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提问人:网友hy673369825 发布时间:2022-01-07
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China promises Internet bountyYahoo! will pay $ 1 billion for a stake in the Chinese e-com

China promises Internet bounty

Yahoo! will pay $ 1 billion for a stake in the Chinese e-commerce firm Alibaba. com as it battles other U.S. Internet companies for a foothold in China's fast-growing Internet market.

Other major U.S. Web players such as eBay, Amazon. com, Barry Diller's Interactive Corp. and Monster. com are shelling out big bucks for Chinese companies, although Yahoo! hit a new record.

Why the spending spree?

The same mason U. S. companies from Coca-Cola to General Motors have long beaten a path to China's door: The nation has a lot of people. And now it has a burgeoning middle class, primed to revel in prosperity by buying consumer goods.

Less than 8 percent of China's 1.3 billion people are online—but that still gives it 103 million Inter- net users, second only to the United States, with 203 million. By 2009, the number of Chinese Netizens is expected to surpass the number of Americans online. That year, Chinese e-commerce will be a $ 390.9 billion market, according to the research firm IDC.

Those colossal projections have U. S. investors salivating—even though actual Internet sales in China to date are minuscule. Yahoo's billion-dollar deal Thursday gives it a 40 percent stake in a company with just $ 68 million in 2004 revenue. It follows last week's debut of Baidu. com— "the Google of China"— which skyrocketed 354 percent on its opening day of trading on the Nasdaq stock market, despite having just $ 13.4 million in 2004 revenues. Google has a 2.6 percent stake in Baidu and reportedly would like more.

Moreover, e-commerce has some big obstacles in a country where credit cards are still, rare. Internet transactions are sometimes paid for by sending bicycle messengers with cash. PCs are beyond the reach of most of the multitudes, who had a gross national per capita income in 2002 of just $ 940, according to the World Bank.

But its massive demographics and surging economy—China's CDP grew 9 percent in 2004—make the People's Republic seem all the riper to U.S. companies. Now that explosive growth has slowed in the United States, Internet moguls see China as vast virgin territory.

"We are doubling down in China because the potential for Internet commerce in that country is simply extraordinary," eBay CEO Meg Whitman told analysts in February.

Internet firms in China "are getting in at the very beginning of a consumer economy that's really nascent," said Laura Martin, senior analyst with Soleil/Media Metrics in Pasadena, Calif. "First movers have the best advantage at creating enormous amounts of value."

Add to that the Chinese propensity for homegrown enterprises, and you've got a mini-gold rush as U. S, Internet firms vie for Chinese partners to help them penetrate beyond the Great Wall.

Peter Sealey, an adjunct professor of marketing at the University of California-Berkeley's Haas School of Business, was chief marketing officer for the Coca-Cola Corp. in 1979 when it entered China.

Like the U.S. Internet firms, Coke allied with Chinese companies. "You always want a partner on the ground who's native to the territory, who knows the political system, who has connections," Sealey said.

The soft-drink firm faced some marketing challenges. "Coke is an acquired taste," he said. "We had Fanta Orange soda—a taste (the Chinese) were accustomed to. We used to take a case of 24 bottles of Fanta and swap in two bottles of Coke. Then we had to run ads explaining that Coke should be consumed cold."

Internet firms are likely to face a different set of cultural barriers. The reliance on a cash economy is a big one. To help spur Web transactions, eBay is introducing its online payment system PayPal in China this year. Alibaba, Yahoo's new partner, already has a payment system called Alipay.

Then there's cost. "To

A.Y

B.N

C.NG

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更多“China promises Internet bountyYahoo! will pay $ 1 billion for a stake in the Chinese e-com”相关的问题
第1题
Read the following mini case and answer the questi...

