Jamil Anderlini: BlogChina aims for Nasdaq
From The South China Morning Post, via The Asia Pacific Media Network:
The company that launched China’s leading blog portal plans to list on the technology stock-heavy Nasdaq exchange by the second half of next year and hopes to achieve a market capitalisation of more than US$1 billion, company officials said yesterday.
“I expect we will surpass Sina with our [initial public offering] next year,” said BlogChina founder and chief executive Fang Xingdong, as he outlined plans for the next stage in the firm’s meteoric growth.
In 2000, Sina Corp became the first mainland technology company to list on Nasdaq. It was followed by competitors Sohu and Netease.