Pacific Crest Securities Buys Shanghai-Based Bank to Help Navigate the China Web Chaos

Boutique tech investment bank Pacific Crest Securities has purchased Pacific Epoch, a Shanghai-based investment research firm specializing in technology. This gives Pacific Crest fifty more bodies on the ground in China to deliver investors better investment research than "This is the (fill-in-the-blank-Western-Internet-company) of China." That lazy marketing strategy has helped companies like YouKu (aka THE YOUTUBE OF CHINA! ....nevermind it doesn't really do user generated content) or RenRen (aka THE FACEBOOK OF CHINA !) to get heady IPO pops , but it doesn't help investors have a clue what they are really buying or the context of those companies on the ground. Historically boutique banks are better at doing this than the bulge bracket firms. (See the " four horsemen " who helped build Silicon Valley.)
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