Top 10 disappointing IT CEOs of 2011
- By Lu Na
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E-mail China.org.cn, February 20, 2012
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Peter Yip (CEO of CDC Corporation)
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Peter Yip [news.kaixinhk.com] |
In 1999, CDC Corporation successfully listed on Nasdaq, becoming the first China's Internet concept stock listed in the U.S. However, due to lack of innovation in its core business, the company filed for bankruptcy in the U.S. in October last year and stock trading was suspended ever since. It may be eligible to enter the OTC market after delisting from the Nasdaq. As the CEO of CDC, Peter Yip has a strong capacity for capital operation. But, the company didn't have a clear business model and just repeated the acquisitions, packaging and spin-off routine during its 12 years listed on the Nasdaq.
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