锟皆癸拷锟竭碉拷锟斤拷锟斤拷冒锟斤拷

80锟节伙拷锟斤拷锟?/p>

锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷前锟斤拷私锟剿癸拷权投锟绞ｏ拷Private Equity锟斤拷锟斤拷锟斤拷锟叫癸拷锟斤拷锟斤拷一锟斤拷锟洁当陌锟斤拷锟侥革拷锟筋。锟斤拷锟斤拷锟斤拷知锟斤拷锟斤拷锟斤拷投锟绞ｏ拷Venture Capital锟斤拷锟斤拷锟劫诧拷锟斤拷锟斤拷知锟斤拷锟截癸拷锟秸癸拷锟斤拷Buyout锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟角的癸拷系锟斤拷锟斤拷锟斤拷说锟斤拷锟斤拷锟斤拷锟?/p>

锟斤拷锟斤拷陌锟斤拷锟叫ｏ拷锟斤拷锟斤拷锟斤拷锟斤拷锟节猴拷锟斤拷私锟剿癸拷权投锟斤拷锟斤拷锟叫癸拷锟斤拷投锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷2004锟斤拷锟斤拷锟斤拷锟酵讹拷什锟斤拷锟?锟斤拷锟斤拷元锟斤拷锟斤拷锟斤拷锟斤拷2004锟斤拷祝锟斤拷锟斤拷锟斤拷时锟斤拷锟斤拷约锟斤拷锟斤拷锟斤拷泄锟酵讹拷锟?锟斤拷锟斤拷元锟斤拷锟斤拷使锟斤拷锟斤拷锟斤拷锟斤拷同锟叫讹拷锟斤拷锟斤拷锟斤拷为锟斤拷锟斤拷锟斤拷咏锟斤拷凇锟揭伙拷锟斤拷锟斤拷锟斤拷侄巍锟斤拷锟?/p>

锟斤拷危锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟剿斤拷斯锟饺ㄍ讹拷锟街拷锟斤拷锟斤拷锟斤拷锟斤拷锟剿筹拷锟揭诧拷锟?04锟斤拷锟绞憋拷锟斤拷锟斤拷椋猴拷锟斤拷纸锟斤拷锟斤拷锟教硷拷锟?70锟斤拷锟斤拷锟斤拷诜锟斤拷准锟斤拷锟斤拷锟?80锟斤拷锟侥╋拷锟斤拷锟斤拷锟斤拷粘锟轿拷嘶锟斤拷锟斤拷值姆锟斤拷锟斤拷色锟斤拷直锟斤拷15锟斤拷锟斤拷锟斤拷诔锟轿拷锟斤拷锟揭碉拷碌锟斤拷锟斤拷恰锟?/p>

锟斤拷谓私锟斤拷锟绞憋拷锟斤拷锟斤拷说私募锟斤拷锟斤拷指锟斤拷业锟节癸拷锟斤拷锟斤拷锟叫ｏ拷public offer锟斤拷之锟斤拷锟斤拷锟斤拷锟斤拷侄巍锟斤拷锟斤拷锟轿拷锟斤拷锟斤拷习锟斤拷锟侥凤拷锟斤拷投锟绞和控癸拷锟秸癸拷锟斤拷锟斤拷锟斤拷锟斤拷使锟斤拷私锟斤拷锟绞憋拷锟斤拷锟斤拷锟街凤拷式锟斤拷锟斤拷锟斤拷投锟绞阶段猴拷投锟绞凤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟较革拷址锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟酵讹拷剩锟紼arly-Stage锟斤拷锟斤拷锟缴筹拷锟斤拷投锟绞ｏ拷Growth Capital锟斤拷锟酵杠革拷锟秸癸拷锟斤拷Leverage Buyout锟斤拷锟斤拷

通锟斤拷锟斤拷锟皆ｏ拷私锟斤拷锟绞憋拷锟皆伙拷锟斤拷式锟斤拷营锟斤拷每锟节伙拷锟斤拷锟斤拷锟斤拷懈锟斤拷猿锟轿伙拷锟斤拷栈锟斤拷锟斤拷锟斤拷锟斤拷媳锟斤拷战稹⒋锟窖э拷锟斤拷锟斤拷锟斤拷小锟斤拷锟斤拷诺锟斤拷锟斤拷藓匣锟斤拷耍锟絃imited Partner锟斤拷业锟节硷拷锟轿狶P锟斤拷锟结供锟绞斤拷锟斤拷投锟绞癸拷司锟斤拷锟斤拷通锟较伙拷锟剿ｏ拷General Partner锟斤拷Sponsor锟斤拷锟斤拷通锟斤拷锟斤拷锟斤拷锟较碉拷投锟斤拷锟竭ｏ拷锟斤拷锟斤拷锟绞斤拷木锟斤拷锟斤拷锟斤拷锟?斤拷8锟斤拷锟揭伙拷诨锟斤拷锟斤拷栈爻杀锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷蟆６锟斤拷锟斤拷锟斤拷锟铰ｏ拷锟斤拷去锟斤拷锟斤拷司锟斤拷锟斤拷营锟斤拷锟矫ｏ拷投锟斤拷锟斤拷锟斤拷锟?%锟斤拷锟斤拷LP锟斤拷剩锟斤拷20%锟斤拷锟斤拷锟斤拷投锟斤拷锟竭★拷锟斤拷锟叫癸拷锟斤拷锟斤拷锟斤拷锟斤拷要锟斤拷色锟斤拷锟斤拷锟斤拷GP锟斤拷锟斤拷锟斤拷锟斤拷投锟绞碉拷锟剿★拷

锟斤拷锟斤拷2005锟疥，锟斤拷锟斤拷突然锟斤拷然一锟铰★拷锟斤拷钱锟斤拷锟斤拷锟叫癸拷锟斤拷锟狡猴拷锟斤拷锟斤拷锟斤拷锟斤拷应锟斤拷之锟铰★拷
2005锟斤拷11锟铰ｏ拷IDG锟斤拷锟斤拷锟斤拷锟斤拷Accel投锟绞癸拷司锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷募锟绞ｏ拷锟斤拷叱锟斤拷锟铰凤拷莶锟酵拷锟絀DG-Accel锟斤拷锟脚讹拷只锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟侥酒碉拷锟斤拷锟斤拷锟斤拷锟揭伙拷锟斤拷锟剿碉拷锟饺伙拷锟酵撅拷锟斤拷锟斤拷锟斤拷锟截斤拷幕锟斤拷锟酵讹拷锟斤拷叩锟斤拷拧锟斤拷锟斤拷锟角ｏ拷锟斤拷锟劫硷拷投锟斤拷锟斤拷希锟斤拷投锟斤拷8锟斤拷9锟斤拷锟斤拷元锟斤拷锟斤拷锟角碉拷锟较伙拷锟剿的撅拷锟斤拷锟酵癸拷锟斤拷锟斤拷锟斤拷锟斤拷IDG只锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷2.7锟节★拷

锟斤拷锟斤拷锟捷侈ｏ拷锟斤拷锟斤拷为锟节诧拷锟斤拷锟斤拷锟绞ｏ拷IRR锟斤拷锟斤到42%锟斤拷IDG锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷晒锟斤拷姆锟斤拷锟酵讹拷使锟剿局伙拷锟缴硷拷时锟斤拷锟絊equoia Capital锟斤拷锟斤拷携锟斤拷锟斤拷原CFO锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷泄锟斤拷锟斤拷穑锟斤拷锟酵拷锟矫伙拷锟揭伙拷壹野莘锟酵讹拷锟斤拷撸锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟矫伙拷锟斤拷锟酵拷锟斤拷锟斤拷锟斤拷缍拷锟斤拷锟斤拷诨锟斤拷锟斤拷锟揭讹拷锟斤拷锟斤拷母锟斤拷锥危锟絪tage锟斤拷锟斤拷锟斤拷业锟斤拷锟斤拷募锟斤拷锟斤拷2锟斤拷锟斤拷元锟斤拷

锟斤拷然锟斤拷锟斤拷没锟斤拷一锟斤拷统一锟节撅拷锟斤拷锟斤拷业锟斤拷锟窖撅拷锟斤拷锟轿筹拷锟斤拷一锟斤拷约锟皆的癸拷识锟斤拷锟斤拷为锟斤拷锟截讹拷锟斤拷准锟侥硷拷锟斤拷锟角ｏ拷2005锟疥，锟斤拷锟解创投锟斤拷锟斤拷锟斤拷锟斤拷录锟斤拷一锟斤拷募锟斤拷锟斤拷40锟斤拷锟斤拷元锟铰伙拷锟金，碉拷2006锟疥，锟斤拷锟斤拷锟斤拷锟斤拷投锟绞碉拷私锟剿癸拷权投锟绞伙拷锟斤拷一锟斤拷锟缴达拷60锟斤拷80锟斤拷锟斤拷元锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷拢锟斤拷锟叫┣︼拷锟斤拷堑锟揭伙拷昊拷锟揭伙拷耄拷诙锟斤拷昊拷锟?%锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟?%锟斤拷

锟斤拷锟斤拷只要锟斤拷一锟斤拷锟剿的变化锟斤拷锟酵匡拷锟斤拷知锟斤拷钱锟侥变化锟斤拷2005锟疥，锟叫斤拷30位投锟绞硷拷锟斤拷锟桔ｏ拷锟斤拷锟叫诧拷锟斤拷摩锟斤拷斯坦锟斤拷锟叫癸拷锟斤拷锟斤拷席锟矫稼★拷摩锟斤拷士锟斤拷锟斤拷直锟斤拷投锟绞诧拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟藉、锟铰凤拷锟饺拷锟斤拷锟斤拷锟斤拷锟脚凤拷锟饺达拷锟狡★拷锟斤拷锟斤拷为锟斤拷业锟斤拷原锟斤拷锟剿才达拷锟斤拷锟斤拷锟姐，锟斤拷锟叫达拷锟斤拷业锟斤拷锟斤拷锟斤拷氤★拷锟斤拷锟斤拷锟斤拷锟皆瑿OO锟斤拷锟斤拷锟教★拷锟脚伙拷锟斤拷锟叫癸拷锟斤拷原锟杰诧拷锟杰猴拷一锟酵分憋拷锟斤拷锟斤拷锟斤拷锟酵讹拷使锟剿綝CM锟斤拷IDG锟斤拷

