Feb 03 - Chinese Social Media Stocks Boosted by Facebook’s IPO

Source: ChinaScope, ChinaScope Financial (Data)

+    Facebook Inc. submitted its IPO application to the US Securities and Exchange Commission (SEC) on February 2, which led Chinese media stocks on an upward trend in the recent trading sessions.

+    Boosted by the news of Facebook’s IPO, Renren Inc. (NYSE: RENN)’s stock price shot over USD 6 in January 30, and closed at USD 5.48 on February 3.

+    The closing price of Sina Co. (NASDAQ: SINA), owner of a major Chinese micro blog, was at USD 75.30 yesterday.

+    Related Companies: Renren (NYSE: RENN), Sina (NASDAQ: SINA), Tencent (HKEX: 0700) 

+    Related Data: Contribution  of Advertising Revenue to Total Revenue, Comparison of Margins, Growth Rate of Daily Active Users, Growth Rate of Monthly Active Users, Number of Registered Users on Major Social Network Sites 

Renren is involved in more types of online business, and rely less on advertising compared to Facebook .

DAU Growth Rate of Sina’s Weibo declined sharply in the second half of 2011.

Tencent leads all Chinese social networks in the number of registered users. 

Trading Comparables

For more data on the Chinese TMT industry and companies, please visit www.chinascopefinancial.com

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