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Chinese tech stocks: Shanghai IPOs are outperforming US shares

By James Dennin for Kapitall.

The big economic story of the year is the upcoming Alibaba IPO, which could turn out to be one of the largest tech IPOs of all time. 

But there's more to the story of Chinese tech than Jack Ma's widely anticipated international rollout. Chinese companies raised about $3 billion this quarter, the most since 2007. 

And they've outperformed our companies, too. US stocks gained an average of 21% following their 2014 IPOs, Chinese stocks opening on US exchanges gained 33%. 

That got us thinking about Chinese stocks, so we decided to run a screen. To do that we started with the universe of about 50 Chinese tech companies with shares trading on US exchanges.

We then screened for companies experiencing spikes in institutional purchasing—as 11 in our screen were. So we set the screen even higher, only including companies that have had at least 15% of their float purchased by institutional investors this quarter.

This indicates that the experts who run hedge funds and pension funds think the stock is a strong investment. Do you think they're right? Use the list below to begin your analysis and let us know what you think in the comments.  

Click on the interactive chart to view data over time. 


1. AutoNavi Holdings Limited ( AMAP, Earnings, Analysts, Financials): Provides digital map content and navigation and location-based solutions in the People's Republic of China (PRC). Market cap at $1.45B, most recent closing price at $20.87.  

Net institutional purchases in the current quarter at 11.3M shares, which represents about 38.9% of the company's float of 29.05M shares. 

Major investor: GLG Partners LP at a 3.84% stake. 


2. ChinaCache International Holdings Ltd. ( CCIH, Earnings, Analysts, Financials): Provides Internet content and application delivery services to businesses, government agencies, and other enterprises in the People's of Republic of China. Market cap at $372.03M, most recent closing price at $14.67.  

Net institutional purchases in the current quarter at 3.2M shares, which represents about 19.68% of the company's float of 16.26M shares. 

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