China Internets Youku, Dangdang Soar 161%, 87% In U.S. Stock Market Debuts
Investors can't seem to get enough of China. In their U.S. debuts Wednesday, Shares for Youku.com (YOKU), the region's No. 1 online video site and called the "Chinese YouTube," jumped 161%, while E-Commerce China Dangdang (DANG), called the "Chinese Amazon," shot up 87%. It's a land grab, as investors want early stakes in China's online ad and commerce markets, says Dennis Wassung, associate portfolio manager for Cabot Money
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