Read the following mini case and answer the questions: Topic: IKEA Timing: June 15, 2017 News: China Daily; Reuters Characters: Mr Torbjorn Loof, Chief Executive, Inter Ikea Group Now testing what does digital shopping mean? The furniture megastore IKEA has its own e-commerce services, however, partnering with a site like Amazon, which offers legendary free shipping for its Prime members, could bring Ikea's products to a whole new group of consumers. Even die-hard fans of the brand could perceivably shop online, avoiding the winding, labyrinth-like stores and fill up a virtual cart at their Ikea-furnished homes. Exorbitantly high shipping costs and a limited selection of products are limiting Ikea's own e-commerce platform. Considering that furniture is pretty big, it can't cost just a few bucks to ship something like a couch or dining room table, especially when the parts required to assemble it all, come in more than one box. Inter Ikea Group Chief Executive, Torbjorn Loof told Reuters. "We will test and pilot, to see 'what does this mean, what does digital shopping look like in future? We have one great advantage and that is that we design, produce, and distribute our own unique range." This would be the very first time that Ikea's experimented with selling through channels outside of its own operations. Additionally, Reuters reports that Ikea is planning to open smaller stores in different metropolitan areas to provide access to more customers. Give short answers to the following questions: 1. If you are Mr Torbjorn Loof, what your decision would be: should IKEA enter into partnership with Amazon? 2. How IKEA should engage in digital selling activities in China?

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第2题
The Xinhua bookstore chain, China's largest official publishing enterprise, has become a s
urprising flash point for interest among foreign venture capital investors. "We are actively promoting the process of shareholding reform. Everyday, we receive lots of offers from domestic and foreign investors interested in getting involved and may pick one or two to do so in the next two to three months," Zhang Yashan, the leading cadre of the head store's office said. According to a Company insider who requested anonymity, several securities firms are overseeing Xinhua bookstore's reform. and the company could list on the domestic stock market once reforms are reported to the government in May and then completed. The source would not reveal the specific names of the firms involved or details of the reform. "We will stipulate that we must remain the majority shareholder, but we will welcome all kinds of investment, including foreign capital, to establish a shareholding enterprise. We hope the No. 2 shareholder will be a foreign enterprise," the source said. In keeping with its World Trade Organization entry promises, China must allow foreign investment in domestic publication retailers by the end of this year.Which is NOT the right word used to describe Xinhua bookstore?A.Largest. B.Official. C.Private. D.Prosperous.

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第3题
听力原文:China's economy showed unexpected strength in the second quarter as industrial ou

听力原文: China's economy showed unexpected strength in the second quarter as industrial output and investment remained robust despite government attempts to engineer a slowdown, data on Wednesday showed.

China's gross domestic product in the second quarter grew 9.5 per cent from a year earlier, above market estimates for a 9.3 percent rise. It was the eighth straight quarter of annual growth over 9 percent.

Many economists, pointing to falling oil demand and weaker steel and property prices, had expected a moderate slowdown in growth for the second quarter and the rest of the year.

"The need for slowing the economy is still quite obvious, 'although there are people arguing there will be some adjustment corning through automatically as company margins are being squeezed," said Yiping Huang, a Citigroup economist in Hong Kong.

"There are still some problems in the economy that policy makers need to address," he added.

Wednesday's data showed growth still being fueled by an export boom, a sensitive political issue between China and the United States.

The strength of the economy may reinforce the conviction of critics in Washington and elsewhere that the yuan's peg of 8.28 to the dollar is un fairly low, but analysts discerned no new trends in the data to add urgency to the currency reform. debate.

"This data shouldn't have any implications for a yuan revaluation. That's another story," said Yasuo Sone, an economist with Nomura Inter national in Hong Kong.

A ______rise of industrial output had been expected of the second quarter.

A.8%

B.9%

C.9.3%

D.9.5%

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第4题
When companies emerge from their home countries and become "global", they often leave behi
nd their native culture and【B1】inter national business values. Most of these values come from the United States. And【B2】the most global of companies are often【B3】influenced by Western cultural values. This【B4】a number of issues for companies recruiting in China, and for the local people who apply【B5】work for them. It is sometimes said that multinational companies have the economic power of nation states. For many Chinese people, employment in a Western company can be【B6】moving to a foreign country during working hours.

One major difference is the attitude towards the individual, and his or her【B7】to others. The Western-【B8】tend to believe that success is【B9】to individuals, whether they work together or【B10】. The Western idea of teamwork is about directing and individual's【B11】to wards a goal. Going on from this, Western style. workplaces are often "achievement oriented"【B12】than "relationship oriented". They may also value innovation over traditional methods. They【B13】change as more important than stability【B14】even prefer conflict to compromise.

