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Chinese Internet stocks rise AH on Alibaba numbers

  • Chinese Internet stocks, hit hard by March/April's momentum stock selloff, are up in AH trading after Yahoo reported Alibaba's Q4 sales and net income respectively rose 66% and 110% Y/Y.
  • BIDU +3.4% AH. SINA +1.7%. DANG +2.8%. VIPS +3%. QIHU +1%. WUBA +1.1%. YY +1.3%. YOKU +2.2%.
Comments (8)
  • MJ Pragmatist
    , contributor
    Comments (122) | Send Message
     
    Down 30% on market rotation and mini corrrection. Up 1% on positive news.
    15 Apr, 05:43 PM Reply Like
  • Michael Bryant
    , contributor
    Comments (5528) | Send Message
     
    Everybody is talking about (BIDU), but what about (SINA)?
    15 Apr, 06:42 PM Reply Like
  • James Sands
    , contributor
    Comments (2051) | Send Message
     
    Sina's growth is pegged to Weibo.
    15 Apr, 07:57 PM Reply Like
  • nedilwo
    , contributor
    Comments (63) | Send Message
     
    Weibo (WB) IPO offering is tomorrow April 17 (I believe). IMHO, I think selling Weibo is a terrible strategy. Sure, Sina receives cash, and Alibaba gets a stake in Weibo (at a discounted price), but what is Sina's strategy.

     

    And while on the general subject, what about Tencent and WeChat?
    16 Apr, 09:18 AM Reply Like
  • James Sands
    , contributor
    Comments (2051) | Send Message
     
    nedilwo,

     

    Weibo will be interesting, since Sina will own over 50% and recognize their operations still, but Alibaba will own near 35%. If Sina eventually becomes a minority owner, I do agree that they will be challenged to grow their business, similar as the situation that Yahoo is in.
    16 Apr, 10:21 AM Reply Like
  • Michael Bryant
    , contributor
    Comments (5528) | Send Message
     
    When is the Alibaba IPO?
    16 Apr, 10:04 AM Reply Like
  • James Sands
    , contributor
    Comments (2051) | Send Message
     
    Alibaba has not filed any information with the SEC yet. They are supposed to file an F-1 draft prospectus leading up to their listing.

     

    Weibo has filed their F-1 with three amended versions and they have filed a "Certification by the National Association of Securities Dealers Automated Quotation approving securities for listing", which means they will list soon. A maximum offering price of $19 has been disclosed.
    16 Apr, 10:18 AM Reply Like
  • James Sands
    , contributor
    Comments (2051) | Send Message
     
    http://seekingalpha.co...
    16 Apr, 03:47 PM Reply Like
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