ad info




TIME Asia
TIME Asia Home
Current Issue
Magazine Archive
Asia Buzz
Travel Watch
Web Features
  Entertainment
  Photo Essays

Subscribe to TIME
Customer Services
About Us
Write to TIME Asia

TIME.com
TIME Canada
TIME Europe
TIME Pacific
TIME Digital
Asiaweek
Latest CNN News

Young China
Olympics 2000
On The Road

 ASIAWEEK.COM
 CNN.COM
  east asia
  southeast asia
  south asia
  central asia
  australasia
 BUSINESS
 SPORTS
 SHOWBIZ
 ASIA WEATHER
 ASIA TRAVEL


Other News
From TIME Asia

Culture on Demand: Black is Beautiful
The American Express black card is the ultimate status symbol

Asia Buzz: Should the Net Be Free?
Web heads want it all -- for nothing

JAPAN: Failed Revolution
Prime Minister Yoshiro Mori clings to power as dissidents in his party finally decide not to back a no-confidence motion

Cover: Endgame?
After Florida's controversial ballot recount, Bush holds a 537-vote lead in the state, which could give him the election

TIME Digest
FORTUNE.com
FORTUNE China
MONEY.com

TIME Asia Services
Subscribe
Subscribe to TIME! Get up to 3 MONTHS FREE!

Bookmark TIME
TIME Media Kit
Recent awards

TIME Asia Asiaweek Asia Now TIME Asia story

FEBRUARY 28, 2000 VOL. 155 NO. 8

Anthony Yip
Myrice.com

    ALSO IN TIME
Cover: China Dot Now
The world's last big communist state is hit by a wave of Web mania, and the bureaucrats are fighting to contain it
B2B: Joseph Tong casts a Web over Chinese exporters
Chortling: Wang Zhidong should have laughed last
Crazy Man: Jack Ma goes for the shrimp, not the whales
Princeling: Antony Yip finds the right sites
Geek Chic: Shao Yibo grows up fast
Regulation: How Beijing plans to control the Net

  RELATED STORIES
ASIAWEEK
Show Me the Stock Options!
Intoxicated by dot-com fever, sane folk are taking pay cuts and defecting to start-ups with trendy names. How long will the gold rush continue?

After the Bubble
Asia's technology stocks are defying gravity. Which companies will survive - and thrive - when the mania ends?

Asiaweek/CNN Asian Internet Index
Track our 20 Asian internet stocks

Antony Yip seems too young to order food in a smart restaurant, let alone set up an Internet company that just raised $6.5 million from an American venture capital firm. But order he does--fish and chips, followed by ice cream--"two scoops of strawberry, one chocolate." Nor is his age--he's a boyish 21 and dresses in baggy trousers and sneakers--the only anomaly. Yip runs a collection of 15 Chinese-language websites assembled under his umbrella site, Myrice.com--though he can neither write nor speak Chinese properly. "It's ridiculous, really," he says, smiling disarmingly.


Greg Girard/Contact Press Images for TIME

But under the new logic of the Internet, Yip (whose father, Peter Yip, set up Chinadotcom) has become a hot new player in the China market. His strategy of buying small mainland websites and putting them together with enhanced design and backup is making people take him very seriously. Among other things, his sites offer online games, soccer results, jokes and free software. Yip may not speak much Chinese, but he identifies with the energy of China's budding Internet sector: "It's not because they have connections or went to Qinghua University. It is because they can design a Web page. And that's great."

Yip spent only one year at university, then came to work with his father at Chinadotcom for several years until he set up his own company in 1998. At first he was offering free e-mail, but as he looked for business partners in China, he began to discover "all these cool sites" and started picking them up, cheap. Soccerchina.com cost him just $7,000 last July when he bought it from two brothers living in Guangxi. Yip claims his 15 websites get 3.9 million hits a day. The kid knows a bargain when he sees one.

Write to TIME at mail@web.timeasia.com

This edition's table of contents
TIME Asia home


AsiaNow


China's Hottest Websites

PORTALS
Sina.com The biggest, heavy on news
Netease.com E-mail provider turned portal
Sohu.com Lost early competitive advantage due to management problems

BUSINESS-TO-CONSUMER AND AUCTIONS
8848.net Online shopping with preexisting network of retail stores to deliver goods
Dangdang.com Online bookseller
Eachnet.com Leading auction site
Coolbid.com Auctions
Clubciti.com More auctions

BUSINESS-TO-BUSINESS
Alibaba.com Worldwide trading of products
Meetchina.com Online registry of Chinese exporters

ENTERTAINMENT
Zhaodaola.com Lifestyle portal
Globallink.com Fun online: chess, bridge, mahjong, strategy games
Chinanow.com City listings: restaurants, clubs, events
Myrice.com Collection of sites including soccer results, games, jokes, software

FINANCE
Homeway.com.cn financial information
Stockstar.com share price lists; part of shanghai.online

JOB SEARCH
Zhaopin.com Good source for openings at foreign firms
51job.com Listings of jobs at Chinese companies

Quick Scroll: More stories from TIME, Asiaweek and CNN


   LATEST HEADLINES:

WASHINGTON
U.S. secretary of state says China should be 'tolerant'

MANILA
Philippine government denies Estrada's claim to presidency

ALLAHABAD
Faith, madness, magic mix at sacred Hindu festival

COLOMBO
Land mine explosion kills 11 Sri Lankan soldiers

TOKYO
Japan claims StarLink found in U.S. corn sample

BANGKOK
Thai party announces first coalition partner



TIME:

COVER: President Joseph Estrada gives in to the chanting crowds on the streets of Manila and agrees to make room for his Vice President

THAILAND: Twin teenage warriors turn themselves in to Bangkok officials

CHINA: Despite official vilification, hip Chinese dig Lamaist culture

PHOTO ESSAY: Estrada Calls Snap Election

WEB-ONLY INTERVIEW: Jimmy Lai on feeling lucky -- and why he's committed to the island state



ASIAWEEK:

COVER: The DoCoMo generation - Japan's leading mobile phone company goes global

Bandwidth Boom: Racing to wire - how underseas cable systems may yet fall short

TAIWAN: Party intrigues add to Chen Shui-bian's woes

JAPAN: Japan's ruling party crushes a rebel at a cost

SINGAPORE: Singaporeans need to have more babies. But success breeds selfishness


Launch CNN's Desktop Ticker and get the latest news, delivered right on your desktop!

Today on CNN
 Search

Back to the top   © 2000 Time Inc. All Rights Reserved.
Terms under which this service is provided to you.
Read our privacy guidelines.