Chinese Stocks Running (BIDU, SINA, RENN, YOKU)

The Chinese internet space has been extremely volatile, and overall, very profitable. Most of the hot stocks, however, have been undergoing corrections in recent weeks. Money is flowing back into this area on Thursday in a major way, and the bottom may be in for now. Leading the way is recent Chinese IPO Youku.com

, which has jumped 6% to $50.28. SINA Corp.

has added 4.56% to $116.48. Shares of Renren

, the "Chinese Facebook," have surged 5.5% to $14.45, while Baidu.com

is up 3% at $135.74.