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Site Info: Myrice.com
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Total: (2) Page (1 of 1)
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Buy out.
Written by Steven Schwankert from Hong Kong on 1/14/2001
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Lycos Asia's reported acquisition of MyRice.com will increase the portal's reach in China, but Yahoo! could take a commanding lead in China's Internet market by buying Sohu.com. Even chinadotcom corporation could surpass Lycos in the China market by buying any one of China's top three portals: Netease, Sina.com, or Sohu.com. |
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Confusing.
Written by James Halvorson from Hong Kong on 1/11/2001
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How come Lycos Asia paid more than HK$1B to acquire this crappy company? Or it’s it just another make up story about the amount of money involved? From what I learn, myrice.com was buying mainland China’s dotcom like crazy last year, ranging from RMB$20K to RMB$400,000. Big portions of those acquisitions are personal homepage. I really don’t know how they calculated out MyRice is worth more than HK$1B asset! |
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