going to help Baidu," said Joshua Maa, chief executive officer at Madhouse Inc., an advertising company whose specialty is marketing on mobile devices. Mr. Maa added that deal will provide a boost to the company's wireless advertising business.
E-Commerce China Dangdang is a leading business-to-consumer e-commerce company in China. On its website dangdang.com, the Company offers more than 790,000 books and other media products as well as selected general merchandise products including beauty and personal care products, home and lifestyle products, baby, children and maternity products, apparel, digital and electronics products.
Five Star Equities provides Market 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. Five Star Equities has not been compensated by any of the above-mentioned companies. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at:
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