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China.com Intends to Merge with Other Three Portals
The best choice for the three NASDAQ-listed Chinese Internet companies Sina.com, Sohu.com and Netease is to merge into China.com, and China.com welcomes such a merge, which may lead to wins for all the parties concerned. The stirring news was revealed December 19 in Beijing by Peter Yip, the president and chief executive of chinadotcom.
Yip said, the best way out for SINA, SOHU and NETEASE is either to merge with "China Concept" Nasdaq-listed companies or sell them to other Internet companies or even to other industries. Sohu.com has recently purchased Chinaren.com. However, its stock price did not go up partly because the two merged companies are very similar in revenue sources, services and customers. Nevertheless, if the above three dotcoms merge with China.com, it may lead to a win-win situation.
China.com is the first Chinese internet firm going public on the Nasdaq. It claims to embrace a unique business model with its worldwide businesses valuing US$485 million in cash. It also enjoys good reputation among investors. The merge or cooperation of the four Nasdaq-listed Chinese internet companies may help them to get a solid footing on NASDAQ, according to Yip.
By PD Online Staff Yin Zhili
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