随后，百度和优酷等国有巨头开始涉足外国公司。这使得这些公司筹集了更多的资金(Chang, Luo和Ren, 2013)。这些是一级企业，它们积极扩张在加州的业务。随后，规模较小的公司进入了这个体系，它们的市场资本明显要小得多。因此，中国企业可以接触到更多的潜在投资者。在这个范例中观察到更大的流动性。基于资本的流入，中国投资者开始更多地关注北美和欧洲市场(Phillips, 2011)。由于宏观经济环境为人们带来了增长，他们得以进入政治稳定的亚洲市场。
The Chinese investor who chooses to invest in the foreign markets is aware of the scope of performance of their company.They understand where they can leverage performance in the foreign markets and then, they develop appropriate market entry strategies to invest in the company. Direct investors, depository receipts and the specific modes of operation in each market are followed by the Chinese companies to list their stock in the overseas markets.
There are specific advantages and disadvantages when a company chooses to invest in a foreign market. Companies weigh in the positive and the negative before making this determination. They are explained in the following sections.
State owned giant companies such as Baidu and Youku then started to venture into foreign companies. This caused the companies to raise more capital (Chang, Luo and Ren, 2013). These were the tier 1 companies that were aggressively into expanding operations in the state. Then came the smaller companies into this system with a market capital that was significantly lesser. Thus, the Chinese companies had access to larger pool of the potential investors. There was greater liquidity that was observed in this paradigm. The Chinese investors started to focus more on the North American and European markets based on the influx in capital (Phillips, 2011). They were able to tap in to the politically stable Asian markets as the macro economic conditions promised growth for people.