From “A” to “Zynga,” here’s an unofficial list of 23 tech companies that, according to rumors, will IPO in 2011 or 2012.
With revenue growth that might be as high as 100+ percent per year through 2015, here’s a short list of the Top 4 leading e-commerce sites in China in 2011.
Despite the fact that shares in Taobao are as-yet unlisted, the company still tops my list of the top three best China tech stocks for 2011.
Youku (YOKU) and China Dangdang (DANG) shed nearly 10 percent each after the mandatory silent period ends on the stocks.
The CEO of E-Commerce China Dangdang, Inc. (NYSE:DANG), Guoqing Li, railed publicly against Morgan Stanley (NYSE:MS) over the weekend after watching the shares he sold at $16 more than double to $33 in just over a month of trading on the NYSE.
Despite fears of online competition poaching clients from DANG, the company is the undisputed market leader in online book sales in China. Their client base is literate, tech-savvy and comfortable making purchases online. They also helped the company pull in $2.4 million in net income last year.
Rome, as they say, wasn’t built in a day. Neither was Amazon, and neither will China’s leading online e-commerce site. If DANG proves to be that site, it could be rewarding. Just take a look at Amazon’s chart over the past 13 years, and you’ll see a stock that’s up 10,000 percent.