www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

Make me your Homepage
left corner left corner
China Daily Website

Strong IPO lineup on US bourses

Updated: 2013-11-04 15:46
( Xinhua)

Strong IPO lineup on US bourses
Chinese firm Qunar listed on Nasdaq in New York on Friday. [Photo / China Daily] 

BEIJING -- Two Chinese Internet stocks have seen their shares soar after debuting on US stock markets last week, reaffirming overseas investors' appetite for Chinese stocks amid a high-profile spat between US-listed Chinese companies and short-sellers.

Qunar, an online travel fare website majority-owned by Chinese search giant Baidu, saw its share price nearly double on the first of day of trading on the Nasdaq to close at $28.4 on Friday. Shares of 58.com, China's answer to Craigslist, rose more than 45 percent after going public a day earlier on the New York Stock Exchange.

The strong performances were in stark contrast to NQ Mobile, whose shares tumbled by as much as 50 percent after short-seller Muddy Waters accused the Beijing-based mobile security software company of lying about its user base and revenue.

The claim sparked a fresh round of sell-offs of US-listed Chinese companies, often dubbed "Chinese concept stocks," making major Chinese tech and Internet stocks the biggest casualty.

However, the week ended on a bright note as investor confidence in China's booming Internet sector buoyed shares of 58.com and Qunar. NQ Mobile also recovered slightly after the company refuted accusations made by Muddy Waters.

"Chinese tech companies are making a comeback on US markets," said Xu Feng, a partner at Shanghai Huarong Law Firm. "Most of these firms are backed by foreign venture capital and going public in the United States makes it easier for early investors to cash out."

With 130 million monthly users and 4.3 million merchants, 58.com is the largest online classifieds distributor in China, giving small offline vendors broader online exposure to customers. It makes money through a membership fee and priority placements from vendors.

Website Qunar.com is the most visited travel website in China, according to a 2012 Nielsen research report Qunar cited in its prospectus.

The fact that the company is still operating at a loss has not quashed interest in its stock and growth prospects. Unlike its domestic rival and also Nasdaq-listed Ctrip that earns commission from each purchase made on its website, Qunar generates most of its revenue through display advertising and charging travel service providers on a cost-per-click basis.

Qunar and 58.com joined Beijing-based online retailer Lightinthebox as the only three Chinese companies to have been listed on US bourses so far this year, a sharp fall from a peak of 40 in 2010.

The slowdown is because US securities regulators have raised the bar after short-sellers such as Muddy Waters uncovered fraudulent activities in a string of US-listed Chinese companies in 2011.

Short-sellers sell borrowed shares in the hope of buying them back at a lower price and earn the difference after returning the shares.

Previous Page 1 2 Next Page

 
8.03K
 
...
主站蜘蛛池模板: 欧美毛片a级毛片免费观 | 欧美一级免费片 | 国产精品私人玩物在线观看 | 69日本xxxxxxxxx13| 免费国产成人高清视频网站 | 在线观看精品视频一区二区三区 | 特级淫片欧美高清视频蜜桃 | 国产手机在线精品 | 亚洲不卡在线观看 | 国产一区精品 | 一级久久 | 91伊人国产| 免费一级欧美大片久久网 | 男女午夜视频 | 亚洲经典在线 | 国产亚洲一区二区三区在线观看 | 综合久久一区二区三区 | 国产精品高清一区二区 | 加勒比综合在线 | 国产精品福利社 | 免费小视频在线观看 | 香港三级日本三级妇人三级 | 欧美视频精品在线 | 午夜视频国产 | 欧美综合自拍亚洲综合 | 可以免费观看欧美一级毛片 | 久久国产香蕉 | 国产女王丨vk | 亚洲三级小视频 | 韩国一级黄色大片 | 999热成人精品国产免 | 亚洲精品色一区二区三区 | xxxxxhd亚洲日本hd| 欧美日韩亚洲高清不卡一区二区三区 | 国产三级在线免费观看 | 九九在线观看视频 | 日本成人在线免费观看 | 3级毛片 | 一本久久道久久爱 | 深夜在线观看大尺度 | 国产成人国产在线观看入口 |