China's Business Index Continues to Grow

Sep 21, 2016, 09:00 ET from

NEW YORK, September 21, 2016 /PRNewswire/ --

According to a report by the Chinese Central Bank, China's businesses operated under better conditions for the third quarter in 2016. Alongside that, businesses were more optimistic and confident with the local economy. The report shows that the business index grew to 50.3% in the third quarter from 48.3% in the second. Profitability increased to 54.7% from 52.7%. In addition a survey by the People's Bank of China (PBOC) has found that bankers in China are confident in the recovery of economics vitality for the period of time of July to September. Inc. (OTCQB: CIIX), Alibaba Group Holding Ltd (NYSE: BABA), Weibo Corp (NASDAQ: WB), NetEase, Inc. (NASDAQ: NTES), Baidu Inc. (NASDAQ: BIDU) Inc. (OTCQB: CIIX) is a small-cap Chinese company engaged in providing real-time market commentary and analysis in the Chinese language. The Company has recently commented on the live streaming service they provide, which has helped to accomplish a milestone in bookings record subscription revenues. This month the company announced a partnership with the largest online financial brokerage firm in China called Tiger Brokers. The firm's monthly volume trading with increasing to $800 million USD. Inc. (CIIX) stated earlier last month, launched a Stock Market Live Stream VIP Service in June. The Stock Market Live Stream VIP Service has been extremely popular with the Chinese-speaking investor community and as a result of this popularity has allowed the Company to book record monthly subscription revenues for the month of July 2016.

Alibaba Group Holding Ltd (NYSE: BABA), which has been performing well this year is feeling confident enough in its dominance of the Chinese market to aggressively expand abroad. The company recently announced that it has managed to get a string of partnerships to expand business-to-business marketplace operations in India. Shares of the company increased in value by more than 26% year to date.

Weibo Corp (NASDAQ: WB) is little known to investors in the U.S, it is a social media platform for people to create, distribute and discover Chinese-language content. The Company provides ways for people and organizations to publicly express themselves in real time, interact with others on a global platform and stay connected with the world. In the recent earnings report the company reported a revenue increase of 36% year over year, reaching $146.9 million.

NetEase, Inc. (NASDAQ: NTES) is a technology company. That operates an interactive online community in China and is a provider of Chinese language content and services through its online games, Internet media, e-mail, e-commerce and other businesses. The company's recent earnings report showed each business segment posting impressive year-over-year improvement, including increases of 76.0% in online game services, 24.2% in advertising services, and 310.6% in our e-mail and e-commerce.

Baidu Inc. (NASDAQ: BIDU) the Chinese language internet search provider, is an example of a company that aggressively works to expand operations overseas. Recently the company has received a permit from the state's Department of Motor Vehicles in California to test self-driving car models, energizing further the race to for driverless cars. Shares of the company surged more than 13% over the last 3 month.

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