NETEASE.COM INC. Beijing, China; Chinese Internet Services Firm Presses On After Death Of Ex-CEO.(THE NEW AMERICA)

Publication: Investor's Business Daily

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COPYRIGHT 2005 Investor's Business Daily, Inc.

Byline: ALAN R. ELLIOTT

When Ted Sun died on Sept. 18, reportedly after battling a long-term illness, he left behind a very different company than the one he was hired to revive.

A former investment banker, Sun signed on as the acting chief executive of Netease.com in September 2001. At the time, Netease -- a home-turf pioneer in China's Internet industry -- was heading for its third straight year of red ink.

Those losses -- combined with a class action lawsuit and Securities and Exchange Commission investigation into possible misreported revenue in 2000 -- pushed Netease deep into penny-stock territory.

Sun, a Hong Kong native who earned an MBA from the Wharton School of the University of Pennsylvania, brought in a new management team. He...

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