Just heard over lunch with a friend from China, it's clear that all the retail websites in China are in red.
What's puzzeling me is that after all these years, they still managed to survive. Why are the captical so fond of the concept that they would continue chipping in such an unprofitable market?
Scratching my head unless there is some money laundry scheme or smart accounting going on.
Talking about web 2.0, there are over 200 Chinese website taking the form of MySpace or YouTube. Woww....
I guess Microsoft would be happy to hear that most of them uses IIS, ASP.NET and SQL Server, as long as they did pay for the license.
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