NEW YORK, NY — (Marketwire) — 07/26/11 — Strong regulation and censorship has caused the number of active websites in China to drop significantly in the last year. The decline in the number of websites has led to reduced competition for companies such as Renren and Dangdang, which has led to more traffic to their websites. The Bedford Report examines the outlook for companies in China-s Internet Sector and provides stock research on Renren, Inc. (NYSE: RENN) and E-Commerce China Dangdang, Inc. (NYSE: DANG). Access to the full company reports can be found at:
Reports from the Chinese Academy of Social Sciences (CASS) claim that there has been a 41 percent drop in the number of websites over the last year, with 1.91 million websites left at the end of last year. Experts believe tighter regulations and the blocking of sensitive forums have contributed to the decline.
China had already blocked websites such as Facebook, YouTube and Twitter, and in the aftermath of the “Jasmine Revolution” that swept across much of the Middle East, Chinese officials have tightened online regulations even more.
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China bans several North American websites for a variety of reasons, including Facebook, Twitter and YouTube, arguing that the uncensored sharing of images and information could cause social instability and harm national security.
A recent report from Reuters claims that operations at the Chinese social network, Renren “walk a thin line of compliance with strict Chinese regulations around freedom of information.”
“People at any social network in China that is going to be successful are going to be very sensitive to playing the game by the rules,” said Dixon Doll, co-founder and general partner of venture capital firm DCM.
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