Provideo Financial Analyst Suggests Chinese Internet Market Sectors To Watch In 2011
With the world’s largest internet market, Chinese internet companies will likely thrive in 2011.
- (1888PressRelease) February 11, 2011 - China’s internet population has become the largest single market in the world, and there are vast opportunities for both businesses and investors. As proven by companies like Baidu.com (NASDAQ: BIDU) the Chinese internet market can yield impressive returns. The Chinese internet search giant’s stock has nearly doubled in the past 6 months and gone from $12 per share 2 years ago to over $120 today.
China’s internet industry today is the largest in the world and as well as one of the fastest growing. Baidu.com’s continued success is evidence of this fact. In 2011 there will be plenty of industries and companies to watch that will take advantage of the opportunities offered by the Chinese internet market’s boom.
Baidu’s online video company Qiyu is looking to make significant progress throughout 2011 and will likely be aiming at an IPO sometime in 2012. According to Lee Jacobs, an analyst at Provideo Financial in Hong Kong, online video sites in China will be a hot sector to watch over the next 24 months. “Much like the online video stocks in the U.S. were the highlight of 2010 with companies like NetFlix dominating the spotlight, we are looking to companies including Qiyu, Youku, and Tudou to file IPOs that could return big for investors.”
Social Networking will also be a hot sector to watch this year. Chinese social networking site Ren Ren will likely be the next Chinese Social Networking IPO. With over 200 million users, and a growing user base, Ren Ren looks poised to take on competitors in the Chinese market. Facebook also recently announced the opening of a new Hong Kong office. Whether they intend to make an entry into the Chinese market or only focus on other Asian markets remains to be seen, but Provideo Financial analysts believe that an attempted entry into the world’s largest market by the world’s dominant social networking company is likely.
Overall, the Chinese internet market will likely have a very eventful year. Nobody can predict the future, but it is likely that IPOs and stocks in the internet market sectors will capitalize on imminent online growth in 2011.
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