|By Marketwired .||
|January 11, 2013 08:20 AM EST||
NEW YORK, NY -- (Marketwire) -- 01/11/13 -- Chinese equities have had a good start to the year as various economic data have pointed to a recovery in China's economy. The Bloomberg China-US 55 Equity Index, which tracks the performance of the top 55 Chinese equities trading in the U.S., has gained 2.5 percent so far in 2013. The Paragon Report examines investing opportunities on Chinese Internet stocks and provides equity research on Qihoo 360 Technology Co. Ltd. (NYSE: QIHU) and Youku Tudou Inc. (NYSE: YOKU).
First half figures from the China Internet Network Information Center (CNNIC) showed that the nation's internet population stood at 538 million in 2012, a year-over-year increase of 11 percent. While that figure may seem substantial, the internet penetration rate was estimated to be at just 39.9 percent, leaving significant room for growth.
China's Ministry of Industry and Information Technology recently predicted China's internet population to reach 800 million users by 2015. Internet penetration is expected to be driven by mobile internet access as the country currently has over 1 billion mobile phone users.
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Qihoo 360 is a leading Internet platform company in China as measured by active user base. At the end of March 2012, the company had approximately 411 million monthly active Internet users, according to iResearch. The company in august entered the Chinese search engine market with the launch of so.com.
Youku is China's leading Internet television company. Their mission is to become the primary source of online video content for Chinese internet users across all Internet-enabled devices. Youku Tudou's dual-platform solution allows advertisers to reach a vast, diverse user base -- with a combined total of more than 400 million viewers on a monthly basis according to market research firm iResearch in September 2012
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