"In the 55 trading days since Shong took Baofeng public on the Shenzhen stock exchange, the developer of online video players has jumped 4,208 percent. The rally, equivalent to 11 years of gains in Apple Inc., has given Baofeng a price-to-earnings ratio 13 times higher than that of Alibaba Group Holding Ltd."
"While the surge has a lot to do with China’s growing mania for equity investment, it’s also emblematic of a shifting attitude among the nation’s technology companies toward local capital markets. Led by Baofeng and Carlyle Group LP’s Focus Media Holding Ltd., the industry is dismantling overseas ownership structures to take advantage of soaring valuations on domestic stock exchanges and government incentives to list at home."
"Internet companies on Chinese exchanges now trade at a median 89 times estimated 12-month earnings, versus 25 times for global peers, according to data compiled by Bloomberg."
The 4,200% Rally That’s Bringing Tech Stocks Back to China
is my attempt to share (via this website as well as twitter) relevant finance stories from Asia that I find interesting (on a daily basis).