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Friday, August 10, 2001, updated at 16:43(GMT+8) | ||||||||||||||
Sci-Edu | ||||||||||||||
"Accidental Death" of Chinese Internet RomanticistsWang Juntang, president of My8848, resigned from his post on August 6. "Spring for China's B2C is coming", said the leader of the famous e-business website which is regarded as the mode for China's B2C e-commerce as his farewell speech.Wang Zhidong, former CEO of Sina.com also claimed early this year that "spring for China Internet industry comes", was also informed of a "putout" in June. All the optimistic persons "died" right before the spring comes. If it is not an accident, it at least passes on a message: winter hasn't arrived for China Internet industry. Result of the latest survey given by CNNIC shows that the population of China's netizens has reached 26.5 million and the number maintains a two-digit growth. The figures become the reasons for some people to be so optimistic. However, no one has the answer to the question of "how to turn the figure into practical benefits". Online advertisements are dismissed as unreliable; portal websites are regarded outdated. B2C commerce is believed bleak, B2B (Business to Business) flounders in darkness, charging the e-mail boxes is thought as "trying to put out a blazing cartload of faggots with a cup of water", wide-band network considered to be "distant water that cannot quench present thirst". When all the styles for existence are queried, investors of both venture capital and industrial capital have sufficient reasons to keep a distance to China Internet industry so cautiously. Every romanticist who is dismissed by the Internet industry and others who are even unable to leap from the fiery pit just reflect the brief summary by the capital market on the current situation, but not the prospect, of China's Internet industry. Moreover, the summary is made in a rather bloody way. No one knows how many times of frosts or even choking "ice age" does China Internet industry have to experience right before it greets the real spring. Even if in the United States, the so-called "holy land" for the Internet economy, stock analysts that have been advocating Internet economy like mad were also sued by the disappointed and angry shareholders. A long time for an adjustment is needed for investors to restore their confidence in stock markets thereby return to the Internet economy. The biggest mistake of the romanticists is: they over-consumed the capital in late autumn which is reserved for winter. Romanticists believed that the ice and snow would melt into brooks tomorrow. Unfortunately, in the face of the chill and frost, when the investors have been nearly "unrigged" and only had a pair of shorts left, they reached an agreement: burn the romanticists for warming first. When the investors prided themselves on performing the "Escape from Jaws of Death", they should indeed consider to make China Internet industry break away from romanticism and enter realism by cutting down the cost and consumption as much as possible. Anyone who is the most enduring soldier may become the final reaper. Doomsday doesn't come to China Internet industry, but the death of romanticists is neither an accident nor a tragedy. Anyhow, we should pay a tribute to these romanticists because their existence did enlighten so many Internet practitioners and even the entire society. The curtain of the performance by romanticists did fall right before China Internet industry because an enterprise has to believe in money though it may query a hero, notwithstanding it is a fairly cruel advancement. By PD Online staff member Du Minghua
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