H: This is China Daily studio. I’m your host Qiang Xiaoji. Today, we will speak to Mr. Wang Song, President, CEO and Co-Founder of ChinaCache International Holdings Ltd. Hello, Mr. Wang.

W: Hello.

H: You have been leading ChinaCache for about 13 years, making it from a start-up company in 1998 to a leading provider of professional Internet content and application delivery services in China and listed on NASDAQ on Oct 1, 2010. I heard that when you texted Ding Lei, founder and CEO of NetEase, telling him “We are listed,” Ding’s reply was “the game is just getting started, buddy.” Now, it’s almost been a year, how do you feel about the “game”?

W: To be frank, in the past year, what we have experienced has not been expected. I really appreciated Ding’s support for us. And up to now I have realized what his text message meant. It’s true. The game has just started. We have a long way to go.

H: In fact, on Oct 1, 2010, ChinaCache went up by 95 percent and closed at $27.15. It broke the record for daily increases of US-listed companies on the debut since 2007 and also the record for all NASDAQ IPOs in the past three years. Obviously, ChinaCache’s IPO is widely welcome and accepted by the market But in the March-May period, 18 Chinese companies were suspended from trading by NASDAQ or New York Stock Exchange, and four companies were delisted. Later, Interactive Brokers released a list of 132 Chinese enterprises which may have financial problems. Some hedge funds even built short positions on a few stocks of Chinese companies. Is ChinaCache affected?

W: From Oct 1, although the stock price of our company is like taking a ride on a roller-coaster, but our business is not directly affected. The rise and fall of the capital market is normal, I must say. For companies, IPO is only a new start. It is the 13th year for ChinaCache. So it’s a new round of 12 years for the company. So I think no matter how high or how low the stock price is, it does not represent how good or how bad our business is. I think what’s more important is to focus on the long-term development of the company. IPO only provides a new stage for the company, helping the company develop faster. So what we care about is the development in the next 10 or 20 years. Short selling, doubts or over speculation are all abnormal phenomenons. I think a company should endure all these ups and downs to be an international icon.

H: So your company has been doing your business cautiously. What causes mistrust in Chinese companies and has lead to this phenomenon?

W: As you have said, investment banks also said ChinaCache’s successful IPO last year did encourage many Chinese companies to go listed. Some companies might be ready, some might not. They rush to go listed in the US, afraid of losing the opportunity. However, in such a market environment, there will be outstanding companies and also fish in the troubled water. Through natural selection, really good companies will survive and companies that are not qualified will be eliminated from the market. I think it’s a good thing.

H: A few days ago, Standard & Poor downgraded US government debt, which triggered a new round of tumble in the global stock markets, and affected some Chinese concept stocks listed in the US. Has ChinaCache been affected?

W: I think these Chinese companies were all affected to some extent. The stock of our company is at the lowest point since IPO. I think the effect is only temporary. If you take the development of the company, Chinese economy and the global market into consideration, you will find China’s economy and China’s Internet have the biggest potential for investment.

H: Do you think the crisis shows that investors are not confident in Chinese concept stocks?