Another digital gold rush
Internet companies are booming again. Does that mean it is time to buy or to sell?
May 12th 2011 | BEIJING AND SAN FRANCISCO | from the print edition
PIER 38 is a vast, hangar-like structure, perched on San Francisco’s waterfront. Once a place where Chinese immigrants landed with picks and shovels, ready to build railways during California’s Gold Rush, the pier is now home to a host of entrepreneurs with smartphones and computers engaged in a race for internet riches. From their open-plan offices, the young people running start-ups with fashionably odd names such as NoiseToys, Adility and Trazzler can gaze at the fancy yachts moored nearby when they aren’t furiously tapping out lines of code.
38号坞棚（PIER 38）是坐落在旧金山滨海的一幢巨大棚库状结构的建筑。在加利福尼亚淘金潮时期，这里曾是准备修建铁路的中国移入民带着铁锹铁铲的登陆地，而这些坞棚如今则是一群带着智能电话和电脑埋头于互联网财富竞赛的实业家们的老巢，这些年轻人运营着有着像NoiseToys， Adility 和Trazzler这样名字新潮而古怪的新兴企业，在他们激情四溢的打出一行行的代码之外的时间里，可以凝望到（眺望）停泊在附近的豪华游艇。