Dot-com listing frenzy a boom or a bubble?

0 CommentsPrint E-mail China.org.cn, April 21, 2011

Editor's notes:

A host of China-based Internet firms listing in both Hong Kong and New York have prompted the talk of a growing bubble and reminded people of the dot-com bubble in March 2000, when the Nasdaq index of leading technology shares plummeted. At the end of last year, shares of Youku and Dangdang surged on the first day of their listing on Nasdaq. A question is raised: A dot-com bubble will come again? Let's check out which Chinese Internet companies have been listed on Hong Kong and New York markets and which are preparing an IPO.


Sina (NASDAQ: SINA)

Total raised: ?      Market value: US$ 8,137,816,540       Listing time: April 2000

Company profile:

SINA Corporation was founded in March 1999 through the merger of Beijing SINA Information Technology Co. Ltd. and California-based SINANET.com.

Netease.com. Inc. (NASDAQ: NTES)

Total raised: $4.5 million     Market value: US$ 6,681,988,390      Listing time: July 2000

Company profile:

Netease was founded in June 1997, and began offering search services and free Web-based e-mail starting mid-1997 and early-1998, respectively.

 

Sohu.com Inc. (NASDAQ: SOHU)

Total raised: 165 million    Market value: US$ 3,652,391,610      Listing time: July 2000

Company profile:

Sohu is a leading Chinese online media, search, gaming, community and mobile service group.

 

Tencent (SEHK: 700 HK)

Total raised: $200 million    Market value: HK$ 40,202,838,450        Listing time: June 2004

Company profile:

Founded in November 1998, Tencent Inc. has grown into China's largest and most used Internet service portal. Tencent's Internet platforms QQ, QQ.com, QQ Games and PaiPai.com have brought together China's largest Internet community.

Baidu Inc. (NASDAQ: BIDU)

Total raised: $88.5 million   Market value: US$ 1,145,441,250

Listing time: August 2005   Underwriters: Goldman Sachs, Piper Jaffray, Credit Suisse First Boston

Company profile:

Co-founded by Robin Li and Xu Yong in 2000, Baidu is the largest search engine in China and the largest Chinese-language search engine in the world.

Alibaba (SEHK:1688.HK)

Total raised: $1.5 billion       Market value: HK$71,650,000,000     Listing time: October 2007

Company profile:

Founded in 1999, Alibaba.com is the global leader in e-commerce for small businesses and the flagship company of Alibaba Group.

 

SouFun Holdings Limited (NASDAQ:SFUN)

Total raised: 300 million         Market value: $ 307,370,540      Listing time: September 2010

Company profile:

SouFun Holdings Limited is the leading real estate Internet portal and home furnishing and improvement website in China in terms of the number of page views and visitors to its website in 2009.

Related reports:

•  SouFun' IPO goes through the roof

•  SouFun sets eyes on US$300 mln flotation IPO

 

Ku6 Media Co., Ltd. (NASDAQ: KUTV) 

Total raised: $203 million   Market value: $ 117,270,660      Listing time: December 2010

Company profile:

KU6 Media, formerly Hurray! Holding Co., Ltd., is an online video company in China. Through its two online brands and online video Websites, www.ku6.com and www.juchang.com, Ku6 provides video information services and entertainment in China.

Youku.com Inc. (NASDAQ: YOKU)   

Total raised:  $233 million        Market value: US$ 1,145,441,250    Listing time: December 2010

Company profile:

Youku.com, incorporated on September 20, 2005, is an Internet television company in China. The Company's Internet television platform enables consumers to search, view and share video content quickly and easily across multiple devices.

Related reports:

•  Biggest 1-day rise caps Youku US debut

E-Commerce China Dangdang Inc. (NASDAQ: DANG),

Total raised: $272 million        Market value: US$ 469,200,000  Listing time: December  2010

Company profile:

Dangdang.com, known as the Amazon of China, saw its shares skyrocket on its debut, marking another big day of IPO successes for China.

Related reports:

Dangdang.com plans to raise US$200 mln

Qihoo 360 Technology Co. Ltd (NASDAQ: QIHU)   

Total raised: $1.5 billion     Market value: ?      Listing time: March 2011

Company profile:

Qihoo 360 Technology, incorporated on June 9, 2005, is engaged in the operations of Internet services and sales of third party anti-virus software in China.

Related reports:

Qihoo 360 collects US$175.5m in IPO 

 

Renren (NYSE: RENN)

Total raised: US$ 734 million  Market value: US$ 7.5 billion   Listing time: May 2011

Company profile:

 

Related reports:

• Social networks provide ad potential

 

Tudou.com, a Chinese online video-sharing Website, filed a registration statement this month with the US Securities and Exchange Commission (SEC) for an initial public offering, aiming to raise US$120 million.

Related reports:

Tudou.com files for Nasdaq listing

Shenzhen Xunlei Network Technology Ltd, the Chinese video and music file-sharing company partly owned by Google Inc, is planning to raise about US$200 million in an initial public offering in the United States this year.

Related reports:

• Xunlei Network plans IPO 

Vancl.com, China's biggest online clothing retailer, will not consider an initial public offering until the second half of 2012 at the earliest because it wants to focus on growing revenue first.

Related reports:

Vancl to delay its IPO until late 2012

 

 

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