China Warehouse- More Than Crockery Message Board

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Strategies & Market Trends : China Warehouse- More Than Crockery

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To: RealMuLan who wrote (3665)	11/9/2004 1:29:21 PM
From: RealMuLan	Read Replies (1) of 6370

Silicon Valley's go-to man in China By Matt Marshall Mercury News Silicon Valley venture capitalists are desperate to take part in the biggest economic bonanza going on right now: China. That's why China newbies are hunting down Lip-bu Tan, chairman of Walden International and one of the first U.S.-based VCs to begin investing in China. Back in 2002, we wrote about the risks of investing in China, and how Tan's early efforts met with failure. But slowly, all that early work building up contacts and experience is paying off. ... Tan agrees there's too much hype around China's Internet-related companies. Some shares are trading at 20 to 30 times revenue, ``crazy levels,'' he says. Online gaming company Shanda has anl estimated market of $1 billion, but its stock-market valuation is $2.4 billion. ``You know something's wrong,'' Tan says. That Internet bubble is why he's focused on the chip sector. China's huge tech-friendly and increasingly wealthy population is gobbling up TVs, cell phones and DVD players, driving demand for chips that make them work. ``That's why I decided to invest big time,'' he says in a conversation at his office overlooking San Francisco Bay. He predicts a fourth of the world's consumer-electronics consumption will be in China within a few years. Besides chips, he's also interested in what he calls ``software/services.'' ... mercurynews.com

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