In recent days. The renren net, an information-sorting website of the Oak Pacific Interactive, has to be closed because of its slow development and it was less than one year ago, in May 2005 that it was just reopened. Its end seems as if the winter will come to the information-sorting field, which was paid much attention in the year of 2006 and untill now still stays in the beginning. Almost all the sorting websites haven’t found a reliable way to make benefits.
The president of the Oak Pacific Interactive, Mr Chen yizhou, gives his explaination of the end of renren net in his talk bar, that compared with the other bussiness of company, this one goes too slow. Moreover, he pointed out that, many bubbles existe in this field and those VC investment in this field all belongs to “ too rich to find a place for spending money.”
However, both the KiJiJi website, which is the information-sorting community, and the Koo Xoo website, committing itself to the searching of the sorting information, don’t agree with Mr Chen yizhou very much. The CEO of Koo Xoo, Chen hua, thinks it is too early to make a conclusion to the future of the market, since it just begins to develop in china. But Chen hua also agrees the market is not matured and need the continuous support from the whole field. It is evidenced that in order to increase the users trying to search the sorting information, Koo Xoo, famous for its train ticket service, has opened and improved several services in the searching flight ticket , houses and etc. Chen hua says, in the next year, the main attention will still be given to the product itself.
Wang Jianshuo, the CEO of the KiJiJi of eBay, also thinks the information-sorting is a huge market and also a market with a low developing speed. “ so we make a three-year plan, the first year is to search, the second year is to build a strong foundation and the third year is to develop.” Wand says, the information-sorting sevice, and other internet sevice like B2B, B2C, are the mode of one to many, but information-sorting website is a community, is the mode of many to many. Therefore, any impatient action and over-investing will do the opposite thing.
Maybe they are more patient than Chen Yizhou, but judging from the present situation, the information-sorting is really hard to get a reliable income. Although Wang tells the journalist, that KiJiJi has already got a certain cash income, it is still now in the stage of exploration. Chen hua also says that his company is positively trying many kinds of benefits mode, which includes advertising.