Word: valley
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...tickets and computers, the more points you receive toward free gifts. The idea is to promote "stickiness," the ability to keep users hanging around your site. Stickiness builds online communities, which attract advertisers. The trilingual (Korean, Chinese, English) site maintains offices in Seoul, Hong Kong, Taipei, Singapore and Silicon Valley. Hau hopes Helloasia.com will be profitable by October. After that, the partners will think about an IPO, probably...
Danny Cheng didn't graduate from an elite overseas university or acquire information-technology training--and a PalmPilot full of contacts--in Silicon Valley. Instead, Cheng, who is 33, fits the mold of an old-fashioned Asian entrepreneur: he worked his way up from humble Hong Kong beginnings. "My family was poor," says Cheng. "At the beginning of each month, we had to worry about...
Jain taught Asia what Silicon Valley has known for a long time: though going public is a fabulous way to cash in on the Internet, selling out to someone else can be a sure-fire moneymaker too. Satyam Infoway wanted content popular with overseas Indians to complement its own domestically oriented portal. IndiaWorld was pulling most of its 13 million monthly page views from outside the country. Jain got an unusual windfall because Satyam Infoway is paying the entire purchase price in cash, not in stock, which is more typical in such deals. His initial investment...
...deal helped kick off an Internet frenzy among Indian entrepreneurs and financiers, which has been fanned by New Delhi's public commitment to develop India's information-technology sector. Dotcoms are sprouting across the country, spurred additionally by the entry of big international investment funds. Some Indian-born Silicon Valley programmers and engineers are finally coming home to put their skills to use. But Jain has been happy just to put his money in the bank...
...spattered Renault Le Car chugs to a halt on a dirt road overlooking Serbia's snow-covered Presevo Valley. Out clamber three men dressed in mismatched fatigues, toting an assortment of pistols and grenades. The apparent leader, a deeply tanned, shorter version of Fidel Castro, steps forward. "Welcome," he says, "to Kosovo, Part...