If you look at Yahoo or Google charts, they show the stock trading at $700 in 2002. Not sure why this is the case.
Don't know much about their VIE structure. Just getting to know this stock. Seems to have had a healthy run up the past 18 months.
All the info I've read is that their major customers include big names like China Mobile and China Telecom. If this is indeed true, then they should be well positioned for growth for the next few years. It's hard to believe that they made ALL this stuff up without someone raising a red flag.