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Site Info: Myrice.com /index.asp
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Comment Buy out. * * * 1/2 * o
Written by Steven Schwankert from Hong Kong on 1/14/2001
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.
Comment Confusing. * * * o o
Written by James Halvorson from Hong Kong on 1/11/2001
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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