Wednesday, September 14, 2005

Which 10%?

In a great case of biting hands which have fed them so generously, ChinaTechNews.com reports on three of China's tech CEOs rounding on Wall Street analysts during the Alibaba.com-sponsored China Internet Summit in Hangzhou. Sohu, Netease and Tencent are all listed companies but their CEOs believe that analysts' judgement of the Chinese Internet industry "is only 10% accurate, at best". We agree....but wonder which 10% they had in mind. Presumably the 10% that suggests their businesses are worth billions of dollars...


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