Network Heroes, Wealth Legends: The NASDAQ Revival Journey of Chinese Portal Companies Network Heroes, Wealth Legends: The NASDAQ Revival Journey of Chinese Portal Companies Network Heroes, Wealth Legends: The NASDAQ Revival Journey of Chinese Portal Companies

Author: Xia Haizhou
Publisher:
Publish Date: 2003-11-01
Features: This is a true story of the revival of China's internet industry, full of twists and turns, gripping and thrilling. It is a competition between ideals and capital, where in the end, ideals built the portals while capital built wealth. It is also a dazzling stage play, with one after another, captivating and engaging. Now, more than a year since the climax began, the three major Chinese portals—NetEase, Sohu, and Sina—were still struggling in the NASDAQ market in the United States, facing the threat of delisting. Who could have imagined that a year and a half later, these three portals would create a scene that captured the attention of the global capital market? In just 18 months, the stock prices of the three major Chinese portals rose from $1 or less to a high of $70, with an average increase of over 30 times, creating a miracle for Chinese companies listed in the U.S. When we see Ding Lei and Zhang Chao leading the Chinese wealth list with a net worth of 7 billion yuan and 2.2 billion yuan today, who can say that none of this has nothing to do with them? When Ding Lei, Zhang Chao, and Mao Daolin were exhausting themselves to make the portals profitable, in fact, the Chinese portals had already seen the dawn of profitability. If short message value-added services were an "unexpected" factor in the portals' profitability, then the 6,000 netizens and the growing number of internet users, nurtured by "burning money," were the inevitable factors for profitability. When the three major portals turned the illusion of concepts and eyeballs into real profits, did we also miss a once-in-a-century investment opportunity? In fact, anyone could become the second Ding Lei or Zhang Chao; all that is needed is in-depth research, analysis, and the confidence to invest.