Dang Dang and Youku are finally listed. Both performed very well in their IPO debut in Nasdaq. Share of Dang Dang, one of the largest online bookstore, jumped 87 percent to close at US$29.91 on Dec 8. Youku, the leading online video site, surged 161 percent to US$33.44 yesterday. Its surge was second only to the record set by Baidu.com, the most popular search engine in China, which soared 353 percent when it was first traded in August 2005.

For Youku’s CEO, Victor Koo, his effort in past 4 years has finally pay off. For Dangdang’s Peggy Yu, this is a day she and her husband have been waiting for over 10 years. In the last six months, many of the Chinese tech IPO in the U.S. also have done very well. Data complied by Bloomberg showed that the previous average first-day advance for four Chinese internet firms was 57 percent.

In a venture capitalists conference in Beijing, it is heard 40 more companies are in the pipeline, trying to get listed in such a good investment atmosphere.

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Sherman So

Author of Red Wired: China's Internet Revolution, the first book to completely survey the nature of China's internet. (http://redwiredrevolution.com/) She previously was the lead China technology reporter...