If these philosophical differences are badly managed, they can lead to conflict【B15】an organization. Human resources professionals in China are【B16】familiar with the situation【B17】the Western manager cannot open his or her mouth at offending someone and【B18】constantly com plains that nothing【B19】done. Cultural differences can go deeper than relations in the workplace. They may even【B20】a company's long-term strategy.

【B1】

A.adjust

B.accord

C.adopt

D.avoid

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第5题
下面你将听到外国媒体就中国艾滋病问题的一段评论。HIV/AIDS is now recognized clearly as a gro

下面你将听到外国媒体就中国艾滋病问题的一段评论。

HIV/AIDS is now recognized clearly as a growing threat to China. According to official Chinese estimates, China now has approximately 840,000 persons infected with HIV. As of the end of 2003, only 62,159 persons had been tested and officially confirmed to be HIV-positive. The remaining HIV-positive persons in China, estimated at 780,000 persons or more, are not known to public health authorities, and the individuals themselves probably do not know their status, posing significant risks for the further spread of HIV. Senior Chinese officials, as well as international experts operational in China, now assert that HIV is steadily moving from source population such as injecting drug users and commercial sex workers into the general population.

However, China has made important advances in outlook, policy and resource commitments. New leaders have emerged in China with a stronger commitment to improving social welfare and to addressing HIV/AIDS in particular. China has initiated a more proactive response to the HIV/AIDS challenge, including a national treatment and care program. New policy guidelines promote "four frees and one care": free drug treatment for poor citizens, free testing and counseling for poor citizens, free treatment to prevent mother-to-child transmission of HIV, free schooling for AIDS orphans, and care for families affected by HIV/AIDS. Senior leaders have committed to implementing harm reduction strategies, including condom-promotion, needle exchange, and methadone substitution therapy for drug addicts.

Formidable challenges lie ahead. In spite of many positive developments, daunting challenges—political, technical, and normative—lie ahead for China to combat HIV/AIDS. It is difficult to overstate the scale and challenges in terms of planning, costs, logistics, human resources, technical capacity, and the pervasive problems posed by stigma. Weak and incomplete national HIV testing and surveillance system, debilitated and dysfunctional public health system, particularly in rural areas, serious lack of qualified personnel and the necessary equipment and technologies to properly diagnose, counsel, treat, monitor and care for HIV/AIDS, just to name a few.

US-based commentators have suggested that success in addressing HIV/AIDS in China will require continued high-level leadership, both in China and internationally. For engaged US policymakers, as well as country leaders and heads of international organizations, priority should lie in near-to medium-term steps which sustain Chinese leadership's focus on HIV/AIDS and public health. China's formidable structural and organizational weaknesses must be addressed systematically. Failure to implement a more strategically coordinated plan risks the loss of inter national support over time. Prevention and awareness should receive higher priority in China's strategic national plan to combat HIV/AIDS. And human resources development, through education and training of medical professionals, is crucial.

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第6题
China promises Internet bountyYahoo! will pay $ 1 billion for a stake in the Chinese e-com

China promises Internet bounty

Yahoo! will pay $ 1 billion for a stake in the Chinese e-commerce firm Alibaba. com as it battles other U.S. Internet companies for a foothold in China&39;s fast-growing Internet market.

Other major U.S. Web players such as eBay, Amazon. com, Barry Diller&39;s Interactive Corp. and Monster. com are shelling out big bucks for Chinese companies, although Yahoo! hit a new record.

Why the spending spree?

The same mason U. S. companies from Coca-Cola to General Motors have long beaten a path to China&39;s door: The nation has a lot of people. And now it has a burgeoning middle class, primed to revel in prosperity by buying consumer goods.

Less than 8 percent of China&39;s 1.3 billion people are online—but that still gives it 103 million Inter- net users, second only to the United States, with 203 million. By 2009, the number of Chinese Netizens is expected to surpass the number of Americans online. That year, Chinese e-commerce will be a $ 390.9 billion market, according to the research firm IDC.

Those colossal projections have U. S. investors salivating—even though actual Internet sales in China to date are minuscule. Yahoo&39;s billion-dollar deal Thursday gives it a 40 percent stake in a company with just $ 68 million in 2004 revenue. It follows last week&39;s debut of Baidu. com— "the Google of China"— which skyrocketed 354 percent on its opening day of trading on the Nasdaq stock market, despite having just $ 13.4 million in 2004 revenues. Google has a 2.6 percent stake in Baidu and reportedly would like more.

