After a year that saw the burgeoning entrepreneurship cutting across China in 2011 and a following year that tasted the backlash in 2012 — painfully leads to the termination of venture capital spree in addition to the shutdown of innumerable failures, we are now at the end of 2013 and looking back at a year which is neither so good nor so bad for Chinese TMT industry.

IPO Window Reopens

I’ll start with the not so bad part. Just so you know, 2012 was a dud for both the startup and venture capital world with only two startups made it to the public market — YY(NASDAQ:YY) and VIPShop(NYSE:VIPS). The gloomy picture was mostly painted by the sustained worldwide economic downturn and worries over accounting fraud that dogged and derailed several China concept stocks over the past two years. Now in 2013 that picture – which apparently was put upside down — turned around and turned out to be a masterpiece. We have six companies, including 58(NYSE:WUBA), 500Wan(NYSE:WBAI), AutoHome(NYSE:ATHM), Lightinthebox(NYSE:LITB), SUNGYMobile(NASDAQ:GOMO) and Qunar(NASDAQ:QUNR), successfully pulled off long-awaited IPO.

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Ben Jiang

Listener of startups, writer on tech. Maker of things, dreamer by choice.