Internet Outages, and Growth Fears, Kill Chinese Web Companies

Baidu, Inc. (NASDAQ: BIDU) is considered the Google of China and its shares were down almost $12 or 6.8% at $162.58 late on Thursday. Shares were at $175 on early Wednesday, and the 52-week range is $82.98 to $185.50. The 8.5 million shares with 30 minutes left in the day was already 2.5-times normal volume.

E-Commerce China Dangdang Inc. (NYSE: DANG), sometimes considered the Amazon of China, was down 11.5% or -$1.28 at $9.81 late on Thursday. This was trading above $11 on Wednesday and the 52-week range is $3.70 to $12.19. The 5.4 million shares traded at 3:30 was close to 2.5-times normal volume.

SINA Corporation (NASDAQ: SINA) was down 5.5% at $72.81 right before the close. This was above $80 last week and the 52-week range is $45.54 to $92.83. The almost 6 million shares with 30 minutes to go is over twice the normal volume.

500.com Limited (NYSE: WBAI) is the Chinese lotto play. At $39.89, the stock was down 10% and it just recently challenged its highs. The post-IPO range is $18.14 to $44.80. There were more than 1.1 million shares which had traded hands with almost 30 minutes left in the day, almost double the normal average volume.

24/7 Wall St. has tracked some statistics from GreatFire.org showing some very interesting statistics about China.