Chinese Senior Management Internet Positions
In Demand
Packages for executive management with extensive internet
experience in China have shown a sharp rise as the internet
market picks up. Positions in especially heavy demand
are chief financial officer, chief technology officer,
chief marketing officer and chief talent officer (human
resources).
Salaries for managerial positions have gone up by 11%,
while executive positions have gone up by 17%.
The main impetus for the change has been profitability.
When the internet market peaked, then collapsed in 2000,
many companies cut positions, and in some cases even shutting
down whole divisions. In the past year, those companies
which chose to ride out the bubble, instead of totally
shutting down their operations, have been rewarded by
achieving profitability. The most outstanding successes
have been Sina,
Sohu,
and Netease.
The auction site eBay
China has also registered steady growth.
The most outstanding success by far has been Shanda
Interactive Entertainment, whose share price (Nasdaq:
SNDA) has gone up more than 100% in the past three months.
It is now ranked as the most valuable online gaming entertainment
company in the world.
The new stage of internet growth shows that the growth
is no longer confined to the portals, but has showed specialization
as eBay China is focused on auctions, and Shanda on online
gaming.
The next stage of growth will most likely come from online
search and advertising if the US market serves as
an accurate lead indicator.
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