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Predicting The Internet Players
The new telecom regulations allow for small domestic private and
joint ventures in the Internet sector. These will no doubt be
important but, as with every other Chinese industry, the Net will be
dominated by a few large firms. It's now becoming clearer who those
firms will be.
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The most recent survey shows the four most popular web sites as Sina,
Netease, Sohu,
and Yahoo!China. The first three are losing money hand
over fist and look to be ripe for consolidation along perhaps with
Hong Kong players China.com and Tomcom.
Those two are also losing money, but have much bigger stakes to play with. Sohu and China.com
announced cooperative steps early this week. Only two companies are
likely to emerge from this group.
Yahoo! has positioned itself well, with a successful China portal and
an Asia portal. More important, it has a joint investment with
computer maker Founder in a Hong Kong listed firm that is tailor-made
for injecting funds into PRC ventures while sidestepping limits on
foreign ownership. The Far Eastern Economic Review reports a claim by
Lycos Asia (SingTel and Lycos) to have gained an ICP license as a
wholly foreign-owned provider, the first of its kind.
Finally, the proverbial 800-pound gorilla waits in the shadows.
Domestic computer giant Legend acquired a domestic Internet firm this
week and is pressing for both ICP and ISP licenses. It has the
government's blessing and resources to match the foreign giants.
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China
E-Bytes
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| Singapore's APRIL Group will sell its majority share in the
Changshu paper mill to Finland's UPM-Kymmene for $150 million. The
companies operate a stationary plant in Suzhou which may also change
hands. |
| Over 100 members of an underground Christian group were arrested in
Henan yesterday. The province is the center of Christian observance
outside of government churches. |
| Japan is postponing its most recent loan due to alleged spying by
Chinese naval vessels. |
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| Keep
up with the fast changing business environment in
China, the world's biggest and fastest-growing emerging
economy. Sinomania! recommends Orbis
Publications, Experts in Emerging Markets, for
a full range of in-depth coverage on China including
daily/weekly/monthly reports and more. |
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