Rising And Falling of Oak Pacific

Written by Luyi Chen on April 6, 2007
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Oak PacificZhang Liang, a journalist of Global Entrepreneur, linked to a recent report of Oak Pacific. In case you don’t know Oak Pacific, this company is treated as an icon in web2.0 of China. It has raised US$ 58 million in two rounds of funding. Its subsidiary companies include Mop, Xiaionei, Donews and a couple of others. The article is a well summary of Oak Pacific from establishment to its almost exploded dream of IPO.

Zhang Liang said this article has been blocked by three biggest news portals under successful PR operation from Oak Pacific . Luo Yihang, the author of the article said: “It’s weird to see a web2.0 company seeking block from traditional news portals regarding negative report.”

We have read though this long article, and found it’s quite informational and objective. It’s hard to grok the whole article. Several main points from it:

Oak Pacific is not focused enough. It has been exploring too many fields. It makes the cord business of the company not so clear. Recently one of its subsidiary Renren, a Craigslist wannabe, has closed the door. Before that it had given up further development of its video sharing site Uume.

It shows that Oak Pacific pays too much attention to capital operation rather than product design. The lesson for other web2.0 companies is that you should select the right niche and be very patient.

Of course Oak Pacific still has enough cash in hand. The story is far from end. But as an icon in this field, why be so stingy in sharing experience with others.

I think this article deserves a translation. Yeeyan, are you there?

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5 Responses to “Rising And Falling of Oak Pacific”

  1. 草莓传播 (Memedia.cn) : 版权束创新，生命诚可贵，清明祭故人 on April 9th, 2007 12:02 am

    […] 千橡的迷局更有趣 ，他们甚至玩起了媒体游戏 （E文），看来中国媒体中仍然有正义。不良企业大都出现在伪2.0企业身上，而真正的2.0创业者们正在努力把社会责任和企业精神结合起来 。 […]

  2. lawrence on April 10th, 2007 12:20 pm

    hi there, I’ll get it done. You may want to check this out in the meantime:

    http://www.yeeyan.com/articles/view/zhouchengly/733#beginComment

  3. Luyi Chen on April 10th, 2007 1:19 pm

    That’s cool.

  4. Global Voices Online » China: MeMedia Issue 4: Copyright Kills Creation, Life’s Precious, Ching Ming Festival on April 20th, 2007 11:46 am

    […] 千橡的迷局更有趣 ，他们甚至玩起了媒体游戏 （E文），看来中国媒体中仍然有正义。不良企业大都出现在伪2.0企业身上，而真正的2.0创业者们正在努力把社会责任和企业精神结合起来 。 […]

  5. Global Voices Online » China: MeMedia Issue 4: Copyright Kills Creation, Life’s Precious, Ching Ming Festival on April 20th, 2007 11:46 am

    […] 惠普公司中国总裁孙振耀正式加入“提前退休计划” (Enhanced Early Retirement Program)，将于今年5月31日离开惠普公司。不管是否是自愿 ，能够在一家大公司的中国首席位置上停留如此长的时间，也是一种难得的智慧，所以难怪惠普的员工也有戚戚焉 。 千橡的迷局更有趣 ，他们甚至玩起了媒体游戏 （E文），看来中国媒体中仍然有正义。不良企业大都出现在伪2.0企业身上，而真正的2.0创业者们正在努力把社会责任和企业精神结合起来 。 HP China president Sun Zhengyao has joined the Enhanced Early Retirement Program officially, and he’ll leave HP on May 31. Whether or not it is a voluntary decision, it requires a precious widsom for staying on the top position of a big company for such long time. No wonder HP staffs are sad to part. The puzzle of Aakpacific seems to be more interesting, and they even started playing media games. It seems that Chinese media is still stand by justice. Harmful firms are fake 2.0 companies, whlie the real 2.0 entrepreneurs are trying to connect social responsibility with enterprise spirit. […]

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