Forum Posts

Maichel David
Apr 11, 2022
In Welcome to the Food Forum
In 2000, Sina split its own advertising, management and other non-editing businesses (the Chinese government prohibits foreign investment from entering news agencies, books, newspapers and other related fields of culture, sports and Fax List entertainment industries) and went to the United States to go public, becoming the first media listing in that year. On April 13, Sina successfully listed on Nasdaq, at the issue price of $17, it issued 4 million ordinary shares and raised $68 million; on June 30 of the same year, NetEase was listed on Nasdaq, and on July 12 Sohu Log in to Nasdaq. China's three typical portals have all achieved overseas listings. During this period, with the rapid development of the global Internet economy, the development of portal websites in my country is in full swing. In addition to the above three, companies Fax List including Tencent, CDC and other companies have also gained huge traffic and exposure. But the good times didn't last long. The three major portals went public shortly after the global Internet economic bubble, and all Chinese concept Internet stocks including Sina, NetEase, Sohu, and CDC fell one after another. At that moment, China's portal sites faced an important question in their "life" - how to change the business model with online advertising as the single source of income. At that time, Sina and Sohu launched ".net", a platform for enterprise Fax List customer service, while NetEase turned its attention to online games and launched the self-developed large-scale online role-playing game "Westward Journey Online", which started its development in the game field. explore.
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Maichel David
Apr 10, 2022
In Welcome to the Food Forum
The communiqué of the Fifth Plenary Session of the 18th Central Committee of the Communist Party of China clearly pointed out the "development of the sharing economy". This is the first time that the sharing economy has been included in the resolution of the Party's plenary session, marking that the sharing economy has been officially included in the strategic planning of the party and the country. The second-hand economy of Xianyu has the characteristics of saving, convenience, efficiency and environmental protection, which fully conforms to the content advocated by the sharing economy. With the support of the state, the idle transaction of Xianyu has developed like a duck to water. 1.2 Economy (economic level) Current status Fax List of second-hand market in my country: According to Analysys' "2018 Second-hand Idle Items Trading Platform Special Report", with the development of the economy, the material wealth of Chinese people, the continuous improvement of users' spending power, and the increase of individual idle items. As shown in the figure, the development trend of my country's per capita GDP and changes in consumption capacity: From this, it can be seen that the country's per capita GDP has increased year by year, and the Engel coefficient has decreased year by year. People's consumption concepts have begun to change. The scope of consumption is not limited to daily food expenses, and various high-end consumer goods are gradually entering the door. With the continuous improvement of the material living standards of Chinese people, the improvement of per capita consumption capacity, people are more and more fond of shopping, and the stock of idle items at home is also increasing. Users need a platform to meet their own needs for cleaning up idle items. At the same time, according to a user survey of Taobao, almost everyone has idle items, and the second-hand trading market has a large space for development and a good development prospect.
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Maichel David
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