锟斤拷钱锟斤拷锟斤拷锟斤拷顺锟斤拷欤拷锟斤拷锟斤拷锟斤拷锟斤拷悖猴拷锟揭伙拷锟斤拷锟斤拷锟斤拷锟斤拷式锟教拷啵拷锟斤拷锟斤拷锟侥匡拷锟斤拷锟斤拷锟斤拷啵讹拷锟斤拷锟窖帮拷液锟斤拷锟斤拷锟结，锟叫癸拷锟斤拷锟皆得诧拷锟缴达拷锟斤拷锟斤拷锟斤拷锟斤拷2005锟疥，一锟斤拷锟斤拷锟缴癸拷锟斤拷锟斤拷锟斤拷锟斤拷目锟斤拷锟斤拷锟叫癸拷锟斤拷业锟节回憋拷锟绞猴拷投锟绞癸拷模锟斤拷锟芥都锟杰达到锟斤拷锟斤拷锟绞憋拷准锟斤拷锟斤拷

锟斤拷锟斤拷前LP锟斤拷锟斤拷趣锟斤拷锟斤拷锟斤拷谓锟斤拷锟斤拷泄锟斤拷谐锟斤拷锟斤拷锟斤拷诠锟饺ワ拷锟?锟斤拷锟斤拷锟斤，锟斤拷锟角碉拷锟斤拷趣锟窖撅拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟叫癸拷锟斤拷锟斤拷锟截憋拷锟斤拷锟斤拷锟斤拷锟斤拷平说锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷前英锟截讹拷投锟斤拷锟叫癸拷锟斤拷司战锟斤拷投锟斤拷锟杰硷拷6锟疥，也锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟絀gnition投锟绞癸拷司锟斤拷锟较筹拷锟斤拷锟斤拷锟斤拷锟斤拷投锟斤拷锟斤拷锟节碉拷3锟斤拷锟斤拷元锟斤拷锟揭碉拷锟绞斤拷

2005锟疥，锟斤拷锟斤拷锟斤拷锟狡硷拷锟斤拷投锟绞癸拷司锟斤拷募锟斤拷锟斤拷250锟斤拷锟斤拷元锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟绞ｏ拷平摊锟斤拷2006锟疥，应锟斤拷600锟斤拷锟斤拷元锟斤拷投锟绞讹拷取锟斤拷锟斤拷锟斤拷锟斤拷牵锟酵讹拷锟斤拷锟斤拷丫锟斤拷锟斤拷愿芯锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷艽锏?%锟斤拷锟斤拷业锟揭诧拷锟斤拷锟斤拷锟杰憋拷锟斤拷锟斤拷10%锟斤拷锟斤拷锟斤拷5%锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷投锟斤拷锟剿非筹拷锟斤拷锟解。

锟斤拷锟斤拷之锟铰ｏ拷锟叫癸拷锟斤拷投锟绞回憋拷锟斤拷锟皆碉拷锟斤拷为锟斤拷喜锟斤拷锟斤拷锟斤拷投锟斤拷盛锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟酵讹拷驶锟斤拷锟斤拷锟?锟斤拷锟斤拷锟节伙拷锟斤拷锟?锟斤拷锟截憋拷锟绞ｏ拷锟斤拷锟斤拷锟斤拷为锟斤拷投锟斤拷锟斤拷锟斤拷2锟斤拷锟节达拷锟斤拷20锟斤拷锟截憋拷锟斤拷锟劫度的碉拷一锟斤拷投锟斤拷锟竭碉拷IPO时锟侥回憋拷锟绞匡拷锟皆达到1000锟斤拷锟斤拷锟斤拷使锟节讹拷锟斤拷投锟斤拷锟斤拷也锟斤拷锟皆伙拷锟?0锟斤拷锟截憋拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟叫德的癸拷锟铰憋拷锟斤拷锟斤拷为锟斤拷锟斤拷一锟街★拷锟劫讹拷锟诫激锟介”锟侥版本锟斤拷2005锟斤拷锟斤拷投锟斤拷锟竭斤拷锟诫，锟斤拷锟斤拷锟剿撅拷锟斤拷锟斤拷校锟斤拷锟斤拷邪锟斤拷锟斤拷锟斤拷锟斤拷冢锟酵讹拷锟斤拷呔涂锟斤拷曰锟斤拷锟斤拷十锟斤拷锟截憋拷锟剿★拷

锟斤拷锟斤拷乒锟剿就筹拷疲锟斤拷锟?05锟斤拷锟节ｏ拷锟叫癸拷锟缴达拷投支锟街碉拷锟斤拷锟叫和诧拷锟斤拷锟斤拷目锟酵分憋拷锏斤拷液锟?锟揭ｏ拷锟斤拷锟斤拷为锟斤拷锟斤拷锟劫碉拷投锟绞凤拷锟斤拷锟斤拷恕锟饺拷荽颉薄锟斤拷锟酵讹拷锟揭碉拷诙锟?锟斤拷锟斤拷锟较回憋拷锟绞的硷拷啤锟斤拷锟剿碉拷锟斤拷锟斤拷胁锟斤拷锟斤拷锟斤拷锟酵讹拷锟斤拷耍锟斤拷锟轿拷锟?斤拷锟脚伙拷锟缴价碉拷锟斤拷1元时锟斤拷锟斤拷锟斤拷锟斤拷锟狡憋拷锟酵达拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟叫癸拷锟斤拷司锟斤拷趣锟斤拷然锟斤拷

同时锟斤拷锟斤拷注锟截癸拷模锟侥控癸拷锟秸癸拷锟斤拷Buyout锟斤拷锟斤拷锟津，达拷锟斤拷也锟窖筹拷锟街★拷锟斤拷锟斤拷锟斤拷锟绞憋拷锟斤拷锟斤拷锟筋发展之锟斤拷芫茫锟斤拷毓锟斤拷展锟斤拷锟斤拷诨锟皆撅拷锟斤拷锟斤拷锟斤拷锟斤拷锟?05锟斤拷卓锟斤拷准锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟剿拷锟斤拷锟斤拷泄锟斤拷锟斤拷私锟剿癸拷权锟斤拷锟阶的硷拷录锟斤拷锟斤拷锟斤拷7.85锟斤拷锟斤拷元锟斤拷锟斤拷锟斤拷锟届工锟斤拷械锟斤拷太平锟斤拷锟斤拷锟劫★拷锟斤拷螅锟狡斤拷诠锟揭╋拷凸锟斤拷锟斤拷锟酵伙拷疲锟斤拷约锟斤拷煤锟斤拷拥锟斤拷锟斤拷锟斤拷锟斤拷锟揭伙拷锟街わ拷锟斤拷锟街帮拷慕锟斤拷撞锟斤拷歉锟斤拷锟斤拷锟绞わ拷锟斤拷锟?/p>

锟截癸拷锟秸癸拷锟叫筹拷锟侥凤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷一锟斤拷锟脚号ｏ拷私锟剿癸拷权投锟斤拷锟斤拷锟叫癸拷锟斤拷为锟侥空间将锟斤拷为锟斤拷锟接★拷锟斤拷锟斤拷锟秸癸拷锟绞撅拷锟介，锟截癸拷锟秸癸拷锟角比凤拷锟斤拷投锟绞革拷锟斤拷锟斤拷锟斤拷锟斤拷锟饺讹拷锟侥诧拷锟斤拷锟斤拷式锟斤拷

锟斤拷锟斤拷锟叫癸拷锟斤拷锟斤拷锟斤拷一锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟秸间：锟斤拷锟阶★拷KKR锟饺筹拷锟节控癸拷锟秸癸拷锟竭ｏ拷一锟斤拷锟斤拷殉锟皆赌匡拷锟斤拷锟斤拷锟斤拷锟饺拷锟酵ㄊ碉拷锟街拷锟斤拷A锟斤拷锟斤拷锟叫癸拷司锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷芄锟斤拷锟斤拷氲斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟揭碉拷锟斤拷锟斤拷锟斤拷校锟斤拷锟侥拷锟斤拷伞锟斤拷锟斤拷锟斤拷锟斤拷锟揭碉拷拇锟缴讹拷锟斤拷锟角癸拷锟斤拷委锟斤拷太锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟角诧拷太锟斤拷锟杰筹拷锟街的★拷锟斤拷锟斤拷锟斤拷锟绞憋拷CEO锟斤拷锟斤拷锟斤拷锟斤拷说锟斤拷锟斤拷锟斤拷锟斤拷然锟斤拷锟杰筹拷锟街很讹拷幕锟斤拷锟阶★拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷5锟斤拷10锟斤拷锟斤拷锟界将锟结看锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷式穑锟斤拷锟斤拷锟劫斤拷锟叫癸拷锟斤拷锟矫★拷锟斤拷营锟斤拷锟斤拷锟侥癸拷锟教★拷

私锟剿癸拷权投锟绞碉拷锟斤拷锟?/p>

锟斤拷锟斤拷偷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟阶斤拷锟斤拷锟斤拷系锟斤拷一锟斤拷私锟斤拷锟绞憋拷投锟斤拷锟斤拷通锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷碌锟斤拷锟揭伙拷锟侥ｏ拷锟饺达拷锟斤拷氐锟斤拷锟斤拷住锟?/p>

锟斤拷锟叫癸拷锟斤拷锟狡匡拷锟斤拷戏锟斤拷锟斤拷锟斤拷锟斤拷一群锟剿ｏ拷锟斤拷筒锟斤拷锟斤拷锟襟，硷拷锟斤拷锟斤拷35锟斤拷锟斤拷45锟斤拷洌拷锟斤拷羌锟斤拷锟斤拷锟斤拷锟?80锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟揭碉拷锟斤拷诨锟斤拷锟斤拷止锟斤拷锟斤拷锟斤拷瘢锟斤拷锟?00锟斤拷前锟斤拷锟斤拷锟斤拷锟节的达拷业锟斤拷司锟斤拷锟斤拷锟斤拷锟窖撅拷锟斤拷锟斤拷细锟斤拷校锟斤拷锟斤拷锟斤拷锟斤拷枪锟斤拷锟斤拷锟斤拷锟饺伙拷锟斤拷群锟斤拷锟斤拷亩锟斤拷锟斤拷锟较帮拷叩偷锟斤拷锟斤拷拢锟斤拷锟斤拷锟斤拷遣锟斤拷锟斤拷锟斤拷诮锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟絀T锟斤拷司锟斤拷业锟竭碉拷锟斤拷锟斤拷愿锟斤拷锟皆筹拷锟斤拷锟今—★拷锟斤拷锟斤拷投锟绞的ｏ拷锟斤拷锟斤拷些没锟斤拷锟斤拷锟斤拷锟斤拷锟皆承碉拷锟斤拷营锟斤拷锟秸碉拷锟斤拷业锟揭★拷锟斤拷锟斤拷锟斤拷锟斤拷么锟斤拷锟斤拷锟斤拷锟揭讹拷锟藉。锟斤拷锟解，锟斤拷锟斤拷锟斤拷强锟斤拷锟斤拷锟斤拷锟揭伙拷锟斤拷锟斤拷锟斤拷牵锟斤拷锟斤拷圈锟斤拷锟斤拷锟较猴拷锟剿很多。