Moreover, e-commerce has some big obstacles in a country where credit cards are still, rare. Internet transactions are sometimes paid for by sending bicycle messengers with cash. PCs are beyond the reach of most of the multitudes, who had a gross national per capita income in 2002 of just $ 940, according to the World Bank.

But its massive demographics and surging economy—China&39;s CDP grew 9 percent in 2004—make the People&39;s Republic seem all the riper to U.S. companies. Now that explosive growth has slowed in the United States, Internet moguls see China as vast virgin territory.

"We are doubling down in China because the potential for Internet commerce in that country is simply extraordinary," eBay CEO Meg Whitman told analysts in February.

Internet firms in China "are getting in at the very beginning of a consumer economy that&39;s really nascent," said Laura Martin, senior analyst with Soleil/Media Metrics in Pasadena, Calif. "First movers have the best advantage at creating enormous amounts of value."

Add to that the Chinese propensity for homegrown enterprises, and you&39;ve got a mini-gold rush as U. S, Internet firms vie for Chinese partners to help them penetrate beyond the Great Wall.

Peter Sealey, an adjunct professor of marketing at the University of California-Berkeley&39;s Haas School of Business, was chief marketing officer for the Coca-Cola Corp. in 1979 when it entered China.

Like the U.S. Internet firms, Coke allied with Chinese companies. "You always want a partner on the ground who&39;s native to the territory, who knows the political system, who has connections," Sealey said.

The soft-drink firm faced some marketing challenges. "Coke is an acquired taste," he said. "We had Fanta Orange soda—a taste (the Chinese) were accustomed to. We used to take a case of 24 bottles of Fanta and swap in two bottles of Coke. Then we had to run ads explaining that Coke should be consumed cold."

Internet firms are likely to face a different set of cultural barriers. The reliance on a cash economy is a big one. To help spur Web transactions, eBay is introducing its online payment system PayPal in China this year. Alibaba, Yahoo&39;s new partner, already has a payment system called Alipay.

Then there&39;s cost. "To use the. Internet you have to have access to a PC, and PCs are multihundred-dollar items, whereas Coke is a 39 cent good in China," Martin said.

China does have a growing number of Internet cafes, offering a low-cost way to get online. It also has cell phones galore—which provide a vehicle for people to shop, search, text-message and make other online transactions.

"Chinese are crazy about cell phones; the penetration is incredible," said Chris McNally, a China analyst at the East-West Center in Honolulu. "I traveled through a remote, scarcely populated part of Ti- bet and along the roadside saw poor farm girls speaking on cell phones with their friends."

Still, the infrastructure challenges mean the payoff for Internet firms could be a while coming.

"We’re talking about a multidecade period here over which things will unfold," Martin said.

more than 8 percent of China&39;s 1.3 billion people are online.

A.Y

B.N

C.NG

Google has a 2.6 percent stake in Sohu and reportedly would like more.

A.Y

B.N

C.NG

China&39;s GDP grew 9 percent in 2004.

A.Y

B.N

C.NG

The potential for Internet commerce in China is simply extraordinary.

A.Y

B.N

C.NG

China&39;s GNP will grow 12 percent in this year.

A.Y

B.N

C.NG

Peter Sealey is an adjunct professor of marketing at the University of California-Berkeley&39;s Haas School of Business.

A.Y

B.N

C.NG

Yahoo, Alibaba&39;s new partner, already has a payment system called Alipay.

A.Y

B.N

C.NG

Now China has a ______, primed to revel is prosperity by buying consumer goods, burgeoning

Internet firms in China "are getting in at the very beginning of a ______ that&39;s really nascent".

Internet firms are likely to face a different set of ______.

请帮忙给出每个问题的正确答案和分析,谢谢!

