Saturday, May 27, 2006

China's Rising Entrepreneurs


From The Sydney Morning Herald:

"Some of China's most successful entrepreneurs earned their 10-figure fortunes by betting on internet technologies. For Ding, that meant massively multiplayer online role-playing games, or MMORPGs. These allow thousands of users to interact by assuming character roles, acquiring weapons and sometimes killing each other.

The games are so popular with teenagers that NetEase.com and other companies have agreed to limit the time players can stay on line by cutting the number of points they can earn after three hours. More than 1.5 million people play Ding's most popular game, Fantasy Westward Journey, which is based on the myth of a Chinese monkey king.

Credit Suisse has estimated the value of China's online gaming market would soar 39 per cent this year to $US886 million and could soon reach $US3 billion. The number of online game players will double to 80 million in 2010 from 40 million this year, according to Shanghai internet research firm iResearch."

2 Comments:

At 8:31 PM, Anonymous china man said...

Sad to see that an increasing percentage of the next generation of youth in China is wasted in the addictive online games. This is going to set back China's progress for years to come.

 
At 10:40 AM, Anonymous Penny Stock Advice said...

Just like the united states their will be a steve jobs of china and a bill gates of china.

 

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