Tuesday, January 10, 2006

Netease jumps on no apparent news

The news of purchasing of Target Media by Focus Media boosted almost all Nasdaq China concept shares yesterday.

The merger basically gave Focus Media a monopoly in China's outdoor video advertising market. Financial market liked the deal and pushed FMCN by 14.26% to $42.42 per share.

Comparing with Focus Media's rise, the jump in internet portal Netease's shares had nothing accounted for. Ever since Netease's management reduced earning projection for this quarter, the stock has been fallen hard. However, it is still the most expensive Chinese company listed on the Nasdaq. Yesterday, it closed at $67.01 with astonishing 13.76% gain. (it gained another 3.5% today). Netease indicated that the company had not released any earning related news before the stock's rise.

The rise in FMCN and NTES shares clearly boosted American investor's confidence. Shares of Sina, Shanda, C-trip, Tom.com, Sohu.com, China.com, Kongzhong, Linktone, SMI, Asianinfo, the9, Baidu, and VIMicro all gained more or less yesterday.

Reported from Beijing Morning News

2 Comments:

Blogger Alex said...

Dear Maoxianjia,

First of all apologies for posting this message here - I couldn't find your email address.

My name is Alexander Trup and I am a final year student at Durham University, studying Chinese and business. As part of my degree I am writing a dissertation about strategies for foreign Internet companies entering the Chinese market.

For this dissertation I will be surveying and interviewing managers, lawyers and consultants etc. who have had experience with Internet companies in China.

I came across your blog and was wondering if you have had any experience within Internet companies in China.

If you have, a telephone interview would be ideal, but I can understand if you do not have the time. As an alternative I have created a short online survey which should take between 5-10 minutes to complete. It is available at the following address:
http://www.zapsurvey.com/Survey.aspx?id=0f2f64e6-c90d-4dac-9cd2-f3a4c291f3db

Many thanks for your time.

Kind regards,

Alexander Trup
a.a.trup@durham.ac.uk

5:54 AM  
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4:42 PM  

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