Page 81 - How China Is Winning the Tech Race

success: the right CEO. Not too many heads of Chinese start-ups have
Zhang’s deep managerial and educational background or conceptualization
of a business plan. After six long years of going at it with no break, Zhang
and his team deserve the chance for a Nasdaq listing. Maybe they will make
it happen.
If Zhang has competition for being the most determined entrepreneurial
pioneer in China, it has to be Joe Chen, the crafty and wildly charging founder
of Oak Pacific Interactive. Chen has the Chinese versions of MySpace, Face-
book, YouTube, and Craigslist built into one power-packed collection of sites
for Web-hungry youngsters in China. Personality plus, Chen calls himself
“chief stickiness officer” for his task of keeping Web users glued to his site. He
also has a new motto that sums up a lesson he’s learned in his dash for first
prize in China’s Web world: “Less is more, fast is slow.” Will his new measured
approach work in keeping Murdoch on his toes as MySpace enters China? It
might. It sure beats Chen’s former half-crazy motto taken right from the lips
of Steve Jobs: “Stay hungry, stay foolish.”

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