China’s Second Internet Bubble?
Interest in Chinese Internet companies has reached fever pitch. Fueled by the fact that roughly fifty percent of the companies that went public on NASDAQ last year were Chinese in origin, at least 17 more high-profile companies are planning foreign IPOs this year. Yet given the fact these businesses still face massive market and political risk, their planned valuations are unsettling many investors and rekindling memories of the late 1990s boom.
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