Internet IPO Banquet Awaits Facebook to Clear the Market: Capital Bets Create Bubble

The recent wave of Chinese Internet companies going public has fuelled talk of a bubble. Sohu CEO Charles Zhang said: "Many Chinese companies are now packaged as being similar to foreign companies in the same category - for example, Renren is packaged as the 'Chinese Facebook'. But it can only be said that conceptually they are similar; it is not the same as already being Facebook."