chinoiseries 360

Qihoo 360 Technology Co. (NYSE: QIHU) is not just another Chinese IPO for American investors. This one brought the growth theme of China, the internet, and security all in one offering. It might also be bringing up yet another bubble or worries of a bubble in Chinese companies wanting to sell shares to Americans. If you have seen all of the newly public Chinese companies which either have had accounting issues or which fall under those speculated or rumored to have possible accounting issues, then at least some concern is merited. Maybe this was just extreme opportunity knocking. Qihoo is said to be China’s third most popular internet company due to its secure browser. Ecommerce China Dangdang (NYSE: DANG) and Youku.com Inc. (NYSE: YOKU) would likely have been followed by many more Chinese internet IPO filings had it not been for some concerns being brought up over reverse merger companies. Both of those were legitimate IPOs, but as Herb Greenberg points out on CNBC it is hard for a US investor to really know which companies are which. Youku.com has held up rather well, while China Dangdang is considerably off its highs.