The AlwaysOn X Fund portfolio ended the week up 1.3%, the NASDAQ was up 2.4%, and the S&P 500 advanced 2.2%. Year to date, the AO X Fund is up 9.5%, the NASDAQ is up 7.4%, and the S&P 500 s up 8.8%.

Chinese online social platform YY reported mixed Q4 results, missing EPS expectations, but beating on revenue numbers. Growth continues to be strong, with +136% revenue growth, +72% total users growth, and +34% monthly active users (MAU) increase for the quarter. Its online gaming channel, which makes up 37% of its total revenue, was up 86%, and YY Music which is 40% of revenues grew +317%. Q1 2013 guidance came in above the Street’s expectations. For the week, YY dropped 9.8%.

SolarCity, another recent IPO, reported weak Q1 results, causing the stock to drop significantly and us to sell our 1% position. SCTY missed EPS expectations and revenues came in relatively weak, with only 22% growth in Q4. On a positive note, its customer base grew by 192% to a total of 8,557. We will keep SCTY on our watchlist for now.

Chinese Internet and mobile security leader Qihoo 360 reported strong Q4 results, with EPS up 10% year-over-year and revenue up 65%. Total MAUs were up 13% at 456 million, browser MAUs increased 22% to 310 million, and browser penetration rates improved from 59.5% a year ago to 65.6% today. QIHU ended the week flat.

To learn more about GSV Asset Management—an investment management firm that leverages GSV Media’s ideas, insights, and philosophy—go to gsvam.com. www.gsvmedia.com.

Michael Moe is an AlwaysOn contributing editor and a former co-founder of ThinkEquity.