How was it in the darkest days for Chinese websites?
Based as they were on different foundations, the start-ups faced different fortunes. Some with solid foundations and valuable assets were acquired, like Chinaren, which was sold to Sohu; some others died because they had started their business model too early with no firm foundation and cash flow, like [ecommerce website] 8848. But there’s one thing worth considering: 2001 was a year when nobody was optimistic about the Internet industry. Even though it was the dead of winter for capital, there were early signs of spring for the first generation “text-and-picture” Internet. In 2001, Internet stocks were badly out of favor on the market. Sohu’s share price fell to under 60 cents, and its market cap was even less than its cash. Everybody was calculating when Sohu would burn through its money. In 2001, I was Sohu’s COO, and my job was to grow revenues for the company. That was the year when we saw Internet advertisement and mobile value-added services start to take off. Why didn’t I leave
Related Questions
- Why does PE- CONTROL offer permanent results within 21 days while other websites offer permanent results within 7 days?
- I’ve seen Fasta Pasta® advertised on Chinese websites or internet sites for much lower prices. Why?
- Is the Chinese political system these days actually Globalist,Capitalist,Nationali… or Communist?
