Latest Regulations Look to Create Favorable Competitive Environment Youku and Qihoo
05 Gennaio 2012 - 2:16PM
Marketwired
Battered down in 2011, several 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 Youku, Inc. (NYSE: YOKU) and Qihoo 360 Technology Co.
Ltd. (NYSE: QIHU). Access to the full company reports can be found
at:
www.paragonreport.com/YOKU www.paragonreport.com/QIHU
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
www.paragonreport.com and get exclusive access to our numerous
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While most Chinese technology stocks skyrocketed on the first
day of trading in 2012, shares of Qihoo 360 Technology struggled.
The Wall Street Journal report specifically cited the public
feuding between Chinese Web companies, Tencent and Qihoo 360, over
alleged unfair practices in late-2010 as one such example of poor
business practices, as considered by MIIT.
Qihoo 360 Technology Co. Ltd. provides Internet and mobile
security products in the People's Republic of China.
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