In the last five years, investors have been chasing after Internet stocks again, but this time around these stocks are China-based companies listed in major US exchanges; and sending the stocks of these companies soaring: Baidu Inc (NASDAQ:BIDU), up 1000 percent; and Sohu.com (NASDAQ:SOHU), Netease (NASDAQ: NTES, and Sina (NASDAQ:SINA) up 300 percent. But, once again, the chase seems to be over, as these companies have come under the scrutiny of both US and Chinese regulators; and investors have been heading for the exit, as new IPOs haven’t been fared that well, as Renren Inc (NYSE:RENN), E-Commerce China (NYSE:DANG), and Tudou (NASDAQ:TUDO). Full story
OPINION: The Chinese Internet Bubble is Busting - Panos Mourdoukoutas
In the last five years, investors have been chasing after Internet stocks again, but this time around these stocks are China-based companies listed in major US exchanges; and sending the stocks of these companies soaring: Baidu Inc (NASDAQ:BIDU), up 1000 percent; and Sohu.com (NASDAQ:SOHU), Netease (NASDAQ: NTES, and Sina (NASDAQ:SINA) up 300 percent. But, once again, the chase seems to be over, as these companies have come under the scrutiny of both US and Chinese regulators; and investors have been heading for the exit, as new IPOs haven’t been fared that well, as Renren Inc (NYSE:RENN), E-Commerce China (NYSE:DANG), and Tudou (NASDAQ:TUDO). Full story
