China net sells Internet portal business

Niu Net Fang July 15 report

Lead：

The time for settling the dust came. The Chinese network, which was "half-dead" for many years, eventually chose to sell its Internet portal business. The glory of its year, as an established portal, the Chinese network will inevitably be a sigh of suffering. At the same time, two questions are also thought: not only the Chinese network, such as Tom, 21CN, such as the Web site is not as good as before, the same old web portal, what caused their decline? In the fast-moving waves of the internet, will there be a way out of the old portals such as these?

China net sells Internet portal business

This morning news, the portal, media and exhibition organizers of the Chinese network china.com issued a notice in Hong Kong, said the exchange of 90.8 million Hong Kong dollar (about 71.85 million yuan) to sell Internet portal business, the party is the national wide global Media Holdings Limited.

According to the China Internet Bulletin, the Chinese board believes that the sale of non-profit businesses will allow the company to allocate better resources to the rest of its business and other resources because of the continuing loss of its web portal business segment.

The Chinese network has also had a glorious moment. As the first Chinese Internet company to be listed on Nasdaq in the United States in 1999, the Chinese network was thought to have opened the era of Chinese Internet concept stocks and was the leader of the Chinese Internet embryonic period. Its unique domain name china.com has also become the industry's hot topic, many enterprises compete to register "" "Related domain name.

China's share price rose to $220.31 in February 2000, with a market capitalisation of more than $5 billion trillion, leaving a thick and thick in the history of Internet development in the global capital market frenzy. The Chinese network has led the first wave of China's internet debut, and has attracted many entrepreneurs to join the internet market.

In the same 2000, the dotcom bubble burst and countless internet companies fell, and the Chinese network miraculously survived until today. But the heyday is gone, August 5, 1, its share price of 142 million U.S. dollars, the market value of 50.016 million U.S. dollars, 5 billion U.S. dollar market value became a distant myth.

In the decline of the Chinese network at the same time, as a successor of Sina, Sohu, NetEase also gradually opened the prelude to catching up with the actual performance of what is Goson. 2004 years of the Chinese network by the three major portal site beyond the overall.

Since then, the Chinese network has been deteriorating, until today on the road to sell, all the end is the dust settled.