New York, New York (PressExposure) February 08, 2012 -- One of the most important markets for Facebook will be China and India given the fact that the two countries account for a third of the world's population, according to George Leong, contributor to Profit Confidential. The number of Internet users in China is number one in the world, with 505 million at the end of November 2011 and over 340 million smartphone users, according to Profit Confidential.
"Facebook knows the massive potential in China and wants to dominate the social networking space there, but there will continue to be restrictions in the communist country," says Leong.
According to Leong, the Internet penetration rate is still low at 37.7% versus over 70% in the U.S., so he believes there is still ample room to grow. He notes that Facebook has over 800 million users from around the world, including 80% located outside of the U.S.
"It will be exciting to see how Facebook does in China; but one thing's for sure: I expect social networking could be the next big thing if allowed to flourish," says Leong.
Leong believes the key to achieving success in China is to set up alliances with Chinese companies and then work hand in hand to develop the market.
Profit Confidential, which has been published for over a decade now, has been widely recognized as predicting five major economic events over the past 10 years. In 2002, Profit Confidential started advising its readers to buy gold-related investments when gold traded under $300 an ounce. In 2006, it "begged" its readers to get out of the housing market...before it plunged.
Profit Confidential was among the first (back in late 2006) to predict that the U.S. economy would be in a recession by late 2007. The daily e-letter correctly predicted the crash in the stock market of 2008 and early 2009. And Profit Confidential turned bullish on stocks in March of 2009 and rode the bear market rally from a Dow Jones Industrial Average of 6,440 on March 9, 2009, to 12,876 on May 2, 2011, a gain of 99%.
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Profit Confidential is Lombardi Publishing Corporation's free daily investment e-letter. Written by financial gurus with over 100 years of combined investing experience, Profit Confidential analyzes and comments on the actions of the stock market, precious metals, interest rates, real estate, and the economy. Lombardi Publishing Corporation, founded in 1986, now with over one million customers in 141 countries, is one of the largest consumer information publishers in the world. For more on Lombardi, and to get the popular Profit Confidential e-letter sent to you daily, visit www.profitconfidential.com.
Michael Lombardi, MBA, the lead Profit Confidential editorial contributor, has just released his most recent update of Critical Warning Number Six, a breakthrough video with Lombardi's current predictions for the U.S. economy, stock market, U.S. dollar, euro, interest rates and inflation. To see the video, visit http://www.profitconfidential.com/critical-warning-number-six