Sky-mobi Limited (MOBI)

[newtechinvestor]

Nice breakout today. Pretty quiet board.

Momentum is building for the "Chinese Facebook" play rather than for its mobile app business.

I read they have recently reached 58mil users and growing very fast. I doubt this is fully baked into their price but at some point when they reach critical mass, MOBI's social community Maopao will be monetized. Considering the valuations of Facebook, Twitter, Groupon, Zynga and other social network companies it would interesting how valuable their Maopao will be when they reach over 100mil users later this year.

Facebook = $60-80B

Twitter = $8-10B

Groupon = $15B

Zynga = $10B

Maopao?

Chances are high for speculative movement based on its social community, Maopao.

I am long with the breakout today.