Monday, September 12, 2005

Chinese Internet CEOs: "Wall Street Analysts Ignorant of China's Internet Industry"

From ChinaTechNews: Chinese Internet CEOs Criticize Wall Street Analysts

"Three Chinese Internet luminaries lashed out at Wall Street analysts this past week during the Alibaba.com-sponsored West Lake Internet Symposium held in Hangzhou. Zhang Chaoyang, CEO of Sohu.com; Ding Lei, CEO of Netease.com; and Ma Huateng, CEO of Tencent.com, launched what one local newspaper described as "a collective attack against Wall Street analysts."

"The three said that many analysts on Wall Street do not know anything about China's Internet industry, so when they judge a Chinese business, their judgement is only 10% accurate, at best."

3 Comments:

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At 8:45 PM, Anonymous Anonymous said...

What about the difficulty in getting reliable data on China Internet usage like this post shows?
http://www.digitalmediareview.com/archives/72

 
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Microsoft, Yahoo Reportedly Ready To Link Instant-Messaging Services (TechWeb via Yahoo! News)
Microsoft and Yahoo are expected to announce Wednesday interoperability between each other's instant messaging service, a move that could dramatically change a market that's been dominated by America Online Inc., a newspaper reported.


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