点击查看答案
第7题
With more Chinese children coming to study in Singapore, a unique community of women known
as "pei du ma ma", which, loosely translated means "study mamas", has emerged here. 【C1】______ are there to keep their children company. Singaporeans have responded 【C2】______ their presence with mixed reactions. What is more important is 【C3】______ their experiences say about the education industry here. Singapore no doubt presents unique advantages as a choice for Chinese students who are 【C4】______ to study overseas. It is a Garden City 【C5】______ has an efficient judicial system and an orderly society. It has a bilingual policy and Chinese are the majority. Life here is easy to get 【C6】______ to and, what' s more, their mothers are 【C7】______ to come here to be with them. Most Chinese students who wish to come to Singapore 【C8】______ to recruitment agencies in China to make the arrangements. For sure, the agencies will 【C9】______ make all kinds of promises to attract the students' attention. They claim they would find the right school for the kids and that it would be 【C10】______ too for the mothers to find jobs here. Not only would they earn enough to pay for school fees of their children, but they would probably also be able to 【C11】______ their own living expenses. Once they 【C12】______ in Singapore, the "study mamas" quickly find out that life is not a bed of roses. When the agencies fail to keep the 【C13】______ , they have to face the reality. For most of the time, they end up 【C14】______ for the schools themselves, not to mention having to pay additional fees. In 【C15】______ , it is difficult for them to find job due to the government's strict work permit policy. They soon run out of money and find themselves in a dilemma—they have neither the means to return to China 【C16】______ the funds to continue living here. As a 【C17】______ , some "study mamas" are driven by circumstances to become masseuses. People began to look down 【C18】______ the entire "study mamas" community, making life 【C19】______ for these women. Personally, I think the root cause 【C20】______ in the agencies which provide misleading information.

【C1】

A.She

B.He

C.We

D.They

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第8题
Every culture and every country in the world celebrates New Year, but not everyone does it
the same way. The countries in North America and Europe welcome New Year on January the first. This practice began with the Romans in the Middle East, New Year is when spring begins. People in China and Vietnam celebrate it on the first day of the Spring Festival, which is the first day of their calendar based on the moon. Rosh Hashana, which is the Jewish (犹太人的) New Year, comes at the end of summer. The Hindus (印度教教徒 ) in India celebrate the first day of each season, so they have four New Years.

In all these cultures, there is a practice of making noise. People made noise in ancient times to drive away the evil spirits (妖精) from their homes. Today making noise is more of a custom than a religious rim

In the United States, many people stay up until midnight on New Year's Eve to watch the clock pass from one year to the next. Friends often gather together at a party on New Year's Eve, and when the new year comes, all ring bells, blow' whistles, sing songs, and kiss each other. A favorite Scottish song which everyone sings together is Auld Lang Sync. The words tell of old friends and good times.

In all cultures, New Year's Day is a time when people think of new beginnings. They want to make the coming year better than the last one. Many people in the United States make New Year resolutions. These are specific promises that they make to improve their behavior, change their habits, and become better people. There are many jokes about how a person keeps his or her New Year resolutions.

In ancient times, the practice of making noise was meant ______.

A.to keep the evil spirits away

B.to have fun

C.to celebrate the coming of the new year

D.to keep to a custom

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第9题
Every culture and every country in the world celebrates New Year, but not everyone does it
the same way. The countries in North America and Europe we]come New Year on January the first. This practice began with the Romans in the Middle East, New Year is when spring begins. People in China and Vietnam celebrate it on the first day of the Spring Festival, which is the first day of their calendar based on the moon. Rosh Hashana, which is the Jewish (犹太人的)New Year, comes at the end of summer. The Hindus (印度教教徒) in India celebrate the first day of each season, so they have four New Years.

In all these cultures, there is a practice of making noise. People made noise in ancient times to drive away the evil spirits (妖精) from their homes. Today making noise is more of a custom than a religious ritual(宗教仪式).

In the United States, many people stay up until midnight on New Year's Eve to watch the clock pass from one year to the next. Friends often gather together at a party on New Year's Eve, and when the new year comes, all ring bells, blow whistles, sing songs, and kiss each other. A favorite Scottish song which everyone sings together is Auld Lang Syne. The words tell of old friends and good times.

In all cultures, New Year's Day is a time when people think of new beginnings. They want to make the coming year better than the last one.. Many people in the United States make New Year resolutions. These are specific promises that they make to improve their behavior, change their habits, and become better people. There are many jokes about how a person keeps his or her New Year resolutions.

Is it true, according to the passage, that people all over the world celebrate New Year on January 1st?

A.Yes.

B.No, only the Europeans and North Americans do so.

C.It isn't mentioned.

D.No, only the Romans did so.

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