锟斤拷锟剿碉拷锟斤拷锟斤拷泻味锟斤拷氐牟锟斤拷埽锟斤拷锟斤拷锟剿碉拷锟斤拷嵌锟斤拷锟斤拷锟角拷锟斤拷锟斤拷锟剿碉拷锟斤拷歉锟斤拷锟斤拷锟狡斤拷锟斤拷锟斤拷锟斤拷锟铰碉拷锟桔合匡拷锟斤拷锟斤拷锟斤拷锟斤拷锟缴癸拷锟侥凤拷锟斤拷投锟绞硷拷锟狡??斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟皆硷拷锟侥癸拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷为锟斤拷锟斤拷锟斤拷锟斤拷押锟斤拷锟街ｏ拷锟斤拷锟斤拷押锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟矫伙拷锟斤拷烁页疲锟斤拷锟斤拷锟酵讹拷锟斤拷遣锟剿癸拷锟狡伙拷锟斤拷桶锟斤拷锟缴拷募坠锟斤拷牡锟斤拷锟斤拷锟斤拷辏拷锟斤拷锟绞讹拷锟街拷锟斤拷锟斤拷锟斤拷锟斤拷锟侥成撅拷锟斤拷选锟斤拷锟斤拷锟剿讹拷锟斤拷莫锟斤拷模锟斤拷锟斤拷锟斤拷群锟斤拷锟斤拷锟斤拷锟酵讹拷锟斤拷呕锟斤拷锟紾oogle锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷为锟津单ｏ拷锟斤拷莫锟斤拷暮锟斤拷遣锟剿癸拷锟斤拷遣锟斤拷锟剿硷拷锟斤拷锟斤拷锟筋尽锟斤拷锟斤拷锟斤拷锟竭★拷锟斤拷锟斤拷锟斤拷锟叫癸拷锟斤拷一位投锟斤拷锟斤拷锟斤拷为锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟揭碉拷锟斤拷锟斤拷杉锟斤拷锟斤拷锟揭拷锟斤拷锟剿硷拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷诔械锟斤拷锟斤拷蔚锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷氐锟斤拷锟教拷锟斤拷锟斤拷叩却锟斤拷锟斤拷锟斤拷暮锟斤拷愎伙拷锟斤拷诜堋锟?/p>

锟斤拷锟斤拷锟角的癸拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷一锟斤拷钱锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷什么锟斤拷然锟斤拷赚锟斤拷锟斤拷锟斤拷锟斤拷一锟斤拷钱锟斤拷

锟斤拷锟斤拷锟斤拷锟斤拷说锟斤拷锟斤拷锟斤拷只锟斤拷锟斤拷锟斤拷默锟斤拷之锟斤拷锟斤拷为钱锟斤拷锟斤拷锟斤拷锟较凤拷铮拷燃锟轿拷锟揭拷锟饺达拷植锟斤拷愎伙拷锟揭拷锟?92锟斤拷前锟襟，碉拷一锟斤拷私锟剿癸拷权投锟斤拷锟斤拷锟皆猴拷锟斤拷锟斤拷锟斤拷锟竭癸拷锟斤拷锟绞憋拷锟侥硷拷值锟斤拷锟斤拷锟斤拷锟斤拷锟窖拷锟斤拷薰椤?/p>

锟斤拷锟斤拷时一锟斤拷锟斤拷锟酵碉拷锟斤拷锟斤拷锟角ｏ拷锟斤拷锟斤拷锟揭伙拷夜锟剿?%锟侥股份ｏ拷锟酵匡拷锟斤拷为锟斤拷锟斤拷为锟斤拷锟酵匡拷锟皆帮拷一锟揭憋拷锟斤拷锟狡诧拷锟侥癸拷锟斤拷锟斤拷业锟斤拷为锟斤拷蟆！锟揭晃伙拷锟斤拷泄锟斤拷锟斤拷锟揭碉拷泄锟绞拷锟斤拷锟斤拷业锟斤拷锟斤拷锟竭伙拷锟斤拷说锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷恪拷锟斤拷锟斤拷炜拷锟斤拷锟斤拷锟接★拷锟斤拷为锟斤拷锟斤拷锟斤拷锟叫猴拷锟斤拷锟斤拷锟结供锟剿很讹拷锟窖碉拷锟斤拷锟?/p>

锟斤拷锟斤拷投锟斤拷锟斤拷锟叫ｏ拷锟斤拷锟斤拷锟斤拷锟杰憋拷锟斤拷锟斤拷模锟揭诧拷锟斤拷锟斤拷锟轿ㄒ伙拷锟斤拷锟斤拷锟斤拷锟竭ｏ拷锟斤拷锟斤拷锟铰科★拷锟斤拷锟斤拷锟斤拷锟叫癸拷锟斤拷锟斤拷锟姐部锟斤拷锟斤拷锟届集锟斤拷之一锟斤拷

1994锟斤拷2锟铰ｏ拷锟斤拷锟斤拷6锟?锟斤拷投锟绞癸拷司锟斤拷锟斤拷慕芸藖6锟?锟狡凤拷斯锟斤拷锟斤拷锟斤拷1.58锟斤拷锟斤拷元锟斤拷锟斤拷锟叫癸拷锟斤拷锟斤拷锟斤拷锟斤拷锟铰匡拷锟斤拷锟斤拷战锟斤拷投锟绞癸拷司锟斤拷展锟斤拷锟斤拷锟斤拷锟斤拷前锟侥仿凤拷一片锟狡斤拷锟教就碉拷锟斤拷色锟斤拷锟襟。从碉拷锟斤拷8锟铰份匡拷始锟斤拷每锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟叫癸拷锟斤拷锟揭蛔拷展锟斤拷锟斤拷锟斤拷驴瓢锟斤拷锟斤拷鸾杭锟斤拷锟剿撅拷锟斤拷锟斤拷驴锟斤拷锟斤拷锟饺硷拷锟斤拷锟斤拷锟较低筹拷锟剿撅拷锟斤拷锟斤拷驴锟斤拷锟斤拷锟斤拷锟窖癸拷锟斤拷贫锟斤拷锟斤拷锟斤拷锟剿撅拷锟斤拷锟绞拷锟揭撅拷营锟斤拷锟窖的癸拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷业锟斤拷迅锟劫达拷锟较★拷锟斤拷锟铰科★拷锟斤拷品锟狡ｏ拷之锟斤拷锟斤拷锟斤拷锟斤拷摹锟?/p>

锟斤拷每锟轿伙拷锟斤拷锟斤拷锟斤拷锟揭讹拷要锟斤拷锟斤拷锟铰科碉拷投锟斤拷锟斤拷锟角斤拷锟酵很多，锟斤拷锟角搞不锟斤拷锟斤拷锟斤拷啤锟斤拷为什么锟斤拷营锟斤拷锟狡★拷锟节诧拷锟斤拷锟斤拷锟斤拷谐锟斤拷锟斤拷锟斤拷校锟斤拷锟斤拷驴锟斤拷锟斤拷锟斤拷锟斤拷锟洁不锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟窖★拷锟斤拷锟节达拷前锟斤拷一锟轿采凤拷锟叫ｏ拷平锟狡凤拷斯锟斤拷锟皆★拷锟斤拷锟斤拷锟斤拷业锟揭★拷说锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟窖和撅拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟较匡拷锟斤拷学锟矫碉拷锟侥ｏ拷只锟叫碉拷锟斤拷锟叫癸拷锟斤拷锟斤拷锟戒境锟斤拷锟斤拷呕锟斤拷锟斤拷锟斤拷锟斤拷艿锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷驴锟斤拷锟阶拷停锟斤拷锟斤拷锟斤拷泄锟斤拷锟斤拷锟斤拷锟斤拷锟叫达拷锟揭伙拷锟斤拷锟斤拷锟斤拷椤讹拷泄锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟酵讹拷锟斤拷锟斤拷锟捷ｏ拷锟斤拷锟铰科癸拷司锟节诧拷锟斤拷士锟狡ｏ拷锟斤拷也锟斤拷愿锟结及锟斤拷锟斤拷锟斤拷锟斤拷锟?04锟斤拷8锟铰★拷锟斤拷锟杰克★拷锟叫癸拷锟斤拷锟秸记★拷锟斤拷锟斤拷

锟斤拷锟斤拷然锟斤拷也锟斤拷希锟斤拷每锟斤拷锟斤拷目锟斤拷锟叫癸拷锟斤拷锟斤拷锟斤拷锟斤拷锟绞憋拷洌拷锟斤拷锟斤拷泄锟斤拷锟斤拷一锟斤拷锟斤拷锟斤拷锟斤拷目锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷拢锟斤拷欠浅锟轿ｏ拷盏摹锟斤拷锟斤拷锟斤拷嵌锟斤拷锟襟，匡拷锟斤拷投锟绞讹拷锟斤拷锟杰撅拷锟斤拷锟斤拷锟斤拷锟斤拷展锟揭碉拷锟斤拷锟较拷锟斤拷锟斤拷锟斤拷蚨锟街憋拷浴锟斤拷锟斤拷锟?斤拷时锟戒，锟斤拷锟斤拷锟斤拷锟戒凯锟斤拷锟脚队凤拷锟斤拷啥锟斤拷旃わ拷锟叫碉拷锟教斤拷锟斤拷锟斤拷俚锟斤拷锟阶拷锟斤拷锟斤拷锟斤拷锟绞癸拷锟剿ｏ拷锟斤拷锟斤拷锟斤拷锟斤拷一锟斤拷3锟斤拷时锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷时锟斤拷去锟教伙拷锟斤拷锟竭★拷

