Pioneer martyrdom- Chinese Amazon defeat money-burning war.doc

 PAGE \* MERGEFORMAT 11 Pioneer martyrdom: ‘Chinese Amazon’ defeat ‘money-burning war’ Second half of 2000, once catch on in Hong Kong IT industry, as in ‘Titanic’ hit the high-tech information industry, the enormous sea of icebergs, many of wide variety of sites have been closed and swallowed by the waves collapse, and even rarely seen in dead bone. Following the June 21 Hong Kong’s ‘South China Morning Post’ financial Web site died, July 27 Hong Kong ‘CTI’ subsidiary Hong Kong Broadband desperate, July 28 Hong Kong ‘tom * com’ site black tide went out of business after the August 1, known as Hong Kong ‘Chinese Amazon’ online bookstore - Bo schools followed suit, with liabilities of up to 3,000 million HK dollars in huge losses, ending three years and 8 months by the decline of the short-lived career wins transferred from the Internet in Hong Kong shopping super-competitive market rout. ‘Bo schools’ founder, Hong Kong, iTVentures Group CEO - Gabriel Yu, also from the ‘first of its kind to open in Hong Kong a pioneer in online bookstores’, reduced to ‘Hong Kong’s online bookstore of martyrs’. Doo-yong oath lone hit ‘Hong Kong is the Amazon’ Zhongxingpengyue push for ‘super-market value of 400 million’ In 1996, the ambitious Mr Gabriel Yu do not want the total when the little people on the fledgling IT industry in Hong Kong, a soft spot in order to pursue his great passion for business keen to capture the best starting point - Hong Kong has just started B2C (business to customer) Emerging market information industry. Mr Gabriel Yu with ‘there is nothing difficult, can certainly be done’ words of wisdom for the former action force, after a year of left-right sudden impulse recruit finally July 1, 1997 date established history of Hong Kong’s ‘first online bookstore’ -- - Bo School, which has taken the ‘Internet start-ups’ first step. In the ‘Bo Hall,’ That’s superior strength of the camp of heavyweight shareholders, not only Instant-Dict, English Echo Pre