| In the decades since the Internet technology was born,the Internet has gradually penetrated into people's lives.As of December 31,2017,the penetration rate of the Internet in China has risen to 55.8%.Based on this,the Internet industry has attracted a large number of enterprises.enter.For internet companies in the early stages of corporate development,the special nature of low-efficiency and light assets makes it difficult for them to easily obtain funds needed for corporate development from domestic sources.Therefore,Internet companies have successively chosen to go abroad to solve the increasing capital needs of companies through listing.In 1999,CDC opened a new door for Internet company financing,successfully listed transactions in overseas capital markets,and became the first domestic Internet company to successfully visit overseas capital markets.Sina,Netease,and Sohu also followed suit in foreign capital markets.At this point,the first wave of overseas listings of the domestic Internet industry kicked off.Companies such as Shanda Networks,Tencent,and Baidu launched a second wave of successful overseas listings in 2004.In 2007,Perfect World,Giants,Alibaba and others started the third wave of overseas listings.The fourth wave of overseas listings was launched in 2010 by Youku,Dangdang,and Renren's successful landing overseas capital markets.In 2014,the successful launch of overseas companies such as Sina Weibo,Jingdong,and Alibaba opened the fifth boom.In 2015,the overseas listing of Appropriate Lending also led a number of online lending platform companies to choose overseas listings and started the sixth overseas listing boom.This article starts with the six overseas listing booms.The details are as follows:The first part mainly describes the five topics from the background of the topic selection,the possible significance of writing this article,and the research status of the domestic and foreign scholars.The second part elaborated the history of the overseas listing of companies in the Internet field,and conducted in-depth analysis of the driving factors and the selected methods and locations for companies to choose to go overseas.The third part makes a detailed analysis of the selected Internet companies' pleasant loan companies from the company's profile,the reasons for listing,the way of listing,and the listing process.The fourth part explores the effect of the overseas listing of pleasant loans,mainly from the research on the share price and financial performance after overseas listing.The fifth part compares and analyzes the pleasant loan and the letter,rich,and interesting shops from the company's profile,the stock price after the listing,and the financial aspect.In the sixth part,the analysis of successful overseas listings of loan-friendly companies led to several suggestions for preparation for overseas listing and overseas listed companies: Enterprises that intend to go abroad for listing transactions should be rationally self-positioned,and should not blindly make choices;in the process of overseas listing,we must make reasonable use of the strength of overseas professional organizations to avoid infringing on the regulatory red line of overseas capital markets;enterprises that have already listed overseas should We must rationally use hard-won market resources and open up overseas markets;for more demanding overseas capital markets,companies should strengthen the disclosure of their own information. |
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