Eye on China Internet Stocks

I have been watching Chinese internet stocks recently. The China stocks I am most interested in are: SOHU, SINA, and BIDU.

The growth of internet users in China is tremendous. Some estimates place the number of people online in China at just under the number of internet users in the US. Other estimates say China has now surpassed the US in online users, making China the country with the most online internet users.

So where are Chinese people browsing to? The answers are baidu.com, sina.com.cn, and sohu.com.

According to Alexa, all 3 of these websites are in the global Top 10 of all websites. This means each of these websites gets enormous amounts of traffic. For online businesses, this means they can show lots of ads and promote their own pay services and products.

Each of these websites gets more web visitors (or “hits”) than Amazon.com or Microsoft.com. Wow.

Here’s a breakdown of the web rankings, web traffic graphs, and stock charts for SOHU, SINA, and BIDU:

Symbol: SOHU, global web rank: #9

SOHU web traffic graph:

SOHU 1 month stock chart:

Symbol: SINA, global web rank: #6

SINA web traffic graph:

SINA 1 month stock chart:

Symbol: BIDU, global web rank: #4

BIDU web traffic graph:

BIDU 1 month stock chart:

Anyone else watching these stocks? I personally would like to get a good entry on SOHU and SINA. My opinion is that BIDU is bloated right now and should dip some more, then BIDU will also be in a price range I would buy at.

My trade for SOHU, SINA, and BIDU stocks would be a swing trade or longer term investment, not a quick daytrade.