锟斤拷锟斤拷锟斤拷锟铰匡拷锟角ｏ拷锟斤拷锟津东的硷拷值锟斤拷锟节ｏ拷锟斤拷锟斤拷一锟脚伙拷色锟斤拷祝锟斤拷锟斤拷锟斤拷锟较わ拷泄锟斤拷锟斤拷锟斤拷纾拷锟斤拷锟界不锟斤拷锟斤拷锟桔的★拷锟斤拷锟斤拷权锟斤拷锟斤拷锟斤拷锟较ｏ拷锟斤拷锟斤拷锟斤拷锟矫斤拷锟斤拷之锟斤拷锟斤拷为锟斤拷锟斤拷旃わ拷锟叫?%锟侥癸拷权锟斤拷锟斤拷锟斤拷锟斤拷签锟斤拷一锟斤拷锟斤拷锟狡癸拷锟斤拷锟斤拷锟矫碉拷协锟介，同锟解凯锟斤拷锟斤拷3锟斤拷锟节诧拷锟斤拷锟叫癸拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟节斤拷锟阶缔斤拷锟斤拷锟斤拷涂锟绞硷拷锟斤拷锟斤拷旃わ拷锟狡革拷蟹锟斤拷锟斤拷锟斤拷专锟脚★拷锟斤拷锟节诧拷锟斤拷锟斤拷锟斤拷锟斤拷时锟斤拷锟斤拷锟接凤拷锟斤拷锟斤拷锟角猴拷锟斤拷投锟斤拷锟斤拷通锟斤拷锟斤拷锟斤拷锟斤拷锟侥★拷

同锟斤拷锟斤拷锟斤拷示锟斤拷锟斤拷值锟侥ｏ拷锟角匡拷锟阶讹拷锟斤拷太平锟斤拷锟秸碉拷注锟绞★拷锟斤拷锟酵拷锟斤拷丫锟斤拷锟斤拷碌慕锟斤拷祝锟斤拷锟街碉拷锟斤拷冢锟斤拷锟斤拷诮锟斤拷锟街帮拷丫锟轿拷约锟斤拷锟斤拷锟斤拷锟剿筹拷锟斤拷锟斤拷锟酵拷锟斤拷锟?/p>

知锟竭称ｏ拷太锟斤拷锟斤拷锟皆匡拷锟截匡拷锟阶ｏ拷一锟斤拷锟截硷拷锟角匡拷锟斤拷锟斤拷锟侥猴拷锟斤拷锟斤拷楸ｏ拷锟斤拷拧锟斤拷锟轿拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷诙锟斤拷锟斤拷锟斤拷俦锟斤拷展锟剿撅拷锟斤拷锟斤拷锟斤拷锟斤拷锟?05锟疥净锟斤拷锟斤拷叽锟?锟斤拷锟斤拷元锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷使锟斤拷锟绞憋拷锟秸癸拷司锟阶凤拷锟节癸拷锟节筹拷锟斤拷锟斤拷锟绞癸拷司锟皆斤拷锟斤拷锟斤拷锟斤拷锟叫筹拷锟斤拷锟斤拷锟斤拷锟斤拷却始锟斤拷未锟叫达拷锟斤拷锟斤拷

锟斤拷锟斤拷舜锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟窖撅拷锟斤拷锟斤拷锟斤拷锟斤拷目为锟斤拷锟斤拷之锟劫★拷锟斤拷锟斤拷协锟介，锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷一锟斤拷锟斤拷营锟斤拷锟斤拷委员锟结，锟斤拷锟斤拷太锟斤拷锟斤拷锟劫碉拷业锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷峁╋拷锟斤拷锟斤拷锟揭伙拷挚锟斤拷埽锟斤拷诒锟斤拷锟斤拷藕涂锟斤拷椎墓锟斤拷锟斤拷拢锟斤拷锟斤拷太锟斤拷锟侥撅拷营业锟斤拷锟斤拷转锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟绞ｏ拷锟斤拷锟斤拷锟斤拷太锟斤拷锟斤拷锟劫憋拷锟揭伙拷液锟斤拷锟斤拷锟斤拷展锟剿撅拷锟斤拷锟斤拷锟剿筹拷锟斤拷锟斤拷之锟铰★拷锟斤拷锟斤拷锟斤拷锟斤拷玫模锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷使锟剿撅拷锟斤拷锟侥拷锟斤拷锟斤拷哟锟斤拷锟斤拷锟斤拷锟斤拷纭?/p>

锟斤拷使锟斤拷锟筋坏预锟节ｏ拷锟斤拷锟阶和憋拷锟斤拷锟斤拷锟皆猴拷锟窖匡拷锟街讹拷锟介：太锟斤拷锟斤拷前锟斤拷状锟斤拷锟斤拷锟节惨碉拷锟斤拷锟斤拷值锟秸硷拷锟斤拷缘霉锟斤拷锟斤拷锟斤拷莩牵锟斤拷锟斤拷式锟斤拷锟角帮拷锟教拷锟斤拷锟斤拷俚木锟接达拷锟斤拷锟斤拷锟斤拷锟脚拷吮锟斤拷锟结。锟斤拷锟节筹拷锟斤拷锟斤拷锟斤拷锟斤拷锟截诧拷锟姐，太锟斤拷锟斤拷锟斤拷锟斤拷2004锟斤拷2005锟斤拷锟斤拷锟斤拷锟斤拷锟接碉拷锟剿憋拷锟斤拷帷帮拷锟缴拷锟皆わ拷锟斤拷锟斤拷锟斤拷锟斤拷锟剿ｏ拷锟斤拷锟斤拷锟斤拷太锟斤拷锟斤拷锟斤拷占锟斤拷锟斤拷锟侥筹拷锟叫的诧拷锟斤拷也没锟斤拷锟斤拷效锟斤拷锟斤拷锟斤拷些锟叫筹拷锟斤拷锟斤拷锟斤拷锟铰猴拷锟绞癸拷司锟侥达拷锟斤拷锟斤拷锟街ｏ拷太锟斤拷锟侥达拷锟斤拷锟斤拷锟斤拷失锟斤拷锟斤拷嗟憋拷锟斤拷兀锟揭碉拷锟斤拷锟斤拷锟斤拷禄锟斤拷锟?/p>

锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷胜锟斤拷之前锟斤拷没锟斤拷锟剿革拷锟斤拷锟斤拷太锟斤拷锟街观的讹拷锟皆★拷锟斤拷锟斤拷暇锟斤拷歉锟教拷锟斤拷锟斤拷拥锟斤拷锟较凤拷锟斤拷锟饺?锟斤拷洌拷毓锟斤拷展锟斤拷锟斤拷峁╋拷锟斤拷锟斤拷锟斤拷锟街碉拷锟斤拷锟斤拷锟斤拷冢锟酵拷锟斤拷锟斤拷慕锟斤拷耄拷芄锟斤拷谋锟斤拷锟揭碉拷幕锟斤拷疲锟斤拷锟斤拷锟皆达拷锟斤拷锟斤拷锟斤拷锟斤拷锟矫★拷锟斤拷锟斤拷锟叫癸拷锟斤拷些锟斤拷锟斤拷实锟街癸拷锟斤拷锟截股的癸拷司锟斤拷锟斤拷锟狡猴拷锟侥革拷锟斤拷值锟斤拷锟斤拷执锟斤拷锟斤拷锟斤拷锟斤拷却锟斤拷锟斤拷锟斤拷锟阶★拷

锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟筋发展锟铰硷拷锟斤拷锟斤拷锟斤拷投锟绞的讹拷锟斤拷锟杰撅拷锟斤拷锟轿帮拷锟斤拷锟矫斤拷锟劫癸拷锟斤拷锟斤拷一锟斤拷锟斤拷锟接ｏ拷锟斤拷诺锟秸斤拷锟杰诧拷去锟斤拷锟斤拷锟秸诧拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷艹晒锟斤拷锟斤拷锟轿拷锟斤拷锟角帮拷锟斤拷锟剿ｏ拷锟斤拷锟矫顾硷拷锟秸憋拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷佣锟狡★拷

锟斤拷同锟斤拷锟斤拷锟斤拷悖拷锟斤拷泄锟斤拷锟轿达拷锟斤拷锟酵拷锟斤拷慕锟街★拷2006锟斤拷2锟斤拷11锟秸ｏ拷锟斤拷锟斤拷锟斤拷之约锟斤拷锟筋发展锟斤拷锟叫筹拷锟斤拷韦锟杰凤拷锟斤拷式锟斤拷锟铰伙拷锟斤拷锟斤拷锟街帮拷锟揭伙拷锟斤拷前锟斤拷锟斤拷位锟斤拷锟杰癸拷注锟侥★拷锟斤拷锟叫筹拷锟斤拷锟斤拷锟斤拷图锟斤拷OneBank战锟皆斤拷锟斤拷锟斤拷锟斤拷锟叫癸拷锟斤拷锟侥撅拷锟介复锟斤拷锟斤拷锟筋发展锟斤拷锟斤拷锟斤拷为锟斤拷锟斤拷锟节诧拷应锟斤拷锟斤拷循锟斤拷统一锟侥匡拷锟斤拷锟斤拷系锟斤拷锟斤拷锟侥硷拷值锟斤拷锟节斤拷锟斤拷锟叫和革拷锟斤拷支锟斤拷锟斤拷锟侥癸拷锟斤拷锟斤拷系锟斤拷锟斤拷锟斤拷锟斤拷希锟斤拷锟揭徽斤拷锟街敝革拷泄锟斤拷锟斤拷锟斤拷锟较碉拷锟斤拷卮锟阶讹拷之一锟斤拷缺锟斤拷锟斤拷学锟斤拷业锟斤拷锟斤拷织锟斤拷式锟斤拷锟斤拷使锟斤拷锟叫对凤拷锟斤拷缺锟斤拷锟姐够锟侥匡拷锟斤拷权锟斤拷

