Following so soon on Baidus huge IPO success, it makes one wonder, if indeed Internet analysts and investment bankers are dwelling in bunkers and suffer from memory loss.
All right, its true that China has a 100 million Internet users, but has anyone taken a pulse or completed recent surveys on the actual buying power of these Net users? The answer is yes. China's online revenue -- which includes sales from advertising and from Internet gaming and wireless services --grew 35 percent last year to $1.1 billion and will rise 30 percent in 2005, according to MindShare, the media-buying unit of London- based WPP Group Plc.
Alibaba, along with the huge treasure or rather investment from Yahoo, gains exclusive Chinese rights to the super-monetized Yahoo brand. The package of Yahoo Chinas assets includes Yahoos search technology, the Yahoo China website, its communication and advertising business, as well as 3721.com, a Chinese language search engine.
I have met the affable and stealth CEO, Jack Ma at several Internet conferences and he is certain to retain his leadership post in the new enterprise. Ma maintains that this investment infusion will enable them to spend more on the search engine. No doubt about that Jack, after all, it's all about easy access is it not?
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The Internet in China: A Market Analysis (70 pages) Price: US$800
The number of Internet subscribers in China has grown from 10,000 to over 2,000,000 in 5 years. This report is a comprehensive overview including the number of Internet subscribers, web sites, mode/pl... China Electronics Industry and High Tech Market (2004) (146 pages) Price: US$380 After a decade of moving factories to China, many of the world¡¯s big high-tech firms are forging a new style of partnership with Chinese manufacturers that show the country¡¯s growing engineering ... |
