Charles Zhang, according to the Hong Kong paper, has been inspired by the privatization plan of Focus Media, a Nasdaq-listed firm.

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"Options are at a very reasonable price right now, " says Charles Zhang, managing partner of investment advisory firm Zhang Financial in Kalamazoo, Mich.

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"There just isn't the money out there anymore, " says Charles Zhang, ceo of the Chinese portal Sohu.com, which narrowly cashed in on the NASDAQ IPO frenzy in July, just before the mood turned sour.

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More than 40 entrepreneurs including the likes of Ding Lei and Charles Zhang have made the Forbes China Rich List for nine years in a row. (See related story here.) Why do they have such staying power?

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When Charles Zhang, the founder of Chinese portal Sohu, bought ChinaRen in 2000, Xu stayed on for a few more years until 2005 when he rejoined Chen at Oak Pacific Interactive and worked on the social networking site Chen acquired in 2006, Xiaonei, later renamed Renren.

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