When I read the news on how Alibaba and Ja Ma are cheating Yahoo and just robbing its partners (Y! and Softbank), I am LEAST surprised. Its the nature of everything Chinese to CHEAT. I have had a 5 year hands on experience working and living (intermittently) in China. Mobile2win was a Company that we set up in 2001 that was LUCKILY acquired (by Disney) in 2006. Produced are excerpts of my writings on my experiences in China with links to the articles for further reading. If you want to do business in China - do so on your own RISK. It will be like writing your own death certificate.And this is part of his commentary:
In 2002 in Seoul, I met the CEO of Actoz Software - the global pioneer of massive online multiplayer games. In 2001, he had (unfortunately) licensed his game to a Chinese online games Company that very quickly cheated Actoz by duplicating their game and also not paying Actoz the committed royalty payments. This Chinese Company grew very fast and became a giant and also listed on the Nasdaq. Its valuation today is U.S $2.5+Billion [Shanda Games]. Believe it or not, it also bought Actoz out at throwaway valuations since they had anyway bankrupted the tiny Company.
This philosophy perfectly reflects China. Having stayed there for months in between 5 years, built and sold a company, it's all about taking advantage of people, being very short termist, trying to make a quick buck and then quickly retracting if needed. As the ex Indian co-founder of my Chinese Company brilliantly put it once to me ' Alok! In China, the folks can't understand WIN - WIN - it means that you have something you shouldn't have... for them it's always WIN-LOSE - and they want to win and make you lose'.Source: http://therodinhoods.com/forum/topics/china-the-den-of-thieves