[Editor's Note: Money Morning Investment Director Keith Fitz-Gerald is currently in Mainland China. Look for additional installments of his investment travelogue later this week.] By Keith Fitz-Gerald Investment Director Money Morning/The Money Map Report XIAN, People’s Republic of China – During the politically charged period in the late 1980s and early 1990s – when China believed it really needed friends – a small number of Western companies ignored the controversies and refused to abandon the market. Global investors will recognize some of the names: The Coca-Cola Co. (NYSE: KO), Johnson & Johnson (NYSE: JNJ), and ABB Ltd. (NYSE ADR: ABB). In the years since, their courage and commitment has been rewarded with hefty market shares, growing profits, and a position of trust that’s very tough for an outside firm to obtain. These firms also …

KongZhong Corporation (KONG) is a leading mobile Internet company in China, which puts it in a sweet spot given that country's growing economy and large, relatively web-savvy population.

< ?DART(15);?> KONG made the Zacks #1 Rank Top Performers List on Friday with shares that gained approximately 5%. Volume today is around 312,000 shares, which is in the ballpark with the daily average of nearly 317,000.

KONG is part of the Internet Content industry, which we've visited quite recently. On Jul 1, Shanda Interactive Entertainment Ltd. (SNDA) was the top performer. (SNDA is another Chinese entertainment company, which focuses primarily on web-based video games.) Along with KONG and SNDA, the only other Internet Content company on today's 227-stock Zacks #1 Rank List is Perfect World Co., Ltd. (PWRD).

Recent Movement in Earnings Estimates

Analysts currently expect earnings per share of 24

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Earnings estimates for Shanda Interactive Entertainment Ltd. (SNDA) have advanced sharply over the past month for both this year and next.

< ?DART(15);?> The Chinese interactive entertainment company has an excellent record of surpassing Wall Street's quarterly profit expectations, and has made the Zacks #1 Rank Top Performers List for Wednesday with a gain of more than 7%.

SNDA is moving today on lower-than-normal volume of approximately 835,000 shares, compared to the daily average of 1.38 million.

Expectations Higher Than 1 Month Ago

SNDA has a lot of things going for it. The company is at the heart of a surging video game market in a growing economy. Furthermore, SNDA is the leading online gaming company in China, where that form of entertainment is much more popular. (The U.S. is more focused on consoles.)

Such factors have led to a number of strong

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The feud between authorities in China and Google Inc. (Nasdaq: GOOG) escalated Wednesday night when Chinese users were blocked from Google’s global Web site for a period of at least two hours.

For weeks China has been chastising Google for disseminating “huge amounts of porn and lewd information.” The company has made a strong effort to accommodate Beijing’s high “moral” standard by launching a separate Chinese Web site, Google.cn, to filter out sensitive information.

Still, China’s war on the search engine has only intensified. That has led some analysts to believe that the communist government is acting on behalf of Baidu Inc. (Nasdaq ADR: BIDU), or perhaps as part of a smear campaign to drum up support for its latest attempt to tighten its grip on Internet content that is becoming harder to control.

Google’s word association feature – a drop-down box that offers suggestions based on the terms typed

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Today, TeleCommunication Systems, Inc. announced that the U.S. Patent and Trademark Office has granted the company patent number 7,483,983 for “Method and System for Deploying Content to Wireless Devices.” This invention allows internet content to be displayed on wireless devices through web browser applications.

The Nielsen Company recently reported the results of a survey that found 17 percent of U.S. mobile phone users, or 43 million subscribers, access the Internet. Although these users are able to access internet content through the web browser of their wireless device, most internet sites are only designed to display information on a standard computer screen — not on small mobile screens. Additionally, wireless devices that access the internet use different mobile browsers and protocols, making it difficult for providers to consistently deliver content across a wide range of wireless devices.

TeleCommunication’s invention, however, allows internet content to be displayed in a variety of formats, dynamic

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Small-cap stocks haven’t been making many big headlines lately, but that could be changing, according to Touchstone’s Lawrence Creatura.  He’s found some interesting names for investors.

His four-star Touchstone Diversified Small Cap Fund is up an average of 11.92 percent per year over the last five years.

“That’s where the best companies are,” he told CNBC about the small-cap space.  “The companies are understandable, and investors appreciate that.”

Recommendations:

So which stocks does he want investors to understand?

Topping his list is Brown Shoe

“This is a classic value play,” he said.  “It’s a depressed multiple applied to a depressed earnings profile, and right now, the stock is so inexpensive it’s almost like a call option, which goes into the money if consumers return some day to buy shoes, and it seems to be a pretty safe bet that they will.”

He also likes United Online,

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