By GADY EPSTEIN Youku CEO Victor Koo is a billionaire, on stock paper.
The word in Chinese for bubble is “paomo.” Investors would do well to learn it. There are some Chinese Internet companies that will make real money, not just investors’ dollars, from this bubble, and investors would do well to learn their names too (see below for those). For the companies that just IPO’d, congratulations are in order to their CEOs and to their investment bankers, who timed the markets perfectly for the “China Internet” play.
As in any bubble worth its foam, investors are not frightened but actually excited by all the talk about crazy Chinese IPO fever. The headline on this article, “China IPOs: How Do You Say ‘Bubble’ In Chinese?”, likely just prompted some investors to click “bid” on $YOKU in an almost perverse Pavlovian response.作者: not4weak 时间: 2010-12-9 14:12
