BlogChina Aims for Nasdaq

From Asia Pacific Media Network: CHINA: BlogChina aims for Nasdaq

"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. "

"Mr Fang, who was the first to coin the Chinese word for blog (bo-ke), has steered BlogChina into the dominant mainland weblog portal with more than two million bloggers as at the end of May."