Unfortunately, the investors in the large Chinese Internet companies, especially in the past two years, have lost a major part of their investments. Baidu (BIDU), is down 40 percent, Sina (SINA) down 60 percent, and Renren (RENN) down 85 percent. The once popular investments are now finding a huge decline.
The decline can be attributed in part to a sluggish performance of the Chinese market. However, Chinese Internet companies have their own specific problems. The majority of these companies suffer from a lack of profitability, and some have had problems with regulators both in China and the U.S.
If you have experienced financial losses due to your stockbroker or financial advisor’s recommendations in these and other Chinese Internet companies, call Soreide Law Group for a free consultation with an attorney at: 888-760-6552.
JOSEPH KELLY (JOE KELLY) has been registered as a broker with VCS VENTURE SECURITIES of New York, NY since 6/17/2026. He was previously registered with SPARTAN CAPITAL SECURITIES LLC of New York, NY from 01/13/2017 - 12/18/2024. According to FINRA’s BrokerCheck, available to the public on FINRA’s website, JOSEPH KELLY has 21 years of experience […]
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