E-Commerce China Dangdang, profitable but recently so, also continued to hold up well after nearly doubling on its first day.

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Last year, the high-flying debuts of companies like E-Commerce China Dangdang and Youku.com on U.S. exchanges were a signal of how hot the market for Chinese stocks had become.

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The former, E-Commerce China Dangdang, jumped 87% and the latter, Youku.com, spiked 161% in the best first-day surge since Baidu.com jumped 354% in August 2005, according to Dow Jones Newswires.

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