Rumor: Baidu Might Acquire IPO Cursed Online Video Site Tudou
Baidu may put Tudou out of its IPO misery, by acquiring the firm and rolling it into its Qiyi service.
Showing posts with label China IPOs. Show all posts
Showing posts with label China IPOs. Show all posts
Wednesday, August 10, 2011
Tuesday, June 28, 2011
Don't Bail on China Tech Stocks
By Eric Jackson There were many reasons for the sharp pullback in these China tech stocks, some of which are listed below: What I said then and what I still believe now is that this is not the beginning of the end but the end of the beginning. The Chinese Internet bubble is not bursting now, and I don't believe it will burst this year. I still think we have six to 36 months of good times ahead of us. It's hard to know more precisely than that when the party will end -- at least at this point. Translated for investors, that means you shouldn't miss out on a second-half bounce-back for these stocks. There is a range of quality out there, however, so you need to do a lot of research and due diligence before jumping in. I recommend you stick with two of the biggest quality names: Baidu and Sina. They are solid companies with great management teams that will continue to be in-demand sites for a long time. Everywhere I went in China, I would hear people updating their Sina Weibo status on their iPhones. That is a growing monster service, right there. Similar to Baidu and Sina, Hong Kong-listed Tencent should also do well in the second half of the year.
RealMoney Contributor
6/28/2011 1:30 PM EDT
Click here for more stories by Eric Jackson
The second quarter has not been kind to Chinese tech stocks. After flying high from January to April, big China techs such as Sina (SINA - commentary - Trade Now), Sohu (SOHU - commentary - Trade Now) andBaidu (BIDU - commentary - Trade Now) got walloped. Newbie China tech IPOs such as Youku (YOKU -commentary - Trade Now), Dangdang (DANG - commentary - Trade Now), and Qihoo 360 (QIHU -commentary - Trade Now) got hurt even more.
In the midst of this wave of bad news and worry, I happened to be traveling through China, meeting with several tech companies. I was asked about if we were in a bubble more than anything else while I was there.
Monday, June 27, 2011
Forgotten NetQin May Soon Be a Value Play
By Eric Jackson I met with CFO Suhai Ji earlier this month at the company's Beijing offices. NetQin -- which is going to start branding itself "NQ" in the U.S. because too many Americans don't know how to pronounce the "Qin" part of its name -- is in the mobile security space. NetQin's ambition is to be theMcAfee (MFE - commentary - Trade Now) or Symantec (SYMC - commentary - Trade Now) of the mobile world. No such mobile security pure play exists today. That makes NetQin unique in that most Chinese companies get criticized for being unoriginal. Most are considered "copycats" of whatever works in the U.S. We have the "YouTube of China" in Youku (YOKU - commentary - Trade Now), the "Twitter of China" in Sina (SINA -commentary - Trade Now), and the "Facebook of China" in Renren (RENN - commentary - Trade Now). But, so far, rather than being credited for trying a new approach, NetQin has been penalized for being in too small a niche. The company has taken it on all sides of late. Not only has NetQin been punished by investors as part of the "anti-China" bias that has permeated the market in May and June, it was targeted for criticism even prior to its IPO.
RealMoney Contributor
6/27/2011 1:45 PM EDT
Click here for more stories by Eric Jackson
NetQin Mobile (NQ - commentary - Trade Now) is a Chinese company that went public less than two months ago. It's been a bumpy ride -- shares have dropped since the IPO, as NetQin has been caught in the downdraft of everything China-related in this most recent market swoon.
Tuesday, June 14, 2011
5 Observations About China
By Eric Jackson Here are five things I've noticed about China right now. 1. China's growth story is still going strong, but it's definitely slowed a little. I got a lot of questions on this, since back in the States, we hear the news headlines about PMI and GDP growth in China cooling things down. People want to know if this is accurate or not. I went around to all the big cities on this trip (Beijing, Shanghai, Hangzhou, Guangzhou and Shenzhen). I met with about a dozen companies. I can only give my anecdotal impressions, but I would say that growth is still phenomenal relative to the U.S. The number of cranes erecting buildings everywhere is still hard to fathom. How quickly new buildings have gone up since my last trip is also amazing to see. That said, though, relative to six months ago, the pace of growth seems to have slowed a touch. So, the actions that the government has taken have definitely had an effect. 2. Chinese property developers have been pinched by the government's tightening measures and prices are flat, so the actions are working. People always want to know about whether there's a housing bubble in China and if it's about to burst. I don't think that's going to happen in the near term. The steps that the government took to cool down the property market have worked. You hear of some property developers now being caught in a situation where they got themselves involved in quite a number of large projects and now these measures are pinching them. Prices are stable at the moment in many cities -- not down but not up. [*** This post is an excerpt of the full article, available by clicking here to go to RealMoney.com. Note: subscription required. ***]
RealMoney Contributor
6/13/2011 10:45 AM EDT
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It's been 10 days since I left for China, and since I've been over here, Chinese tech stocks have taken a nasty fall.
Several folks from back in the U.S. who have been following my trip updates on Twitter have asked me what differences I have noticed since my last trip to China in November 2010 and whether China's growth story is still intact.
Thursday, December 16, 2010
Chinese IPOs Defy Value Logic
Eric Jackson says it's ridiculous to talk about trailing revenues with these companies. Eric owns AAPL, YOKU and DANG.
Monday, December 13, 2010
Chinese IPOs and the Value Investor
By Eric Jackson However, the inevitable backlash started to come against both companies. Most of the critics of both companies are Bill Miller-esque raging value fundamentalists. Speaking about Youku, you often hear the complaint, "How can a company that had $35 million in revenue in the first nine months of the year and lost money be worth $5 billion?" (That was Friday. It's worth less today, but you get the point.) I consider myself a value investor at heart. How can you not like the idea of picking up something for 50 cents when all indications are that it's worth a buck? And I certainly believe that the market is not always efficient or rational, thereby giving investors many opportunities to pick up something that has been temporarily thrown into the discount bin. At the same time, I've never been good at investing on the basis of momentum or trading the technicals of a chart. Many people do it every day and swear by it. But that's just not me. However, speaking as a "value guy," I get a little sick at the self-righteousness of some value investors and their criticisms of these Chinese IPOs. The simple truth is that any pure value investor missed Amazon.com(AMZN - commentary - Trade Now) after its IPO and for the last 13 years since. I don't think there's ever been a time during that stretch -- even post-Lehman -- when a value investor would have been said to get into Amazon. Yet it's been a great investment over that period.
RealMoney Contributor
12/13/2010 5:01 PM EST
Click here for more stories by Eric Jackson
A week ago, I think it's fair to say that 99% of investors and probably 99.5% of the media weren't paying attention to the fact that Youku (YOKU - commentary - Trade Now) or Dangdang (DANG - commentary -Trade Now) were going public.
However, after these stocks immediately jumped over 160% and 80% in value on their first day of trading on Wednesday, people sat up and took notice. Then, as their prices kept going up on Thursday and Friday morning, people's jaws started to really drop.
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