Merry693, Thank you for the posting (China's Internet sector has become so treacherous that Japan's Softbank will no longer invest in pure dotcom start-ups ... The company will, however, continue to invest money in Chinese start-ups, particularly traditional companies that can increase business by building an online presence).
This is where I want to get off the bus. I do not know nearly enough about Japan, Korea and such but I do know China. I get paid a bundle for getting people into China and I get paid a bigger bundle for getting people out. No, no one I got in ever needed to get out.
Softbank knows nothing at all about China and I wouldn;t know where to put $300 mm into China if I used my imagination, as most of the deals are done on high leverage off the local partner's balance sheet. If the neophyte in 9984 is placing money into China on that kind of scale, they will lose all of it.
Alibaba has no revenue model and is run by a peasant who is proud to be a peasant. He is, however, backed by Goldman Sachs.
Chinaquest (map) is pretty good and has good implementation;
Sina (portal) is best so far, provides good news and therefore is on the government's shitlist;
8848 is garbage, iffish implementation and apparently is in the business of losing packages purchased by e-commerce clients.
Internet China is treacherous. True. Traditional enterprises more so and there are a lot more of them.
This revolution is going to cost a lot more blood than I imagined. If one could only corner the blood bank. |
