China's network shares usher in the fourth spring

Absrtact: American Facebook is the originator of social networking sites, but the world's first social networking site will be China's Renren. April 15, Renren submitted a prospectus to the US Securities and Exchange Commission, which is to be listed on the NYSE on May 4, with the stock code

Facebook is the originator of social networking sites in the United States, but the world's first social networking site will be China's Renren. April 15, Renren submitted a prospectus to the Securities and Exchange Commission and was to be listed on the NYSE on May 4, with the stock code "Renn". The listing of Renren has pushed the fourth wave of Chinese Internet companies out of the market to a high peak.

"2000 Internet companies have been very hot, it was called a bubble, but now 10 years later, we found that the Internet is not a bubble, is actually changing our lives." "The Chinese network shares are one of the important directions of his concern," said Kangxiaoyang, chairman of Tianma Asset Management company, who invests in overseas markets.

"Stories" about the internet for Americans

In addition to Renren, Chinese Internet companies listed abroad have reached 27, including 25 companies that have chosen the United States to complete their listing, except for Tencent and Alibaba, which are listed in Hong Kong.

Why do Chinese Internet companies prefer to list overseas? I the Internet industry analyst Hu Long Fei to the first financial daily newspaper "The financial quotient" reporter pointed out three main reasons. First, the internet company is Born "Half-Breed", they are running the blood of foreign venture capital funds, from the exit mode of investment, the overseas market is naturally preferred. Second, the US listing system, which is strict, is easier to qualify as a listing for many internet companies that have not even made a profit, and the stringent domestic vetting system allows these emerging industry companies to exclaiming. Third, the U.S. Nasdaq market is a global high-tech companies, with a group of more "understand" the internet company investors, in the U.S. listing more easy to get investors recognition.

Portal detonated first wave of IPO

In July 1999, when Nasdaq was in the midst of a network-share spree, China network as the first Chinese Internet concept shares landed in Nasdaq, the Chinese Network of Madness for the subsequent Chinese concept of network shares began to launch the first artillery, the Chinese network when the sale of oversubscribed more than 10 times times, the issue price of 20 U.S. dollars, opened that soared to 60 U.S. dollars, All day Rose 200%.

April 2000 onwards, China's three major portals have entered the U.S. capital market, but the dotcom bubble has to the most crazy time, Sina, NetEase and Sohu listed at the time is "untimely", in the dotcom bubble burst, the three portal network also difficult to escape a robbery, stock prices even break.

"When the dotcom bubble burst, the big three portals almost died before they started." Hu Longfei said, later, as the portal began to develop SP business, found in addition to advertising new profit model, the portal only gradually out of the crisis, ushered in the spring.

NetEase is one of the outstanding representatives. After the internet bubble, NetEase will be the direction of development to online games, in the second quarter of 2002, NetEase first achieved net profit, its share price also rose to become the 2002 Nasdaq market performance of the most outstanding stocks.

Watch the tide Rise and fall

The fear of the dotcom bubble has faded, and in December 2003 Ctrip's IPO has again lifted the Chinese internet company's listing dream.

2004, Tencent, Shanda, Yi Long, air network, the Nineth city, the financial sector, handheld, worry, and so on invariably launched the pace of overseas listing, which, after the grand listing, the market value beyond the then Korean network game company NCsoft, became the world's largest online game stocks.

After this climax, in 2005, the tide of the internet world has entered a downturn.

2007, Alibaba listed in Hong Kong, Business-to-business became a global hot topic, network stocks into the era of E-commerce, the first day of the listing, Alibaba on the rise of 192% of the success of the lake. The same year, the Giants, the perfect world to join the United States market. The network shares also saw the high tide, Baidu shares broke the 300 dollar mark, became the first Chinese concept stocks in the Nasdaq into the tens of billions of dollars in market size companies.

China's network shares usher in the fourth spring

In the second half of 2010, the Chinese concept stocks launched a frenzy of IPO.

October 26, 2010, Mai Lin landed on Nasdaq, known as "China's first share of the Chinese." After the wheat forest, December 8, Dangdang to join hands with Youku, the United States New York Exchange, the stock price more into the trend of comparison, strong rise. Dangdang rose 87% per cent on the first day of 2010, the top 5 in the U.S. IPO debut. Youku, whose performance is still in the red, is no less good, with a 161% per cent rise in the first day of the company, which has been the highest-ever in all U.S. IPOs since 2005. The Chinese network shares listed in the same year also include easy cars, search rooms and Skye.

This year, with the success of Qihoo 360, a large number of Chinese Internet companies listed their listings on the agenda. In addition to already Jianzaixianshang Renren, happy Net, rice network, century Jiayuan, potatoes, thunder and so on more than 15 companies have been "ready to", the fourth spring of China's network shares has been the flowers.

For example, Tencent, there are 400 million customers, online every day more than 100 million people, because of free QQ, a good application, even if only 10% of people buy, 1% of people buy, is a large amount. "China's internet companies, supported by huge user volumes, are still the object of research," Kangxiaoyang said.

Schedule _ The first 20 Chinese concept stocks

Code Name latest price (USD) up to date (%)

Mobi. O Skye Network 16.85 215.37

SIMO. O Hui Rong Technology 9.95 134.12

SINA. O Sina 133.06 93.34

Atai. O ATA Company 7.06 92.37

Yoku. N Youku 62.84 79.52

FMCN. O divided Media 34.8 58.69

Mpel. O New ho Melco Entertainment 10 57.23

BIDU. O Baidu 148.65 53.99

SOHU. O Sohu 95.69 50.72

CHU. N China Unicom 20.6 44.56

Ntes. O NetEase 51.59 42.71

Nwd. A Xinlong 0.064 42.22

Cyou. O Tour 39.78 39.53

CNR. A China New Town Countryside 4 33.33

Gsol. O Global Resources 12.17 27.84

Ftnt. O Flying Tower 40.42 24.95

Ctrp. O Ctrip 50.33 24.43

Yzc. N Yanzhou Coal Industry 37.99 24.15

SNDA. O Grand 49.16 24.02

Utsi. O ut Tatsu Kang 2.55 23.79

Source: Our Newspaper