Wall Street preps for more Chinese dotcom listings

The price of shares in most United States-listed Chinese Internet companies surged over the past week after quarterly reports beat investors' expectations.

Wall Street is poised to witness more initial public offerings by Chinese dotcoms, analysts said.

Shares in Dangdang Inc, a US-listed e-commerce website best-known for online book-selling, rose by more than one-third on Feb 27, hours after the company said it has returned to profitability for the first time since 2011.