Here we go again
Everyone knows that business is all about cycles. What goes down must go up, and vice versa. With my dot-com scars so recently healed, I am loathe to be trumpeting another technology boom. But things are certainly afoot.
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Copy to China
There is a time-honoured business model in China known as “Copy To China” – find a product or service or business model that works in the US or elsewhere and replicate it in China. In the technology industry this is exemplified by ChinaHR.com Holdings Ltd building a Monster look-alike and then selling 40 percent off to Monster Worldwide, Inc. for US$50m or Joyo.com Ltd replicating Amazon and then selling it to Amazon for US$75m. The same model is popular in many other markets, particularly Australia. Seek has had great success emulating Monster.
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Memoirs of a tech wreck insider
It’s now four years since the ‘tech-wreck’ of April 2000. Four years!!! Can you believe it? Yet, it’s so hard to move on. We continue to talk about it, romanticize it, lament it, tut-tut at our folly. And we definitely can’t stop writing about it. Like the unnamed narrator in Joseph Conrad’s Heart of Darkness,…
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