2014: The day of the broken ice sailing

With 58 of the city and where to go after the national day before and after the SEC to submit a prospectus, the financing window to open the discussion has not stopped.

In fact, since the Chinese stocks were short and encountered the Ice age, almost every time the trend against the listing feat is seen as a signal of ice breaking, but once more than a sound slightly, to the Orchid Pavilion set in this downturn in the pressure of the role of mandatory listing, but also no media have the nerve to use "in the stock revitalization" to modify the news headlines.

It is difficult for Americans to understand the Chinese business, especially in the open and transparent Internet industry, where there are so many unique rules and grey areas in the Chinese market that make us investors and the environment of public opinion very risky, and even some misunderstandings seem interesting.

So what are you going to tell the Americans about the third class rocket, basically is wavelength, laborious not to say, also provoke suspicion, Zhou (micro bo) to learn very cunning, when the five consecutive short Qi Tiger 360, Zhou gave up you to my debate, put things to the law, oneself no longer quarrel.

This is the problem for China stocks: Unless you have excellent results, it is difficult to use Chinese-style business models to convince the U.S. capital industry or any form of self proof. Unlike most motivational commentators and nationalists, the reputation of the firm is not bad, but it does not know much about China's rules of the game, relying too heavily on the past experience of the United States, leading to inaccurate judgment. Another has repeatedly done air stocks of muddy water, as early as the end of last year announced the "loss of interest in the shares," the very wise to stop the game.

Therefore, the strong performance of Qihoo 360 share price is the first full and incomplete condition of the ice-breaking, which makes it more difficult to make aerial stocks.

The U.S. capital market in the definition of Chinese Internet companies, there is a very prominent reference complex, Baidu is "China's Google", Youku is "China's YouTube", which will let the U.S. investors on the understanding of the shares are certain enlightening significance, as everyone in the road play when the "Facebook Zynga Groupon LinkedIn, which once sparked a frenzy, prompted US investors to buy everyone's stock at a point when they felt that China was a magical night to take up such a powerful internet company, pushing everyone's market value to $7 billion trillion, Finally found to be deceived only complain, but also blame in the shares of the "dishonest".

Aside from the still lingering in Hong Kong and the United States, Alibaba is not talking, is gearing up for the listing of the two quasi-share: 58 with the city and where, their business model has a clear reference, 58 with the city is "China's cragilist" (Cragilist: America's largest classified information site), and where to go is "China's Ctrip" (Ctrip: The U.S. stock market has been familiar with the Chinese travel booking website, the prototype can be extended to the global travel Power group Travix and its cheaptickets). At the same time, they are different from the Thunderbolt such people, there are obvious legal flaws.

58 Although the profitability of the city is declining, it is criticized as "the living wisdom-intensive industry into a labor-intensive industry", where it is similar to the United States, where to go to the first half of the year to lose millions of dollars, but, profit is never the first issue of stocks-such as grand, Profitability has been strong, but it has not been recognized by Wall Street-most importantly, the business composition of the stock and China's huge demographic dividend has a high degree of matching, which is the potential of the share in return.

Classified information and travel booking, are relying on economic growth and have the imagination of the space industry, China's economy has been maintained a strange upward trend, the expansion of wealth value will make purchasing power and desire to further enhance, rental recruitment, travel booking of the big cake will be the corresponding market segments of the leading benefit the most, 58 with the city to go farther than the net, and where the relationship with Baidu Close, these are the capital market, as long as China's GDP growth rate is three times times more than the United States, 58 with the city and where the long-term income is not imminent difficulties.

Therefore, compared to the gathering era and the orchid Pavilion is still difficult to give up the "Chinese characteristics", 58 with the city and where the clear positioning and reference properties, is the second full of the ice-breaking conditions.

The third full of the necessary conditions is that China's internet is entering a new round of shuffle, seeking capital support to become a prerequisite for burning money.

As we all know, the impact of mobile Internet, far from the user for the screen switch, the traditional giant city fell, cut out a new and vast living space, mobile Internet is a more import and long tail of the field, the opportunity to spread the competitiveness is particularly important. In the past year, a variety of horizontal and vertical mergers and acquisitions and integration has emerged, the word "spell" has frequently appeared in the major industry summits, just more than a father, the son has an "exclusive" attribute, did not spell dad, only to find a way out, Hong Kong and U.S. stocks are usually hematopoietic two direct platform, and the landing of the U.S. stock for the brand more revenue , and it has become the best target of "bleeding to go public".

In addition to the 58 city and where to go, touch technology, Shanda literature, 3G portal, Sina Weibo even 5 million lottery network (cash flow is very strong) have a listing plan, under successive impact, even if the success rate is low, a considerable base also decided that the group of the stock Expeditionary Force will not be annihilated. It is also important to note the issuance of China's 4G licences, which makes China Mobile's Internet development likely to have a chance to leapfrog, and all second-tier Internet companies will be aware of the fact that they must overdraw future money and win a battle to decide the future today.

There are, of course, some rumours in the private sector that, with the exception of a handful of junk stocks, there are firm and solid institutions behind most of the stocks, with safe havens as a guarantee that the operators of these institutions are adept at exploiting the asymmetric information of the US and the legitimate and suspected legal means to stimulate the market They are happy to increase the number of shares in the stock, so they can share the risk of investment.

To apply the phrase "at the same time and", the Chinese stocks professional short institutions into the quiet period is to catch up with the "timing", 58 with the city and where to go with the American model of the first to do is paved the "geographical location", second-line Internet Enterprises Unified listing Schedule collective knocking is constituted "people and", there are three conditions, starting from the end of 2013 , the ice-breaking trip and the fifth round of the shares should be within reach.

Finally, it must be stated that the ice-breaking and even the boom does not mean that the shares will be performing more than expected, but that, because of the presence of the former federal prosecutor and the current Chairman of the Securities and Futures Commission, which is known to strike terrorists, the general poor financial situation may continue to pull down the infusion of subsequent capital, It is not optimistic to expect these new stocks to maintain a strong momentum.