糖心视频

Earlier this week, the Wall Street Journal about the apparently shaky investment climate in China. The report cited a rocky Chinese stock market, which has been less than kind to previously highly valued Chinese unicorns.

Follow Crunchbase News on

Xiaomi and Meituan-Dianping, which reached the top of the global unicorn charts while private, are not faring as well in public life.

, China鈥檚 affordable smartphone and internet of things device manufacturer, raised a known total of $3.4 billion (inclusive of debt) as a private company and was valued at $46 billion in 2014. The company, which was known for walking a fine line on IP regulations and very slim margins on its smartphones, eyed an IPO valuation of $100 billion.

After scaling back its original goal and then pricing at the bottom end of its HK$17- HK$22 range, Xiaomi made and was valued at $54 billion, just over half of that earlier goal. Since then its stock has declined. At its last close, the company hit an all-time low. Its market cap declined to HK$263.255 billion or about $33.6 billion.

Similarly, , China鈥檚 online-to-offline (O2O) retail company that emerged out of the Groupon craze in the early 2010s, went public in September. The conglomerate raised a known total of $7.3 billion from investors including Booking Holdings, Tencent, China Resources, and Temasek, and reached a valuation of $30 billion before going public.

Meituan-Dianping priced at the upper half of its share price range at HK$69 (about $8.79), raising $4.2 billion in its IPO and reaching a valuation of $53 billion. Notably, the company was reported to have originally targeted a $6 billion raise in its IPO, but lack of profitability may have affected that goal.

During its debut, Meituan hit a share price high of HK$74; however, since October 10, it has not passed the HK$69 mark. The company鈥檚 last close was $HK52, and its market cap HK$275B (or about $35.05 billion)鈥攁 valuation decline of nearly 40 percent.

Investor interest in Xiaomi and, even more so, Meituan led to huge valuations but, as of right now, those high hopes are seemingly dwindling. And they aren鈥檛 the only Chinese companies with low numbers. Here鈥檚 a brief look at some other Chinese tech stocks that are struggling to hold on to first day IPO share prices.

(NASDAQ)

• IPO Share Price: $7.00
• All Time High (ATH): $20.39
• Last Close: $5.20
• Percent Change: -25.7 percent from IPO price (-74.5 percent from ATH)

From CB News: Under The Hood of Quotoutiao鈥檚 IPO Filing

(NASDAQ)

• IPO Share Price: $19
• All Time High (ATH): $30.48
• Last Close: $17.20
• Percent Change: -9.5 percent from IPO price (-44.2 percent from ATH)

From CB News: Walnut Street Group, The Parent Company Of Ecommerce Shop Pinduoduo, Files To Go Public

(NYSE)

• IPO Share Price: $6.26
• All Time High (ATH): $13.80
• Last Close: $5.95
• Percent Change: -5 percent from IPO price (-56.9 percent from ATH)

From CB News: The NIO IPO Looks Like A Huge Gamble, Chinese Electric Car Maker NIO Said To Price IPO At $6.25 Per Share, After Raising $1B In IPO, NIO Falls In Early Trading, Chinese Electric Car Company NIO Soars After IPO

(NYSE)

• IPO Share Price: $9.50
• All Time High (ATH): $20.30
• Last Close: $7.53
• Percent Change: -20.7 percent from IPO price (-63 percent from ATH)

From CB News: This Week鈥檚 IPOs: Farfetch, Eventbrite, And X Financial, X Financial Raises $104.5M In IPO, Begins Trading Today

If this is at all indicative of the Chinese investment market as a whole, that鈥檚 not encouraging. However, as the Wall Street Journal noted, investors are still showing interest in other startups (see Bytedance), and this may give them some leverage.