--- description: Shares of Beijing Baofeng Technology Co. have soared since going public in China 56 days ago. title: This Tech Stock Is Up 4200% in Less Than 2 Months image: https://static.time.com/v3/assets/bltea6093859af6183b/bltab1529f7959f7002/69885447cd6848144b0a0531/459987276.jpg?branch=production&width=3840&quality=75&auto=webp&crop=16:9 ---  * [Business](/section/business/) ## Business Update your preferences in [Account Settings](/account/preferences/) Close # This Tech Stock Is Up 4200% in Less Than 2 Months by [Stephen Gandel / Fortune](/author/fortune/) ## Stephen Gandel / Fortune Update your preferences in [Account Settings](/account/preferences/) Close Jun 12, 2015 4:43 PM CUT  Investors watch the electronic board at a stock exchange hall on December 5, 2014 in Haikou, China. Investors watch the electronic board at a stock exchange hall on December 5, 2014 in Haikou, China.ChinaFotoPress—ChinaFotoPress via Getty Images by [Stephen Gandel / Fortune](/author/fortune/) ## Stephen Gandel / Fortune Update your preferences in [Account Settings](/account/preferences/) Close Jun 12, 2015 4:43 PM CUT And you thought Apple’s shares have done well. The stock of a Chinese technology company has risen just over 4,200% since it went public just 56 days ago. The amazing run, [Bloomberg notes](http://www.bloomberg.com/news/articles/2015-06-11/the-4-200-rally-that-s-bringing-internet-stocks-back-to-china "undefined"), is equivalent to the past 11 years of gains in Apple’s shares. It also gives the company, Beijing Baofeng Technology Co., an almost unbelievable valuation of 715 times earnings. That’s 46 times Apple’s P/E of 15. Earnings at Beijing Baofeng, which develops online entertainment tools such as video download converters and movie players, are projected to drop 30% in the next year. But the company’s stock run probably has less to do with Beijing Baofeng itself than with the general euphoria for Chinese Internet stocks among local investors. Beijing Baofeng is one of a growing number of technology companies that are choosing to list their shares on China’s own stock exchange rather than in Hong Kong or in the U.S. Alibaba Group’s U.S.-listed shares have fallen to a recent $88 from a high of $120 back in November. Janus Capital’s Bill Gross, a legendary bond investor, recently said that the technology-heavy Shenzhen market, where Beijing Baofeng is listed, would be a great trade for short-sellers, who bet that shares will go down. ```json [{"@context":"https://schema.org","@type":"NewsArticle","@id":"https://time.com/3919303/china-tech-stock/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/3919303/china-tech-stock/"},"headline":"This Tech Stock Is Up 4200% in Less Than 2 Months","datePublished":"2015-06-12T16:43:31.000Z","dateModified":"2026-04-13T08:05:43.524Z","description":"It's the equivalent of 11 years of gains in Apple's shares","url":"https://time.com/3919303/china-tech-stock/","keywords":["Tech","China","Shenzhen","pubdesk"],"thumbnailUrl":"https://static.time.com/v3/assets/bltea6093859af6183b/bltab1529f7959f7002/69885447cd6848144b0a0531/459987276.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","author":[{"@type":"Person","name":"Stephen Gandel / Fortune"}],"articleSection":"Business","image":[{"@type":"ImageObject","url":"https://static.time.com/v3/assets/bltea6093859af6183b/bltab1529f7959f7002/69885447cd6848144b0a0531/459987276.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","width":1200,"height":675,"headline":"China Stocks Close Higher Friday","caption":"China Stocks Close Higher Friday","creditText":"ChinaFotoPress—ChinaFotoPress via Getty Images","representativeOfPage":true}],"publisher":{"@type":"Organization","name":"Time","url":"https://time.com/","logo":{"@type":"ImageObject","url":"https://time.com/images/logo.png","width":528,"height":156},"foundingDate":"March 3, 1923","sameAs":["https://www.facebook.com/time","https://www.instagram.com/time/?hl=en","https://twitter.com/time","https://www.pinterest.com/timemagazine"]}},{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"item":{"@id":"/section/business/","name":"Business"}},{"@type":"ListItem","position":2,"item":{"@id":"https://time.com/3919303/china-tech-stock/","name":"This Tech Stock Is Up 4200% in Less Than 2 Months"}}]}] ```