锟斤拷锟斤拷实锟绞诧拷锟斤拷锟叫ｏ拷韦锟杰凤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷哦锟饺达拷獾斤拷思锟斤拷业姆锟斤拷裕锟斤拷锟斤拷锟斤拷锟斤拷约锟揭诧拷锟斤拷希锟斤拷锟斤拷湛锟绞硷拷锟绞憋拷颍锟斤拷锟斤拷锟斤拷谐锟斤拷锟斤拷锟较帮拷摺锟斤拷锟斤拷锟斤拷锟街伙拷遣锟较帮拷撸锟斤拷锟斤拷私锟斤拷锟斤拷锟斤拷锟斤拷士锟斤拷锟杰ｏ拷锟斤拷OneBank战锟皆筹拷台锟斤拷锟斤拷锟斤拷锟叫撅拷锟斤拷锟斤拷强锟揭碉拷锟狡ｏ拷锟筋发展锟杰讹拷锟叫低诧拷员锟斤拷锟斤拷锟斤拷锟斤拷知锟斤拷锟斤拷锟铰伙拷锟铰达拷锟斤拷鹿锟斤拷锟斤拷锟?/p>

锟斤拷锟斤拷投锟斤拷锟斤拷锟窖撅拷锟斤拷锟阶ｏ拷锟叫癸拷锟斤拷锟斤拷锟斤拷一锟斤拷要锟斤拷锟叫癸拷锟侥凤拷式锟斤拷锟斤拷锟斤拷锟秸刚得碉拷锟斤拷馨锟斤拷锟斤拷1000锟斤拷注锟绞碉拷锟斤拷锟斤拷100锟斤拷CEO锟脚癸拷锟阶革拷锟竭硷拷锟竭ｏ拷谈锟斤拷时锟斤拷锟斤拷馨锟斤拷锟睫匡拷锟矫的革拷锟斤拷锟斤拷锟街讹拷锟斤拷锟斤拷锟叫癸拷锟剿的斤拷锟斤拷锟斤拷锟筋，锟斤拷锟斤拷锟角碉拷锟斤拷锟斤拷锟斤拷冢锟斤拷锟轿拷锟斤拷泄锟斤拷锟斤拷锟斤拷鄣锟斤拷锟斤拷锟斤拷锟斤拷锟揭伙拷锟斤拷锟斤拷锟窖革拷锟斤拷锟斤拷趴锟饺ワ拷锟斤拷锟绞碉拷锟斤拷锟轿拷泄锟斤拷牡胤锟斤拷锟斤拷吒锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟绞憋拷停锟窖革拷锟斤拷炭锟斤拷锟斤拷锟斤拷锟斤拷堋锟斤拷锟斤拷眨锟斤拷锟杰帮拷锟斤拷锟窖★拷锟斤拷锟斤拷锟斤拷毓锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟铰斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷投锟斤拷锟斤拷锟斤拷娑拷锟斤拷匣锟揭伙拷锟絀gnition锟侥合伙拷锟剿讹拷锟揭匡拷锟斤拷John Zagula锟斤拷偌锟角ｏ拷锟斤拷泄锟斤拷锟斤拷锟斤拷锟酵讹拷示锟斤拷锟揭诧拷锟斤拷锟斤拷锟斤拷泄锟斤拷锟缴★拷

锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷时锟街拷锟?/p>

锟斤拷锟斤拷锟斤拷锟叫癸拷锟斤拷锟斤拷斩锟斤拷锟揭硷拷值锟斤拷锟斤拷锟斤拷投锟斤拷锟竭ｏ拷锟角伙拷平投锟绞的达拷锟斤拷锟斤拷锟斤拷锟斤拷强锟斤拷1997锟疥，锟斤拷平投锟斤拷锟斤拷锟斤拷锟脚科硷拷锟斤拷锟斤拷锟斤拷锟斤拷锟叫癸拷锟斤拷晒锟斤拷锟酵讹拷拾锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷泄锟斤拷锟揭伙拷锟斤拷锟剿癸拷锟斤拷锟斤拷锟叫碉拷锟斤拷锟斤拷锟斤拷罟撅拷锟斤拷锟斤拷诤艹锟绞憋拷锟斤拷诒锟斤拷锟轿拷锟斤拷泄锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷师锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟?04锟斤拷6锟铰号★拷锟斤拷锟脚的猴拷锟斤拷凇锟斤拷锟斤拷锟斤拷锟襟，伙拷平投锟绞的革拷锟斤拷锟斤拷锟斤拷痛锟斤拷锟轿拷锟斤拷锟斤拷锟斤拷锟斤拷锟侥匡拷锟揭诧拷锟揭碉拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷酃狻?/p>

锟杰达拷潭锟斤拷希锟斤拷锟角匡拷锟绞わ拷锟斤拷锟斤拷锟斤拷驴锟斤拷堑锟绞э拷洌拷锟斤拷锟角匡拷业锟绞憋拷锟斤拷锟缴拷锟?90锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷冢锟斤拷泄锟斤拷锟斤拷锟矫伙拷锟街耙碉拷锟斤拷锟斤拷耍锟斤拷锟斤拷叻锟斤拷锟斤拷缺锟斤拷锟斤拷锟斤拷锟皆ｏ拷锟斤拷锟节碉拷时锟斤拷锟叫控癸拷锟秸癸拷锟斤拷锟斤拷锟斤拷锟缴就ｏ拷锟角硷拷锟斤拷锟斤拷锟斤拷锟斤拷傻锟斤拷锟斤拷瘛５锟斤拷锟绞币恍╋拷锟揭碉拷撸锟斤拷锟斤拷锟斤拷诺锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷说锟斤拷锟街撅拷锟斤拷锟斤拷押锟斤拷锟斤拷懦锟斤拷锟斤拷锟斤拷然锟斤拷锟斤拷锟绞金饥匡拷锟节ｏ拷却锟竭憋拷锟斤拷锟矫的凤拷展锟秸间。锟斤拷锟斤拷强锟斤拷锟斤拷锟捷碉拷前锟斤拷投锟斤拷锟剿ｏ拷锟斤拷锟街碉拷恰锟斤拷锟斤拷时锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟结供锟斤拷司锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷要锟斤拷锟绞金，伙拷锟杰从癸拷锟斤拷锟斤拷哦印锟秸斤拷缘锟斤拷锟洁方锟斤拷锟结供锟斤拷锟介—锟斤拷锟斤拷锟脚的达拷始锟脚队碉拷一锟斤拷锟斤拷锟斤拷时锟斤拷锟斤拷锟斤拷锟斤拷知锟斤拷为锟斤拷锟斤拷业锟狡伙拷锟斤拷锟斤拷

同锟斤拷锟斤拷前锟斤拷投锟绞凤拷锟斤拷锟斤拷锟斤拷锟缴硷拷锟竭ｏ拷锟斤拷锟斤拷锟斤拷媒锟藉集锟斤拷IDG锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷泄锟斤拷锟轿拷时锟斤拷锟较凤拷锟斤拷锟斤拷锟饺拷锟斤拷锟斤拷露锟斤拷濉ｏ拷锟斤拷锟?05锟斤拷祝锟絀DG锟斤拷锟叫癸拷一锟斤拷投锟斤拷锟剿筹拷锟斤拷150锟斤拷锟斤拷目锟斤拷锟斤拷锟斤拷15锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷谢虮怀锟斤拷郏锟斤拷锟斤拷锟?锟揭癸拷司锟斤拷乇铡锟斤拷锟绞癸拷锟剿ｏ拷锟斤拷为锟劫度★拷携锟教等癸拷司锟斤拷锟斤拷锟斤拷投锟斤拷锟竭ｏ拷IDG锟斤拷一锟斤拷3锟节讹拷锟斤拷元锟侥伙拷锟斤拷锟斤拷诓锟斤拷锟斤拷锟斤拷食锟斤拷锟斤拷锟?%锟斤拷

锟斤拷锟斤拷平锟斤拷IDG锟侥成癸拷锟斤拷锟斤拷锟斤拷锟斤拷锟介：IDG锟斤拷锟斤拷为锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷惴猴拷锟斤拷郑锟斤拷锟绞憋拷锟斤拷锟斤拷锟斤拷一锟斤拷锟斤拷锟斤拷锟角帮拷锟斤拷锟饺拷锟斤拷锟斤拷锟酵讹拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟接帮拷锟斤拷锟斤拷锟斤拷锟斤拷锟揭碉拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷强锟斤拷锟斤拷同时锟斤拷锟斤拷锟斤拷锟街硷拷锟解：锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟铰癸拷锟斤拷投锟斤拷锟竭称ｏ拷锟斤拷锟剿硷拷为锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟节猴拷锟斤拷锟斤拷锟斤拷也锟斤拷锟洁当锟斤拷锟斤拷锟斤拷锟剿憋拷示锟斤拷锟斤拷强锟斤拷锟叫癸拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟较わ拷锟斤拷锟斤拷锟斤拷锟街癸拷锟斤拷锟?/p>

锟斤拷锟芥案锟斤拷锟角ｏ拷锟斤拷说锟斤拷强锟斤拷锟斤拷锟狡酵讹拷矢锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟皆革拷锟斤拷卟锟脚筹拷锟斤拷锟皆ｏ拷锟斤拷锟斤拷锟斤拷为锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷要锟斤拷锟斤拷钱锟揭就革拷锟斤拷锟角讹拷锟斤拷钱锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟剿伙拷为锟皆革拷锟斤拷募傻锟斤拷锟斤拷锟斤拷锟角匡拷牡锟斤拷狻ｏ拷锟斤拷锟揭伙拷锟斤拷潭锟斤拷锟接帮拷锟斤拷吮锟斤拷锟斤拷锟轿拷锟斤拷锟斤拷玫母锟斤拷锟斤拷锟斤拷锟轿达拷艹晒锟斤拷锟斤拷校锟街伙拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷瞬锟斤拷锟斤拷什锟斤拷锟斤拷锟斤拷锟角匡拷锟斤拷味锟斤拷碌锟斤拷锟斤拷趴萍锟斤拷锟斤拷牖革拷泻锟斤拷锟绞憋拷锟斤拷锟揭拷锟斤拷锟角匡拷锟斤拷锟斤拷顺锟斤拷锟斤拷锟?05锟斤拷祝锟斤拷锟斤拷丫锟斤拷顺锟斤拷锟斤拷哦锟斤拷禄幔拷锟斤拷峤拷锟斤拷锟斤拷锟斤拷诺墓锟狡憋拷鄢锟斤拷锟?/p>

