first domestic Internet companies listed on U.S. CDC Corporation Nasdaq delisting from the U.S. reverberation still around, October 13, listed the United States had prepared an ambitious exhibition of domestic Internet download giant hands and feet .Thunder suddenly announced the termination of the United States market. .In the end is the giant Internet companies suddenly "acclimatized" or this year's international investment predators hunting for Chinese stocks so fast Lei Xinsheng cold, let us take a closer look. .

10 13, to suspend the listing of Thunder twice to the United States application documents filed with the SEC, said the weak U.S. economy and the deterioration of the debt crisis led to the capital market cooled, the company ultimately decided to cancel the visit is satisfied .Nasdaq's IPO plans. .

4 months ago on June 9, Thunder to the U.S. SEC submitted the listing application, the transaction code for XNET, underwriters JP Morgan Chase and Deutsche Bank. .Public offering of 760 million shares at an issue price range of 14-16 U.S. dollars, the proposed financing of $ 112.5 million. .However, the Thunder then turn down the offering price range of $ 2, raised to 12-14 dollars. .

Thunder originally scheduled July 20 at the NASDAQ, but the 20 day temporary and adjusted to July 21 listing. .

but on July 21, Thunder has released a statement saying the U.S. market, poor market conditions, planned to cancel the listing plan in the day, specific time extension to be determined. .Thunder extension listed in the announcement released at the same time, the original plan listed on July 29 announced the grand literature, road shows for the same reason and the extension listed. .

time, the Thunder CEO Zousheng said Longtop events such as the U.S. investors in China's listed companies, there are concerns about the value of long-term funds look down upon China, listed on this market environment, the value does not reflect the Thunder .. .Decided to defer the listing of the company, if the environment is improved, you can start at any time. .

Thunder vice president Wang Shanna interview, said: "The U.S. market in poor condition, resulting in the release that we think can not reflect the value of the company, so we chose to suspend the open market and fund-raising."

.and Thunder, and almost simultaneously an extension to submit a listing application listing relevant person in charge of the grand literary interview, Wang said, listing of the suspension of Thunder "No comment." .

Thunder listed "thrice,"

"Zuo Zhuan", "Cao Gui debate" had the "big bang, and then to decline, and thrice," said. .Four months ago, when the Thunder in the paranoia of the Chinese stocks listed on the application submitted, the industry generally believe that their courage. .But not wishing to, eventually come to a "thrice." .

for the Thunder this from the "extension" to "cancel", Thunder vice president Wang Shanna said in an interview, reason for cancellation Thunder IPO plans, simply because now the U.S. market due to poor performance. .Now listed are likely the same as potatoes bleeding condition, too much damage to the company, and before the US-listed Chinese stocks stocks, also fell in a mess, so the bad economic situation in the environment, the market really is not .a good time. .

Tudou just listed the responsible person, said in an interview, declined to comment on the Thunder this delisting. .

first Chinese video site Youku responsible person interview, said Victor Koo, chairman of the current out of the country, as of press time, were not feedback. .

In addition, the acquisition of video site in late September nets all 56 companies, from the beginning through the "big shake" Cool 6 network and in the second quarter comeback Tencent hand heavily on the same video that the inconvenience of .this comment. .The saliva has just happened with the Thunder STORM war, also said at this time inconvenient position. .

profit model is not recognized by investors

in order to meet the preferences of U.S. investors, Thunder has been through the transition to the video site itself repackaged. .However, the late start of the Thunder, the copyright has accumulated enough, while the U.S. market is very valued intellectual property risks, Thunder also frankly stated in the prospectus, the company faces the challenge of protecting third party intellectual property. .Information, 126 in 2010 from the Thunder suffered a copyright complaint. .Currently, the Thunder are still being processed more than 30 infringement proceedings, claims amounting to $ 3.4 million. .

