Two Chinese tech stocks SouFun Holdings Ltd. (NYSE: SFUN) and Qihoo 360 Technology (NYSE: QIHU) ranked No. 2 and No. 4 respectively of the top 10 best-performing tech stocks by total return in the US stock market in 2013, according to this Forbes post published on December 23th (The writer doesn’t believe there will be any changes in the ranking by the New Year’s Day).

SouFun stock is up 218% as of Dec. 20th and Qihoo’s up 165%. SouFun is one of the largest online real estate information and service providers in China. Qihoo is a rising star in China Internet market that became a threat to Baidu’s search dominance and started monetizing its own search service from early 2013. It’s clear to see where investors’ confidence is in. It also has something to do with the general performance of the US stock market in the second half of this year.

Thanks to issues like VIE, fraud and accounting scandal, Chinese stocks in general were not well received in the US stock market in a couple of years before 2013. In 2012, only two Chinese tech companies, VIPshop (NYSE: VIPS), an online discount retailer for brands, and YY Inc. (NASDAQ: YY), an online video/voice communication service provider, launched IPOs in the U.S.. The YY founder said he felt so nervous when his team decided  to tell investors that the company would go public at a low price.

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Tracey Xiang

Tracey Xiang is Beijing, China-based tech writer. Reach her at traceyxiang@gmail.com