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Microcap & Penny Stocks : Xin Net Technologies - BB: XNET - The Next Internet Stock?

XNET 7.180

-2.2%

Nov 17 3:59 PM EST

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To: shearson who wrote (3)	8/3/1998 11:50:00 PM
From: shearson	Read Replies (1) of 1593

Here's an interesting bit of background information I dug up when I first started looking into this one. China's potential has always appealed to me. A recent report from Reuters reported that there are now more than 1 million Internet users in China. The July 13 articles reports: ''The number of Internet surfers in China swelled to 1.175 million at the end of June from 505,000 at the beginning of this year, the China Economic Times reported today. The number of computers wired to the global computer network increased 64 percent from the beginning of this year to 542,000 by June 30, the newspaper said, quoting a report by the China Internet Network Information Center. Of the total users, 92.8 percent were male, 83.2 percent were less than 35 years old and 58.9 percent had at least a bachelor's degree..........Only a small fraction of China's 1.2 billion people have access to the Internet, but growth has been explosive, and industry analysts say the number of surfers could reach 7 million by 2001.'' The personal computer boom is an important driving force behind the growth in Internet users. According to a July 1998 research report by DBS Securities Hong Kong Ltd., a leading brokerage house in the region, China's personal computer market has grown 38% per annum since 1994 and was worth US$5 Billion in 1997, up 66% from 1996. The growth trend in China's computer software and hardware market is expected to continue over the next few years.

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