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升和右侧.

If you’re thinking of investing in Chinese tech stocks, learn those four characters. They mean “up and to the right.” (At least, they do if Google Translate serves me well.)

With a potentially enormous US initial public offering for Chinese ecommerce giant Alibaba on the horizon (even though some sources are saying it won’t happen until next year), and Baidu-controlled travel company Qunar’s impending IPO, it’s worth taking another look at the performance of China’s public tech companies.

What you’ll find when you do look is that they’re on a tear. Just over a year ago, China’s IPO prospects looked bleak, thanks to a string of accounting scandals and poor public showings from the likes of etailer Mecox Lane and online education provider ChinaCast Education. Today, on the other hand, you’ll find Chinese tech companies whose prices have soared over the course of a year. Investors appear to be regaining confidence in the world’s largest country and Internet market. Good timing, Alibaba.

Here’s how the performance of Chinese tech’s most prominent companies looks like over the course of the past 12 months. (Today’s prices all approximate.)

21Vianet (Nasdaq:VNET)

What it does: Data services provider

Stock price at IPO: 15 (April 2011)

Stock price a year ago: 11.68

Stock price today: 17

Vnet

Baidu (Nasdaq:BIDU)

What it does: Search, communications

Stock price at IPO: 27 (2005)

Stock price a year ago: 114.29

Stock price today: 158

Baidu

Tencent (HKG:0700)

What it does: Communications, games, ecommerce

Stock price at IPO: HK$3.70 (2004)

Stock price a year ago: HK$259.60

Stock price today: HK$417

Tencent

Yokou Tudou (NYSE:YOKU)

What it does: Online video

Stock price at IPO: 12.80 (NB: Youku went public in December 2010, before merging with competitor Tudou, which was also public, in August 2012).

Stock price a year ago: 19.52

Stock price today: 31

Youku

YY (Nasdaq:YY)

What it does: Streaming communications platform

Stock price at IPO: 10.50 (November 2012)

Stock price today: 49

YY

VIPShop (NYSE:VIPS)

What it does: Ecommerce

Stock price at IPO: 6.50 (March 2012)

Stock price a year ago: 8.00

Stock price today: 69

VIP

Qihoo 360 (NYSE:QIHU)

What it does: Security, games, communications, search

Stock price at IPO: 14.50 (March 2011)

Stock price a year ago: 22.49

Stock price today: 83

Qihu

LightInTheBox (NYSE:LITB)

What it does: Ecommerce

Stock price at IPO: 9.50

Stock price today: 12.25

LightInTheBox stock