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Full Version: Chinese tech companies shine in US debut
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China-based companies are gaining support again in US, albeit the Sino-Forest Corp and China Media Express, were just delisted due to accounting and corporate governance scandals few years ago.

Chinese tech companies shine in US debut

SHARES of two Chinese companies, Ltd and Sungy Mobile Ltd, surged in their U.S. debuts on Friday, as investors bet on China-based technology companies backed by marquee underwriters.

Investor appetite for Chinese companies seems to have recovered after a series of accounting scandals in the past couple of years dried up US listings of China-based companies in 2011 from a high of 40 in 2010. "If they (Chinese IPOs) are brought by top-tier underwriters, then investors are a lot more interested," said Francis Gaskins, a partner at IPO research company

Deutsche Bank led the initial public offering of online sports-lottery operator, while Credit Suisse and JP Morgan were the lead underwriters for the IPO of mobile applications maker Sungy Mobile.

Seven Chinese companies have listed in the United States this year so far compared with just two in 2012.
Source: Business Times Breaking News
Think Tech stocks making a comeback particularly chinese tech, based on tencent recent results i must say its quite stellar and with more room to go if the economy continues to do well, ARPU has been constantly climbing and very cyclical, they also compared the ARPU to the cost of other entertainment i.e going to movie, having macbreakfast and etc..

Daniel loeb also bought into Softbank. Tokyo-based SoftBank owns about 37 percent of Alibaba. China’s biggest e-commerce operator is worth as much as $190 billion, quite alot of optionality in there.