Contrary to the wisdom in self-help books, sky-high expectation is mostly met with crushing disappointment. Take Sina, China’s second-biggest news portal. It trades at a frothy 47 times this year’s earnings. The hope? That Sina Weibo, its Twitter-like microblog, will start generating enough sales to save its parent from an otherwise maturing business.
與自助書籍中的智慧相反,高得直上雲霄的期望多半只會帶來徹底的失望。就以中國第二大新聞門戶網站新浪(Sina)爲例。其股價達到今年盈利的47倍,顯然有一層泡沫。股民的希望呢?他們希望,新浪微網誌(Sina Weibo)這個類似於Twitter的微網誌網站,將開始產生充足的銷售額,救活母公司趨於成熟的業務。
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