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• YOKU 100% Rate It

 Streaming video company Youku and e-commerce name Dangdang successfully launched their shares in New York today and investors are looking forward to more Chinese Web offerings  ahead.

Youku shares (YOKU ) soared close to 200% at one point today from their $12.80 debut price before ending the day up 160% at $33.44.

Dangdang (DANG ) jumped 87% from its offering price before closing at $20, up 50%.

YOKU has established itself as somewhat more entrenched than its Web video rivals like Tudou, which is planning its own IPO under the ticker symbol TUDO . But while its revenue has expanded a spectacular tenfold a year since 2008, its growth rate has slowed dramatically in the last three quarters -- barely doubling its sales so far this year.

By contrast, TUDO is still growing faster -- its revenue so far this year is more than tripling -- but is coming off a much lower base.

In a world where stocks like Baidu (BIDU ) have become market darlings, the race for the next dot-China play can be intense and possibly even counter-rational.

On the one hand, stocks like YOKU (and eventually TUDO) have massive market potential, given China's sprawling 400 million Web audience. But on the other, neither company is anywhere near profitable.

"Chinese Amazon" electronic retailer DANG is not profitable either, but rival Alibaba (ALBCF ), which counts YHOO ) and George Soros among its investors, is.

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