Word: shanda
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Dates: during 2000-2009
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...Case in point: Shanda Interactive Entertainment, China's largest online game provider. Huang's fund injected $40 million into the business and helped its young, Chinese-educated chairman hone the company's international image by hiring a proper financial comptroller and relieving family members of top-level jobs to avoid nepotism charges. After going public last May, Shanda saw its stock price more than double in just six months; one of Shanda's co-founders, Chen Tianqiao, is one of China's richest...
Case in point: Shanda Interactive Entertainment, China's largest online game provider. Huang's fund injected $40 million into the business and helped its young, Chinese-educated chairman hone the company's international image by hiring a proper financial comptroller and relieving family members of top-level jobs to avoid nepotism charges. After going public last May, Shanda saw its stock price more than double in just six months; one of Shanda's co-founders, Chen Tianqiao, is one of China's richest...
Everyone in Japan uses their cell phone for data; in China, about 70%. Cell phones are fashion statements, and people buy new ones every six to nine months. Shanda Interactive, which operates online games, went public last week in New York. It generates $33 million a year in profit just three and a half years into its existence. The funniest example of a niche market is Neowiz, which sells virtual clothing for the virtual person you steer through cyberspace. That's a $100 million-a-year market. Profit margins are pretty good on virtual clothes. Ring tones for cell phones...