music Watch COO Hong Liu, said in an interview: "The current video industry, music Watch the GEM, Youku, potatoes, etc. in the U.S. market, capital market development model for the video site has .a more clear analysis, the future of video companies will face more stringent market access conditions. In addition, as video sites mature, more development of the industry standard. financing and capacity development models, copyright ownership, competitive way .constrain the development of the industry which, Film and Television rights have become the industry's strategic resources, can effectively solve the copyright issues, access to the development of copyright resources will become a top priority. "

Sohu Video .person in charge said: "The choice of what time a company listed and a number of factors related to both the operations of the company, including the external environment, the choice for the Thunder to comment Sohu video inconvenience, but the establishment of a genuine mode, the entire video industry is .high-speed growth, I believe that in the near future there will be more video's to get the capital market's positive. "

follow-up to be listed or be affected

addition to most of the video counterparts of Thunder .delisting comment, many overseas companies listed will have also remained silent. .And Thunder listing application and almost simultaneously an extension of the grand literary market the responsible person said, "Shanda Literature revenue during the first half of 2011 net revenues of 311 million yuan, an increase of 111%," but the listing is for a change, were not .position. .

well-known electrical Eslite's Web site, Jingdong Mall has recently been rumored listing, for the Thunder's "thrice", the two companies said in an interview declined to comment. .Similarly, the old rival Thunder STORM had also exposed the listing, also remained silent on the matter. .

industry, said the cancellation of listing of Thunder, the follow-up to prepare the United States listed China Internet companies would certainly produce more or less negative impact, will reduce their valuation, and for the video to be listed .website is a greater impact. .Prior to the forced transformation of Ku6, 56 nets were all acquired and the introduction of Sina Tudou capital, show that investors expected profits on the video site less and less patience, think about the future of video sites to obtain the favor of foreign investors ., very difficult. .

Internet veteran Xie said that China stocks of winter will continue, first because the U.S. economic recovery uncertain, the overall stock market slump; the second is the end of this year a large number of Chinese companies to the United States .market, after a rose is bound to experience a downturn after, and this downturn will not soon be over. .

Dealogic data released in September, 2011 has been canceled or postponed the IPO companies in the United States the number of 215, not only is the Thunder, TMT industry, almost all of the proposed IPO of the company are much affected. .

Thunder investors exit or a problem

If the Thunder can not always listed, then the Thunder become difficult for investors to exit. .

public information, the Thunder 2002 by Zousheng and Cheng Hao was founded in the U.S. Silicon Valley, the main products of Thunder downloader, China's largest download service providers. .In addition, online with Thunder, Thunder take a look at the client and other products. .Thunder in the first quarter of 2011 revenues $ 15.4 million, representing growth of 98% over the same period the previous year, net profit of $ 1.77 million, compared with a year earlier to 154 million U.S. dollars increased 15%. .In other words, the Thunder has been profitable before listing. .

2003 onwards, the Thunder has won IDGVC, Morningside Technology, Ceyuan, Fidelity Asia, 360 Chairman Zhou and Google's venture capital, which Google holds about 2.8% of the shares of Thunder .. .

April 17, News Corp. Chairman Rupert Murdoch by RW (R is the first letter of the name of Murdoch, W is the first letter of the name Wendi Deng) Thunder investment company to inject $ 29.4 million. .Murdoch also confirmed this: "Wendy and I recently invested in a secret Chinese Thunder."

Since then, the Thunder prospectus, Sohu has agreed to purchase $ 10 million Class A common stock, price and .IPO issue price of the same. .Thunder underwriters with an agreement not to sell these shares within 180 days. .However, Sohu responsible person 18 on the recognition: "Thunder on the premise that the sum investment IPO, IPO Thunder cancel, the transaction is not established." Thunderbolt investors, one of 360-odd tigers Chairman Zhou said in an interview ., cancel the IPO will not stand for the Thunder. .

industry sources, the abolition of IPO investors are injured on the Thunder, Thunder should be the future market will choose restart, otherwise be difficult to achieve the exit. .(Text / "3.