Page 189 - How China Is Winning the Tech Race

5. In the first year, revenues were measured in monthly cycles: $2,000 in
June 2006, $5,000 by September, and then $200,000 in October.

6. The venture capital was raised from initial investors GSR and Mayfield
plus DCM. PingCo also got the well-regarded DCM partner Hurst Lin, the
former CEO of the Nasdaq-listed SINA Corp., to join its board.

Chapter Eleven
1. This was Tai’s first deal in Asia since a Web-hosting start-up, iAsiaWorks,
he spearheaded went bust in the dot-com fallout and pieces were sold to
competitors.
2. As of October 2007.
3. The source for market-share data is the Amsterdam-based Web analytics
firm OneStat.com.
4. The estimate is from Maxthon.

Chapter Twelve
1. Edison had 1,000 patents and invented everything from the phonograph
and the lightbulb to the stock ticker and the peephole viewer.
2. Cree was formed in 1987 by researchers from North Carolina State Uni-
versity and is headquartered in the research and development hub Research
Triangle Park.
3. The other three are Xiamen, Dalian, and Shanghai. A fifth base is under
development in Shenzhen.
4. The National Solid-State Lighting Program has assembled 15 research
institutions and university labs and more than 2,500 companies in all seg-
ments, including packaging, components, and instruments.

5. The source is LEDs magazine.
6. The initiative is part of the government’s new five-year economic plan,
which began in 2006.

7. The solid-state lighting initiative encourages public-private partnerships
and has the backing of the highest levels of the Chinese government. Support

Endnotes 163