In the wake of Alibaba's market-busting IPO, Magdalene Miller from Standard Life Investments takes a look at the other internet-based companies in China battling it out.
As I was browsing in a bookshop in Beijing airport, I noticed over half of the top ten selling titles were internet-related. Number one was authored by the CEO of search engine Qihoo 360, and also on the list was Jack Ma, the distinguished founder of e-commerce platform Alibaba, who was recently crowned the wealthiest man in China by Bloomberg. 20-bagger The internet has indeed enveloped China. It was on a trip like this that we identified a 20-bagger, in the form of online discount brands retailer VIP Shop. This company has enjoyed competitive success, partly through use of so-ca...
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