锟斤拷去2锟斤拷洌拷碌锟斤拷锟酵凤拷锟斤拷锟斤拷锟皆成筹拷锟节碉拷投锟斤拷锟竭ｏ拷growth capital锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟酵讹拷驶锟斤拷锟斤拷锟斤拷锟斤拷锟揭拷锟斤拷锟窖凤拷展锟斤拷一锟斤拷锟斤拷模锟斤拷锟斤拷锟斤拷锟斤拷锟叫碉拷锟斤拷业锟斤拷投锟绞ｏ拷锟节癸拷司锟侥成筹拷锟斤拷锟斤拷泻锟斤拷寻锟斤拷莩锟斤拷氐慕锟缴拷锟斤拷锟斤拷锟斤拷诨锟矫回憋拷锟斤拷

锟斤拷锟斤拷锟斤拷锟斤拷锟节癸拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟侥讹拷盛锟斤拷锟酵讹拷剩锟斤拷锟斤拷锟斤拷16锟斤拷锟侥回憋拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷之锟斤拷盛锟斤拷始锟剿筹拷锟斤拷锟斤拷希锟斤拷锟斤拷锟届公司锟斤拷转锟酵ｏ拷锟斤拷锟斤拷锟斤拷锟斤拷锟较可★拷锟斤拷锟斤拷锟斤拷锟斤拷只占锟斤拷司20%锟侥股份ｏ拷锟斤拷锟斤拷锟斤拷锟斤拷拥锟斤拷60%锟斤拷锟斤拷锟斤拷权锟斤拷锟轿帮拷锟斤拷锟节达拷始锟斤拷锟斤拷锟叫ｏ拷锟斤拷锟斤拷锟斤拷锟斤拷只锟斤拷锟斤拷2005锟斤拷1锟铰把股份撅拷锟斤拷锟斤拷锟桔★拷锟斤拷时盛锟斤拷墓杉锟斤拷锟?锟斤拷锟斤拷锟较ｏ拷锟皆猴拷锟矫匡拷锟斤拷锟斤拷拢锟斤拷锟斤拷锟斤拷锟斤拷2006锟斤拷2锟铰号★拷锟斤拷锟斤拷锟睫★拷锟斤拷锟斤拷锟脚★拷锟斤拷锟斤拷

锟斤拷使锟斤拷耍锟斤拷锟斤拷椎牟锟斤拷锟斤拷锟绞斤拷锟轿达拷谋洹ｏ拷锟斤拷锟斤拷潜冉锟较诧拷锟斤拷锟酵讹拷锟斤拷锟斤拷3锟斤拷4千锟斤拷锟斤拷元锟斤拷锟斤拷目锟斤拷锟斤拷锟斤拷锟角碉拷锟绞斤拷锟侥ｏ拷锟斤拷锟斤拷一锟斤拷锟斤拷目投锟斤拷锟斤拷锟斤拷要投锟斤拷锟劫革拷锟斤拷锟斤拷锟斤拷锟届不睡锟斤拷也锟杰诧拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷6.4锟斤拷锟斤拷元锟斤拷锟斤拷锟阶称ｏ拷锟斤拷耍锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟叫э拷姆锟绞斤拷牵锟斤拷锟矫恳伙拷锟斤拷锟揭伙拷锟斤拷胤锟斤拷锟斤拷锟届，锟斤拷锟斤拷锟斤拷锟斤拷锟酵凤拷苑绫╋拷锟斤拷锟斤拷锟斤拷锟斤拷锟叫癸拷锟侥革拷锟斤拷业锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷欤匡拷锟斤拷腔锟斤拷锟斤拷锟斤拷锟揭碉拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟轿拷锟斤拷锟矫斤拷锟斤拷锟斤拷锟斤拷芸欤拷突锟斤拷锟揭伙拷锟斤拷锟较革拷募锟街碉拷锟斤拷姆锟斤拷锟斤拷锟饺伙拷锟斤拷芯片锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷荩锟斤拷锟矫斤拷锟斤拷品锟饺革拷锟斤拷锟斤拷锟节讹拷锟斤拷锟斤拷投锟脚ｏ拷锟剿达拷之锟斤拷锟斤拷锟叫в︼拷锟斤拷锟?/p>

锟斤拷锟斤拷锟斤拷锟斤拷一锟筋“锟斤拷品锟斤拷锟斤拷锟叫癸拷锟斤拷锟侥碉拷锟接癸拷锟斤公司锟斤拷锟斤拷锟斤拷剩锟斤拷驯锟斤拷锟斤拷锟斤拷锟剿癸拷锟斤拷CEO锟睫诧拷锟??斤拷锟斤拷锟窖讹拷锟斤拷锟斤拷锟节的诧拷锟斤拷锟斤拷锟斤拷为锟斤拷锟斤拷一锟斤拷盛锟斤拷锟剿★拷

锟斤拷同锟斤拷锟斤拷一锟斤拷锟劫斤拷锟斤拷锟斤拷锟节的癸拷司锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷2003锟斤拷撞锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟绞ｏ拷锟斤拷锟斤拷锟斤拷锟斤拷拥锟绞憋拷锟?斤拷锟斤拷锟斤拷冶锟轿?05锟斤拷椎锟?锟斤拷元锟斤拷锟斤拷锟斤拷全锟叫癸拷取锟矫斤拷锟斤拷70%锟侥碉拷锟接癸拷锟斤拷锟叫筹拷占锟斤拷锟绞★拷锟斤拷锟侥凤拷展思路锟角ｏ拷通锟斤拷锟斤拷锟斤拷锟斤拷业锟斤拷锟狡碉拷锟斤拷幕平锟绞憋拷喂锟斤拷时锟戒，锟狡匡拷锟斤拷锟桔诧拷品锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷为锟斤拷锟截的凤拷展潜锟斤拷锟斤拷锟节ｏ拷锟斤拷锟斤拷锟斤拷锟街碉拷锟接筹拷为锟斤拷锟斤拷锟斤拷锟斤拷锟节碉拷选锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷强锟斤拷锟斤拷锟酵撅拷锟斤拷频锟斤拷锟侥硷拷值锟斤拷锟斤拷远锟斤拷裕锟斤拷锟斤拷锟狡碉拷锟斤拷幕平锟绞憋拷胃锟斤拷锟斤拷锟绞碉拷旨锟街碉拷锟?/p>

锟斤拷锟节达拷锟斤拷锟叫断ｏ拷锟斤拷锟斤拷锟斤拷锟斤拷投锟斤拷锟竭讹拷锟较可★拷一位同锟斤拷直锟斤拷指锟斤拷锟斤拷锟斤拷锟斤拷锟侥猴拷锟侥撅拷锟斤拷锟斤拷锟斤拷实锟斤拷锟斤拷锟斤拷锟节★拷锟斤拷未锟斤拷锟斤拷锟斤拷锟斤拷牛锟叫★拷锟斤拷锟斤拷锟斤拷盛锟斤拷锟斤拷锟斤拷锟斤拷锟绞ｏ拷没锟斤拷锟斤拷锟斤拷确锟斤拷锟斤拷司锟斤拷锟节碉拷锟斤拷锟皆凤拷展锟斤拷锟斤拷只要未锟斤拷2锟斤拷锟斤拷锟绞憋拷锟叫筹拷锟斤拷锟斤拷锟斤拷锟睫变，锟斤拷锟斤拷锟杰伙拷貌锟斤拷锟侥回憋拷锟绞★拷锟斤拷锟斤拷锟斤拷锟角ｏ拷锟斤拷锟斤拷泄锟斤拷锟斤拷锟斤拷眨锟斤拷锟矫达拷欤?/p>

锟斤拷锟睫★拷锟斤拷锟斤拷锟斤拷锟角讹拷徒锟斤拷

投锟斤拷锟斤拷应锟诫被投锟斤拷业锟斤拷锟街猴拷锟街癸拷系锟斤拷锟斤拷锟斤拷一锟斤拷锟斤拷锟斤拷锟秸伙拷锟斤拷锟侥伙拷锟解。

锟斤拷锟斤拷每一锟斤拷投锟斤拷锟斤拷锟节回癸拷锟皆硷拷锟侥碉拷失时锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟侥感达拷锟斤拷锟斤拷锟斤拷锟侥猴拷锟斤拷目锟斤拷锟斤拷锟斤拷锟斤拷锟结供太锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷歉锌锟较抵拷模锟斤拷锟斤拷锟叫╋拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟矫ｏ拷锟斤拷要锟杰讹拷锟斤拷锟斤拷去锟斤拷锟斤拷摹锟斤拷锟絀DG锟节慧达拷锟斤拷锟斤拷锟斤拷锟斤拷锟侥匡拷希锟揭伙拷锟斤拷沙锟斤拷锟斤拷锟斤拷匣锟斤拷耍锟矫匡拷烁锟酵讹拷锟?3锟侥撅拷锟斤拷锟斤拷锟斤拷锟叫筹拷锟斤拷位锟斤拷锟斤拷锟斤拷执锟叫讹拷锟斤拷锟结供支锟街★拷锟斤拷锟矫伙拷谐锟斤拷锟斤拷目锟斤拷姆锟斤拷郑锟斤拷鄞锟斤拷芊锟斤拷锟斤拷锟斤拷胁锟斤拷锟斤拷锟街拷锟?/p>

锟斤拷也锟斤拷锟斤拷缺锟斤拷锟斤拷锟斤拷锟斤拷锟界华平锟斤拷锟斤拷锟脚的讹拷锟铰伙拷锟较伙拷锟斤拷权锟斤拷锟襟，撅拷锟斤拷锟斤拷锟斤拷锟脚癸拷锟斤拷锟斤拷选锟今，憋拷锟斤拷为锟剿费很讹拷锟斤拷锟斤拷锟斤拷要锟借碍锟斤拷

锟杰讹拷投锟斤拷锟斤拷愿锟皆★拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷投锟斤拷锟斤拷锟诫创业锟斤拷司锟侥癸拷系锟斤拷锟斤拷锟斤拷脾锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷要锟洁沟通锟斤拷锟斤拷锟绞碉拷锟剿拷锟斤拷锟接拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟轿达拷锟斤拷锟斤拷锟斤拷锟诫化锟斤拷锟斤拷投锟斤拷锟剿碉拷锟斤拷锟斤拷目锟侥ｏ拷始锟斤拷锟斤拷锟斤拷锟绞斤拷锟街碉拷锟斤拷时寻锟斤拷锟剿筹拷锟斤拷锟斤拷注锟斤拷锟斤拷锟斤拷锟叫的★拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟酵凤拷锟斤拷稀锟?/p>

