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Strategies & Market Trends : China - The Next Great Stock Market ?

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To: Julius Wong who wrote (18)12/18/2002 4:00:17 AM
From: ~digs  Read Replies (1) of 140
 
China makes it easier to buy a .cn Web site name

[SOHU said to benefit ; SOHU @ 5.90 +1.09 +22.66% 682.77K Dec 17]

Tuesday December 17, 11:19 PM EST ; By Doug Young

HONG KONG, Dec 18 (Reuters) - Relaxed rules for registering Web site names in China are likely to spark a surge in applications, including from foreign companies previously barred from using the .cn designation, China Internet watchers said.

New guidelines issued on Monday by the China Internet Network Information Centre (CNNIC) should help to jump-start registrations of .cn names, which have been relatively anaemic by global standards, experts said.

Since 1997, CNNIC has registered a scant 145,000 domain names ending with .cn -- miniscule compared with the 27.3 million .com, .org and .net addresses logged by leading U.S. domain registrar VeriSign (VRSN).

more @ finance.myway.com

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China-related stocks rally on Nasdaq


11:57:09 AM ET 12/17/2002

Four of the top five percentage gainers on the Nasdaq exchange have connections to China. Shares of AsiaInfo (ASIA), a Beijing-based telecommunications networking products firm, are rising $1.31, or 24.1 percent, to $6.75, putting it in the number one slot. Following the interruption of biotechnology firm VaxGen, are Sohu.com (SOHU), which operates a Chinese language Web portal, Sina.com (SINA), a Hong Kong-based online media firm, and NetEase.com (NTES), an Internet technology company based in Beijing. These stocks are posted respective jumps of 18 percent, 14 percent and 13 percent.

custom.marketwatch.com
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