Hope may very well be around the corner in the form of Alibaba.com
For those of you who have been in the witness protection program without access to the internet, alibaba.com is sort of what would happen if e-bay and craigslist got married and learned how to speak Chinese.
The aforementioned Baidu.com often referred to as "The Chinese Google" has returned 316% since it listed on Nasdaq just over 2 years ago. Although Alibaba isn't yet available to retail clients here in the states (only available to institutional guys via 144A), the fact that it's been oversubscribed 50 times gives an indication of the demand for this stock.
In other words, be patient; it's coming.
There's so much demand for this thing that they just revised the range today from 10-12 HK$ to 12-13.50 HK$
With a 40% stake in the company, Yahoo may finally have something to smile about when staring at Google. We'll find out on Monday.
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