锟叫达拷前锟结，锟斤拷业锟斤拷锟斤拷为应锟斤拷锟斤拷锟斤拷锟斤拷业锟侥筹拷锟节规划锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷投锟斤拷锟竭讹拷锟节碉拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟揭伙拷锟斤拷锟斤拷锟窖★拷瘢鸢副锟斤拷锟斤拷同锟斤拷业锟叫达拷业锟竭★拷投锟斤拷锟竭的憋拷锟皆讹拷锟斤拷然锟斤拷同锟斤拷锟斤拷时锟斤拷也锟斤拷一锟截硷拷锟斤拷锟截★拷

2000锟斤拷前锟斤拷也锟斤拷锟斤拷锟街癸拷一锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟侥讹拷锟斤拷投锟斤拷锟竭ｏ拷锟斤拷锟斤拷锟斤拷一锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷帧锟斤拷锟矫伙拷锟斤拷锟斤拷锟斤拷锟叫伙拷锟斤拷锟节很讹拷时锟斤拷锟斤拷锟斤拷锟叫★拷锟斤拷锟斤拷锟斤拷剩锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟酵讹拷锟斤拷锟斤拷锟斤拷斜锟阶拷锟斤拷8848锟斤拷投锟斤拷锟斤拷要锟斤拷锟斤拷锟酵ｏ拷锟阶拷锟揭碉拷锟斤拷锟斤拷摹锟斤拷锟斤拷锟斤拷锟叫╋拷锟剿撅拷锟斤拷业锟斤拷锟津并诧拷锟斤拷确锟斤拷锟节诧拷锟斤拷锟叫ｏ拷投锟斤拷锟斤拷锟诫经营锟竭的斤拷色锟窖撅拷锟斤拷锟斤拷锟斤拷锟斤拷营锟竭猴拷投锟斤拷锟斤拷每锟斤拷傻锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟脚拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟酵讹拷锟斤拷锟阶拷锟斤拷锟斤拷锟斤拷锟街★拷锟斤拷锟斤拷锟斤拷说锟斤拷

一些锟斤拷司锟津几猴拷锟斤拷锟斤拷锟叫撅拷锟斤拷锟斤拷投锟斤拷锟剿的达拷锟节★拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷占锟街达拷锟斤拷锟缴份的讹拷锟节ｏ拷锟斤拷锟斤拷实施战锟斤拷锟斤拷锟侥达拷转锟狡ｏ拷锟斤拷锟斤拷锟戒到锟脚伙拷锟斤拷锟接讹拷锟脚碉拷锟斤拷戏锟斤拷每一锟斤拷锟叫讹拷锟斤拷锟结定锟斤拷锟劫★拷锟斤拷锟较★拷锟斤拷锟斤拷锟斤拷锟斤拷嵌锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷愎伙拷锟斤拷锟斤拷锟斤拷权锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟绞碉拷帧锟斤拷锟斤拷锟斤拷锟劫度★拷3721锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷业锟斤拷锟斤拷墓锟剿撅拷锟斤拷锟绞雇讹拷锟斤拷诮铣锟斤拷锟斤拷锟斤拷锟斤拷锟揭碉拷锟秸蛊斤拷龋锟酵讹拷锟斤拷锟揭诧拷锟斤拷锟斤拷锟姐够锟斤拷锟斤拷去锟饺达拷锟斤拷锟斤拷实锟绞憋拷锟斤拷锟斤拷帧锟?/p>

锟斤拷锟斤拷懿锟斤拷锟斤拷锟斤拷锟斤拷锟轿拷锟斤拷锟斤拷锟斤拷峡锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟揭恢憋拷锟斤拷锟斤拷锟斤拷一些锟斤拷司锟斤拷锟叫达拷投锟斤拷锟斤拷之锟斤拷锟斤拷锟斤拷锟叫癸拷锟斤拷司锟斤拷锟斤拷锟斤拷峁癸拷锟斤拷玫锟斤拷锟斤拷锟斤拷母锟斤拷啤锟斤拷泄锟斤拷锟斤拷锟斤拷锟叫撅拷锟狡ｏ拷锟斤拷投锟绞斤拷支锟街的癸拷司锟斤拷锟斤拷锟斤拷峁癸拷锟斤拷院锟斤拷锟矫伙拷写锟酵吨э拷值锟斤拷锟揭碉拷锟斤拷锟斤拷夜锟剿撅拷谋锟斤拷锟斤拷锟斤拷锟揭诧拷锟斤拷锟揭恍╋拷锟?/p>

锟节憋拷锟斤拷锟斤拷锟斤拷十锟斤拷锟酵讹拷锟斤拷叩姆锟教革拷校锟斤拷玫锟斤拷锟揭伙拷锟斤拷锟绞讹拷牵锟斤拷锟轿斤拷锟斤拷锟斤拷锟斤拷畹碉拷锟接︼拷锟斤拷锟揭伙拷锟斤拷愎磺匡拷啤锟斤拷锟斤拷锟皆硷拷锟斤拷要什么锟斤拷锟矫硷拷锟绞裁达拷锟斤拷斓硷拷撸锟斤拷约锟揭伙拷锟斤拷锟斤拷锟皆斤拷纭拷锟斤拷枚苑锟斤拷锟斤拷锟揭裁达拷锟酵讹拷锟斤拷恕锟?/p>

锟斤拷实锟较ｏ拷锟斤拷锟斤拷双锟斤拷锟斤拷说锟斤拷锟解都锟接斤拷锟斤拷一锟斤拷锟斤拷锟诫化锟斤拷状态锟斤拷锟斤拷每锟斤拷投锟斤拷锟竭讹拷锟斤拷锟皆硷拷锟斤拷强锟揭的凤拷锟斤拷锟斤拷锟轿拷锟揭碉拷锟斤拷锟斤拷锟狡凤拷锟斤拷锟斤拷锟斤拷锟斤拷选锟皆拷锟阶吭斤拷锟斤拷锟斤拷懿贸锟斤拷锟斤拷锟剿伙拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷史锟斤拷锟斤拷锟斤拷锟斤拷锟酵讹拷史浅锟斤拷锟斤拷锟斤拷锟斤拷晒锟斤拷锟斤拷锟皆憋拷锟斤拷锟揭碉拷锟斤拷吖埽锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟矫达拷锟斤拷锟叫┣拷锟斤拷锟饺ワ拷锟酵讹拷史锟斤拷惚拷锟酵讹拷史锟斤拷习锟揭诧拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷谈锟斤拷锟斤拷锟斤拷锟节斤拷锟斤拷锟斤拷锟较伙拷锟斤拷锟斤拷锟斤拷锟斤拷全锟洁反锟斤拷锟斤拷锟斤拷锟斤拷一锟斤拷之锟节帮拷钱锟斤拷650锟斤拷锟斤拷锟斤拷之锟斤拷每锟轿硷拷锟揭ｏ拷只锟斤拷锟斤拷锟剿祄arketing锟斤拷marketing锟斤拷锟斤拷锟斤拷一锟缴诧拷锟杰★拷锟斤拷
锟斤拷锟斤拷锟斤拷为锟斤拷锟斤拷投锟绞凤拷锟斤拷锟斤拷太细锟斤拷锟斤拷锟斤拷锟接癸拷司锟斤拷锟斤拷杀锟斤拷锟酵币诧拷锟斤拷锟接帮拷斓斤拷锟剿撅拷锟斤拷叩锟叫э拷剩锟斤拷佣锟斤拷锟剿蚕拷锟斤拷锟斤拷谐锟斤拷洗锟绞э拷锟斤拷帷ｏ拷锟酵讹拷锟斤拷锟绞碉拷锟斤拷锟斤拷锟津，匡拷准锟剿ｏ拷投锟斤拷去锟斤拷锟斤拷要锟皆筹拷锟节碉拷锟剿讹拷员锟斤拷锟斤拷锟街革拷只锟斤拷拧锟斤拷锟斤拷锟斤拷锟斤拷鲁锟斤拷锟斤拷摺锟斤拷锟斤拷锟斤拷锟剿碉拷锟?/p>

投锟斤拷锟斤拷锟斤拷锟斤拷锟筋极锟剿碉拷锟斤拷锟斤拷莫锟斤拷锟斤拷锟斤拷锟剿★拷2001锟斤拷6锟铰ｏ拷锟斤拷始锟斤拷锟斤拷志锟斤拷锟斤拷锟斤拷锟铰伙拷锟街帮拷锟酵讹拷史锟斤拷锟斤拷锟斤拷沙锟斤拷锟斤拷懿锟矫╋拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟紺EO锟斤拷

锟斤拷锟斤拷时锟斤拷锟斤拷太锟矫ｏ拷实锟斤拷锟斤拷没锟剿匡拷锟斤拷锟斤拷锟斤拷锟轿伙拷锟斤拷锟斤拷锟斤拷锟斤拷锟皆瑿OO锟斤拷锟斤拷锟斤拷说锟斤拷锟斤拷锟斤拷2006锟斤拷锟斤拷锟斤拷锟紻CM投锟绞癸拷司锟斤拷锟斤拷莸锟斤拷没锟斤拷锟斤拷锟斤拷锟斤拷锟饺伙拷目锟斤拷锟斤拷锟斤拷叩墓锟较碉拷锟酵讹拷锟斤拷锟斤拷锟揭匡拷锟斤拷锟轿拷锟斤拷锟侥伙拷锟斤拷赚钱锟斤拷锟斤拷锟斤拷炔锟斤拷锟斤拷眩锟斤拷锟斤拷锟皆革拷锟斤拷锟斤拷锟饺ト拷锟斤拷锟斤拷锟揭伙拷锟斤拷约锟斤拷锟斤拷锟斤拷锟较わ拷墓锟剿撅拷锟斤拷锟揭拷叩锟斤拷锟斤拷锟斤拷鲁锟斤拷锟接拷锟揭伙拷锟斤拷锟斤拷锟酵讹拷锟斤拷锟斤拷锟街撅拷锟斤拷隆锟斤拷锟?/p>

