No fear of the bubble: More Chinese Internet firms rush for US IPO
With two Chinese Internet firms recently landing the New York Stock Exchange (NYSE) and with more expected to follow, the US capital market is likely to see an IPO boom of Chinese companies in May. Analysts, however, do not share the same optimism. “American companies blew the dot-com bubble 10 years ago. Now it’s the Chinese companies,” said Zhang Chaoyang, chairman of Sohu.com, a major Chinese portal website also listed on the NYSE....