Word: homegrown
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...plugged-in, ambitious techies. With oodles of talent (and a xenophobic government that until recently was intent on keeping out foreign players) it seemed certain that China's Internet would be controlled by locals, not outsiders. Well, another bit of New Economy conventional wisdom may be unraveling. China's homegrown portals, the sites Web-crawlers use as their home pages, are slowly bleeding to death. Years from becoming profitable, Sina, Netease and Sohu are burning through cash stockpiled from their IPOs, and their founders?China's best-known Internet heroes?are starting to wonder who among them will fold...
...Investors now attach so little value to China's Internet gurus that they have driven down the share price of all three homegrown portals, as well as that of Hong Kong's Chinadotcom, to below the cash value of their assets. Unable to stand the downward spiral any longer, Helen He, chief financial officer at Netease for 18 months, recently quit. "It tarnishes your spirit," says the former investment banker. Joseph Chen, one of Sohu's top guns, has left China altogether to find a new future in Plano, Texas. "Plano is one of the most exciting places...
...view was dramatically different just a few quarters back. First, China had enough talented Netrepreneurs?many of them educated in the West?to launch a homegrown Internet revolution. The communist government, meanwhile, made it clear foreigners weren't welcome in the politically sensitive content business. While this gave locals an edge, they had to struggle to carve out a role for themselves. Net pioneers had to placate the censors while opening chat rooms on controversial topics?from sexual mores to a tragic schoolhouse explosion?that Chinese wanted to discuss. They also found ways to bypass China's byzantine regulatory system...
...declared that the bombing had the "hallmarks" of Islamic terrorism. This was the consensus of "experts." In the three days following the Oklahoma City bombing, there were 220 documented hate crimes against Muslims throughout the nation. Until it was shown that the bombing was concocted and carried out by homegrown white American boys, Muslims were harassed, taunted and beaten. So strong is the link between "terrorism" and "Muslim" in the American ethos...
Fong is right. The phenomenon of Asian self-segregation that we see occurring at college campuses across the country is a classic case of deceptive appearances and mistaken identity. While many Asian Americans bear similar physical traits to "homegrown" Asians, these characteristics do not translate into equally similar traits of character and mind. Realizing this, Fong rejects the thoughtless wholesale packaging of the gamut of Asian-Americans--by both Asian-Americans and others--into one unnatural community...