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This article is mostly about stock market numbers. Ok, its from Bloomberg. I don't think its useful to use words like boom and fade when your writing about co
by jhancock 12y ago
This article is mostly about stock market numbers. Ok, its from Bloomberg.
I don't think its useful to use words like boom and fade when your writing about companies that have been doing well for 10+ years: Alibaba, Sina/Weibo, Tencent, Baidu, Tudou.
Hard to say what kind of future Sina/Weibo and video streaming companies Youku Tudou could have...I guess similar to Twitter and Youtube. Alibaba and Tencent could have a good shot at being world leading banks over the next 10 years among the things they already do well. The stock market may not see its fair shake on these deals, but users in and out of China are getting benefits.
China's Internet companies are growing fine from my perspective as a consumer of online services and as a person building companies here. Software development and management gets better year over year. In the IT space, there seems to be organic evolution of treating employees better. More people are practicing taking risk in creating companies.
- seanmcdirmid 12y agoBloomberg is blocked in China, so it has to be credible (otherwise, why would the Chinese government block it?). Most of these internet properties are practically restricted to operating in the sheltered mainland China market, so they'll have a different future from the more international Twitter and Youtube. The Chinese market is cut throat, and all the clones that operate here have super small margins as a result. WeChat announced just this week that they were giving up on international expansion. The question is: can these services exist in China alone, without the more stable revenue streams that come with a more diverse international market? > China's Internet companies are growing fine from my perspective as a consumer of online services and as a person building companies here. Software development and management gets better year over year. In the IT space, there seems to be organic evolution of treating employees better. More people are practicing taking risk in creating companies. I agree. Gone are the days of making your software developers clock in with time cards and mandatory Saturday work days...well, at least at most companies.
- ttflee 12y ago> why would the Chinese government block it So far as I remember, Bloomberg reported some taboos about corruption scandal of The First Family of China. http://www.reuters.com/article/2012/07/04/us-china-censorship-bloomberg-idUSBRE86306820120704 http://www.reuters.com/article/2012/07/04/us-china-censorshi...
- seanmcdirmid 12y agoExactly. A news sources that isn't intimidated by the Chinese government is the best source for news about China.
- deleted 12y ago[deleted]
- chkuendig 12y agoThat's not completely true. They actually also pulled a very big story to not endanger their financial data business in the country: - http://www.politico.com/blogs/media/2014/03/bloomberg-editor-quits-over-china-story-185626.html http://www.politico.com/blogs/media/2014/03/bloomberg-editor... http://www.ft.com/intl/cms/s/0/d121fd70-49f2-11e3-9a21-00144feabdc0.html?siteedition=intl#axzz2wtsffALG http://www.ft.com/intl/cms/s/0/d121fd70-49f2-11e3-9a21-00144... They lost a lot of credibility when covering on Chinese matters due to this incident.
- seanmcdirmid 12y agoWell, to be fair, only CNN isn't blocked now. Everyone else just aren't harmonious enough.
- M8 12y ago> why would the Chinese government block it Viruses have some credibility, otherwise why would anti-viruses want to block them?
- netheril96 12y ago> Bloomberg is blocked in China, so it has to be credible Actually, many quack sites are also blocked in China. Along with many political neutrals ones (like Ruby Gems). As a Chinese who has been bypassing the GFW a lot for years, my impression is that it is virtually a true random process that cannot be predicted in any way.