Facebook: A Chinese Social Network With Cheaper Pricing Ratios
Facebook should be worth more than USD 50 billion? Wedbush analyst Lou Kerner expected in the case of an IPO a valuation of about USD 100 billion and Facebook CEO Mark Zuckerberg should have announced a goal valuation to his employees of USD 1,000 billion.
Nobody knows but true is that Facebook is only the number two in social networking. The most successful social media network by financials and users comes from China. While almost none of the 1.3 billion populations have ever heard of sugar's platform, nearly 636 million people use the Chinese internet platform to communicate and share private stuff.
Here is a company that is listed on the Hong-Kong Stock Exchange and leads the Chinese market for social networking. The company has a market capitalization of USD 44.2 billion and 636 million users. It serves USD 1.3 billion cash and generated sales in an amount of USD 1.8 billion; Net income was USD 0.7 billion.
Chinese Facebook with some fundamentals....