March 18, 2009


Online game business, a unit of, is preparing an IPO on NASDAQ under symbol CYOU and hopes to raise well over $100 million (US Dollars). CYOU will be the first Chinese IPO in 8 months and coming just after NASDAQ's longest dry spell in a generation. Internet gaming continues to boom in China and makes the consumer discretionary sector a rare target for investors as the Chinese economy struggles to maintain growth....

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