We got more good news yesterday from Shanda (SNDA), which is one of my top China online game stocks. The company reported earnings of 78 cents a share, five cents more than expectations. Online gaming is very popular in China and companies like Netease.com (NTES) and Shanda have made huge gains. The company’s revenues soared 47% to $155 million.
I’m a big fan of investing in China. Currently, seven of the top eight stocks in Global Growth service are based in China. Shanda continues to be a very strong buy.