Word: shanda
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Like most of her classmates at Washington High School in Milwaukee, Wis., La Shanda Trimble, 18, is attentive to fashion trends; it's the particular trend she chooses that sets her apart. She's a Goth, wearing black lipstick and nail polish, listening to bands like Linkin Park and Rob Zombie rather than rapper Nelly or R&B star Ciara. She likes to wear her hair in pigtails instead of the more popularly accepted braids. The other kids don't approve. "They think I should act like them,'' says the 11th-grader. "They like me to listen...
...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...
Newspapers are so filled with reports of such crimes that all but the most horrific lose their power to shock. In Madison, Indiana, four teenage girls doused 12-year-old Shanda Sharer with gasoline and burned her alive in January because she was "trying to steal the affections of another girl." Henry ("Little Man") James, 19, opened fire into a passing car on a Washington- area interstate because he felt "like busting somebody." The somebody turned out to be a 32-year-old woman driving home from work. In Los Angeles two teenage sisters allegedly killed an elderly neighbor while...