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How to Profit from the Asian Internet Boom
Contrarian Profits (August 14th, 2009) Writes:
The number of Chinese with Internet access is increasing at an astronomical rate – after all right now, the region’s penetration rate is only 17% compared with 75% here in the U.S. And along with that growth, opportunities are emerging for a select few investors to get in on tech growth in the Far East.
Most of the time, backdoor plays offer the largest profits in growth industries like this one. Sometimes, however, a straightforward approach is your best chance at the quickest gains. This is one of those times.
Take China Mobile (NYSE:CHL), for instance. This telecom behemoth is the most obvious play in the region. In the last three years, the company doubled the number of subscribers and grew its bottom line 107%. That’s a rare feat for a $230 billion company.
China Mobile’s growth is impressive, but it’s nothing compared with what a small-cap player can do in this
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