NEW YORK, NY -- (Marketwire) -- 08/08/12 -- Chinese internet stocks surged Monday after Sohu.com and its subsidiary, Changyou.com, released earnings that beat analysts' expectations. The results came as a surprise as China's economic slowdown had begun to raise growth concerns for the industry. TickerSpy's China Internet Stocks Index (CHDOT) gained 5.3 percent Monday. Five Star Equities examines the outlook on Chinese internet stocks and provides equity research on SINA Corporation (NASDAQ: SINA) and Youku Inc. (NYSE: YOKU).
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Despite China's broader economy facing one of the worst slowdowns in years, China's online advertising revenues have been surprisingly strong. According to Analysys, a research firm, total revenue increase 54 percent in the second quarter when compared with the year ago quarter. Internet companies have benefited from new regulations, which were put in place at the beginning of the year, which banned companies from placing advertisements during prime-time TV dramas. Nielsen, a TV and Internet advertising research firm, stated that the new regulations have resulted in increased advertising on online video sites.
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SINA is an online media company serving China and the global Chinese communities. Their digital media network of SINA.com (portal), SINA.cn (mobile portal) and Weibo.com (social media), enable Internet users to access professional media and user generated content in multi-media formats from the web and mobile devices and share their interests with friends and acquaintances. Shares of the company soared over 10 percent Monday.
Youku is China's leading Internet television company. Our Internet television platform enables users to search, view and share high-quality video content quickly and easily across multiple devices. Youku, which stands for "what's best and what's cool" in Chinese, is the most recognized online video brand in China. Shares of the company surged nearly 10 percent Monday.
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