August 2, 2004
The Decline And Plunge Of SMS For China's Listed Companies
Interesting insight into the mobile phone business in China, by Perry Wu, for China Tech News. "The story of SMS is just another chronicle of a technology life-cycle. In a few years, we will see SMS in China the way we now see pagers."
"SMS had a nice run. It was good while it lasted. We are now witnessing a change in how mobile users in China communicate, and it has less and less to do with SMS. Or maybe we're just seeing a change in how the listed companies in China relate to investors how much money they can truly derive from SMS.
Check out the recent earnings reports from Sina.com, Netease.com, and Sohu.com and you'll see the results of all the hogwash I've been warning investors about regarding mobility investments in China over the last few years."
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