Battered Down Shares of Renren and Dangdang Aim for Stability in 2012
The Paragon Report Provides Equity Research on Renren & Dangdang
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 01/05/12 -- Battered down in 2011, Chinese internet stocks kicked off the New Year on the upswing as encouraging economic data from China curbed growth fears -- at least for one day. Earlier this week, Chinese Premier Wen Jaibao said business conditions may be "relatively difficult" in the first quarter and monetary policy will be fine-tuned as needed. The Paragon Report examines investing opportunities in China's Internet Sector and provides equity research on Renren, Inc. (NYSE: RENN) and E-Commerce China Dangdang Inc. (NYSE: DANG). Access to the full company reports can be found at:
As reported earlier this month in The Wall Street Journal, China's Ministry of Industry and Information Technology (MIIT) has released new regulations covering competitive practices in the country's Internet industry. MIIT issued the rules to curtail poor business practices in one of China's less regulated sectors, which is currently dominated by non-state-owned companies that would accuse competitors of unfair practices in order to gain an upper hand in the industry, The Wall Street Journal reports.
The rules, which take effect March 15, will help "create a favorable environment for information services," Li Guobin, an inspector in the MIIT's politics and law section, said in a statement on the ministry website.
The Paragon Report provides investors with an excellent first step in their due diligence by providing daily trading ideas, and consolidating the public information available on them. For more investment research on China's Internet Sector register with at and get exclusive access to our numerous stock reports and industry newsletters.
Last month E-Commerce China Dangdang announced the launch of its e-book platform in China. "We are excited to break new ground with the launch of the e-book platform for our customers as we believe that the addition of digital content to our comprehensive online offerings will greatly enhance our customers' online shopping experience and satisfaction," said Guoqing Li, CEO of Dangdang.
According to the Bloomberg China-US 55 index of the most traded shares in the US, Dangdang was 2011's worst performer on the measure with an 84 percent decline.
The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon 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
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Datum: 05.01.2012 - 13:16 Uhr
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