锟斤拷锟斤拷投锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷莸模锟斤拷锟斤拷锟斤拷品锟斤拷诖锟矫斤拷锟酵讹拷锟斤拷锟斤拷锟斤拷锟斤拷莸慕锟缴拷锟斤拷锟斤拷锟揭碉拷沙锟斤拷锟揭伙拷锟斤拷锟侥ｏ拷锟斤拷锟斤拷硕锟斤拷锟轿拷锟斤拷锟斤拷锟斤拷恕锟斤拷锟酵拷锟斤拷时锟斤拷锟斤拷锟斤拷锟斤拷锟角匡拷裙锟斤拷锟斤拷锟斤拷锟斤拷烁锟斤拷锟斤拷缘锟剿硷拷锟斤拷锟斤拷纾拷锟轿伙拷锟斤拷锟矫斤拷澹拷锟斤拷诘锟斤拷锟绞憋拷锟斤拷锟斤拷锟斤拷锟斤拷知锟斤拷锟斤拷味锟斤拷郏锟斤拷鄹锟斤拷锟狡讹拷权锟节凤拷锟节硷拷锟戒竞锟斤拷锟斤拷锟街撅拷锟节达拷媒锟斤拷锟叫★拷锟斤拷2锟斤拷之锟襟，癸拷锟斤拷锟斤拷锟斤拷丫锟斤拷芄锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷效锟斤拷锟斤拷锟斤拷锟斤拷权转锟斤拷锟剿★拷锟斤拷时锟斤拷锟斤拷锟斤拷锟角匡拷始锟桔革拷战锟斤拷锟斤拷锟角斤拷锟斤拷锟斤拷业锟斤拷锟较ｏ拷锟斤拷锟斤拷锟斤拷锟矫伙拷蟹锟斤拷锟酵讹拷锟斤拷锟斤拷锟轿拷啥锟斤拷锟斤拷锟斤拷诤途锟斤拷诤芸锟斤拷锟轿拷嘶锟矫革拷锟斤拷锟斤拷谐锟斤拷荻锟斤拷展锟斤拷锟桔革拷战锟斤拷锟斤拷锟斤拷投锟斤拷锟竭碉拷协锟斤拷锟铰ｏ拷锟斤拷锟斤拷双锟斤拷锟较诧拷锟剿★拷

锟斤拷锟斤拷锟斤拷应

锟窖撅拷锟斤拷锟斤拷锟斤拷锟剿讹拷太锟斤拷锟角拷锟绞撅拷锟斤拷锟斤拷锟斤拷伞锟斤拷锟揭伙拷锟斤拷锟斤拷锟斤拷100锟斤拷锟斤拷元锟斤拷锟斤拷锟斤拷锟斤拷锟叫筹拷锟斤拷说锟角非筹拷危锟秸的★拷锟斤拷Pantheon Capital (Asia) Limited.锟斤拷锟斤拷锟揭革拷锟杰诧拷说锟斤拷锟斤拷为LP锟斤拷Pantheon锟斤拷锟斤拷锟睫诧拷锟斤拷锟斤拷40锟斤拷锟街伙拷锟斤拷

锟斤拷锟侥凤拷锟斤拷锟斤拷然锟角ｏ拷锟斤拷钱锟斤拷压锟斤拷锟斤拷锟斤拷投锟斤拷锟竭和憋拷投锟斤拷锟竭讹拷锟斤拷锟斤拷锟疥。锟截憋拷锟斤拷锟斤拷陆锟斤拷锟斤拷锟斤拷锟狡凤拷疲锟斤拷锟斤拷锟斤拷锟?斤拷浣拷式鸹ǖ锟斤拷锟斤拷取锟矫回憋拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷曰锟斤拷锟斤拷一锟斤拷锟斤拷锟绞★拷锟斤拷锟斤拷锟街撅拷锟斤拷压锟斤拷锟斤拷锟狡必达拷锟斤拷锟桔革拷暮锟教э拷锟?/p>

锟斤拷锟桔革拷锟斤拷锟剿拷薪锟斤拷锟斤拷锟侥拷锟接帮拷锟斤拷锟斤拷锟竭碉拷锟斤拷态锟斤拷锟斤拷锟斤拷锟斤拷锟节匡拷锟斤拷一锟斤拷锟斤拷锟界公司锟侥成癸拷锟斤拷锟斤拷锟斤拷80%锟侥成癸拷锟斤拷锟斤拷锟斤拷态锟杰好的★拷锟斤拷IDG锟较伙拷锟斤拷锟筋建锟斤拷说锟斤拷锟斤拷锟斤拷锟角帮拷锟斤拷锟斤拷锟皆达拷锟斤拷锟斤拷选锟斤拷目锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟剿讹拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷应锟斤拷

2005锟疥，锟斤拷锟斤拷锟斤拷7锟斤拷8锟斤拷欧锟斤拷私锟剿癸拷权投锟绞癸拷司锟斤拷锟斤拷锟叫癸拷锟斤拷锟斤拷锟斤拷锟节匡拷锟阶癸拷锟斤拷5锟斤拷目锟斤拷锟斤拷锟紺FO锟绞斤拷平锟斤拷獭锟斤拷锟斤拷锟斤拷锟斤拷堑锟斤拷锟揭拷锟斤拷锟斤拷牵锟斤拷锟斤拷锟斤拷锟斤拷锟绞憋拷透锟揭伙拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷私锟剿癸拷权投锟斤拷锟斤拷锟斤拷锟?斤拷同锟铰ｏ拷锟斤拷锟斤拷为锟斤拷锟斤拷锟斤拷锟节伙拷锟斤拷锟斤拷泄锟斤拷锟斤拷锟侥匡拷锟斤拷锟斤拷锟剿筹拷锟斤拷失业锟斤拷

锟斤拷锟节讹拷锟斤拷锟节ｏ拷锟斤拷些锟斤拷锟斤拷锟斤拷锟斤拷止投锟绞凤拷锟斤拷锟斤拷锟斤拷全锟斤拷锟斤拷锟窖撅拷锟斤拷锟斤拷锟斤拷锟叫筹拷锟斤拷锟节诧拷锟斤拷锟斤拷锟斤拷锟节杠杆碉拷锟斤拷锟斤拷拢锟斤拷锟斤拷锟叫癸拷锟侥成硷拷锟斤拷锟斤拷锟斤拷牛锟缴份ｏ拷锟斤拷锟斤拷4锟疥保锟斤拷100%锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟酵拷锌锟斤拷锟斤拷锟斤拷锟斤拷婕ｏ拷锟?/p>

锟斤拷锟借，锟斤拷锟斤拷泄锟斤拷锟斤拷锟绞癸拷酶芨锟斤拷展锟斤拷锟絣everage buyout锟斤拷锟斤拷锟斤拷锟斤拷锟秸癸拷锟叫ｏ拷投锟斤拷锟斤拷锟斤拷锟斤拷锟叫达拷锟筋，锟斤拷锟斤拷锟斤拷锟绞斤拷锟斤拷锟秸癸拷锟斤拷锟斤拷锟解将锟斤拷时锟教硷拷一锟斤拷投锟斤拷锟竭碉拷锟今经★拷

锟斤拷一锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷应锟角ｏ拷锟斤拷锟揭伙拷锟斤拷牟锟斤拷旎拷锟斤拷锟斤拷纬伞锟斤拷锟絀DG之锟斤拷锟斤拷选锟斤拷锟斤拷Accel锟斤拷锟斤拷锟斤拷一锟斤拷锟杰撅拷说锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟角ｏ拷锟斤拷锟角诧拷愿锟劫达拷锟绞拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟侥匡拷锟?br /> 锟斤拷锟斤拷锟角诧拷愿锟斤拷去锟斤拷锟斤拷锟斤拷獠斤拷小锟斤拷锟斤拷锟斤拷锟斤拷锟酵讹拷锟斤拷锟斤拷薰锟剿撅拷锟斤拷鲁锟斤拷锟斤拷涌说锟斤拷为锟剿回憋拷直锟斤拷木锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷墓锟侥ｏ拷锟叫★拷幕锟斤拷锟斤拷选锟斤拷锟斤拷投锟绞★拷锟斤拷锟斤拷锟绞斤拷锟叫碉拷锟斤拷锟斤拷锟斤拷目锟斤拷锟斤拷帽锟斤拷锟酵拷锟斤拷锟酵讹拷矢锟斤拷叩墓锟饺拷锟斤拷锟斤拷锟斤拷锟教度诧拷锟诫到锟斤拷司锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷一锟饺ｏ拷锟斤拷锟接匡拷幕锟斤拷锟斤拷页锟轿拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷姆锟剿匡拷锟斤拷姆锟教钢憋拷锟斤拷洹?/p>

锟斤拷锟揭ｏ拷锟叫癸拷锟斤拷投锟斤拷锟叫筹拷锟斤拷也锟斤拷锟节筹拷锟斤拷锟剿★拷锟斤拷使投锟斤拷锟剿★拷锟斤拷锟斤拷锟斤拷IDG锟斤拷投锟绞合伙拷锟斤拷锟杰猴拷一锟斤拷没锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟结长锟节帮拷锟斤拷投锟斤拷锟竭的斤拷色锟斤拷锟斤拷锟斤拷锟斤拷锟皆硷拷锟斤拷锟节癸拷锟斤拷锟侥讹拷位也锟角★拷锟斤拷锟斤拷一锟斤拷锟斤拷同锟侥达拷业锟竭★拷锟斤拷

锟斤拷锟节讹拷锟皆ｏ拷锟叫癸拷锟斤拷锟斤拷锟斤拷锟斤拷投锟斤拷应锟矫憋拷锟斤拷1锟斤拷6锟侥挂癸拷锟斤拷锟斤拷锟揭ｏ拷锟斤拷锟节讹拷锟皆ｏ拷锟叫癸拷投锟斤拷业锟截斤拷锟斤拷锟角帮拷幕锟秸斤拷锟斤拷妫拷锟酵讹拷式锥胃锟斤拷锟斤拷纬杉锟斤拷锟酵讹拷锟狡凤拷啤锟斤拷锟街伙拷锟绞憋拷锟斤拷锟斤拷猓拷锟剿拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷狻?/p>

锟斤拷锟斤拷锟斤拷锟斤拷锟竭筹拷锟斤拷锟矫★拷锟叫撅拷锟斤拷锟斤拷锟斤拷锟洁、锟矫慧凤拷锟皆憋拷锟斤拷锟斤拷锟叫癸拷锟阶ｏ拷