Conyac で依頼された翻訳結果を公開

A VC told me recently Rekoo’s valuation is more than Angle Birds when the U.S. company had the same revenue. Many VC also though startups from Innovation Works, Lee Kaifu’s incubation center are pricey.

“We think this is bad, too. That will raise the entrepreneurs’ expectation,” said Chris Evdemon, its general manager for incubation programs. And, that is not good for their future growth. ”They should spend their money wisely,” he added.

“I believe this is only a temporary phenomenon. It will not last forever. I guess by the end of this year or next year, the situation will be different,” said Chris. Just a few weeks after our conversation, the market got corrected due to the recent Greek debt crisis. As expected, some of the most over-priced China internet stocks saw their share price plunged a lot. Youku closed at US$28.04 last Friday, or 60% off its peak of US$69.95. Sina dropped from its height of US$147 to US$80.57, an 45% decrease. (In comparison, Tencent dropped about 18% from its height of HK$230.8 and Baidu lost 25% from its height of HK$156.04)

But my guess is: it is not over yet, the bubble will swell again, once the market recover from the recent crisis. And when it will truly burst?? Like the burst of internet bubble during 2001. I think it is hard to tell. While it is easy to spot a bubble, it is much harder to predict when the bubble will burst. Japan’s real estate bubble lasted about a decade, and only burst in the 1990. Nevertheless, the longer it takes for the bubble to burst, the more devastating will be its effect. Japan is still trying to recover from its last blow.