China VCs double web 2.0 investment - vnunet.com

News Type: Event — Seeded on Tue Aug 14, 2007 1:04 PM EDT

Venture capitalists invested more than $200m in growing internet and information services firms in China during the second quarter of this year, a newly-released report has found.
A wave of web 2.0 start-ups were among the stars of a new boom in Chinese technology investment by venture capital companies, according to research carried out by international services firm Ernst & Young.

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Matthew Brennan's Column, All of Newsvine
Groups: Worldviews
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6.0

{"commentId":946298,"authorDomain":"globalized"}

Matthew Brennan

I can't wait until Google Translator works so well that language becomes a non-issue to interaction.

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2 votes

#1 - Tue Aug 14, 2007 1:05 PM EDT

{"commentId":946402,"authorDomain":"raatkiraani"}

Raat ki Raani

I seeded an article recently on an IDC study on Web 2.0 growth in Asia. It concluded that India, China and Korea represented huge growth markets. Here's a copy of the extract:

In terms of users, IDC estimates that a third of all Internet users in 2007 are Web 2.0 users in India, 83% for the same in Korea, and 70% in PRC - indicating that Internet users are quickly going beyond emailing, chatting, and Web surfing.

{"commentId":946402,"threadId":"137692","contentId":"896239","authorDomain":"raatkiraani"}

2 votes

#1.1 - Tue Aug 14, 2007 1:32 PM EDT

{"commentId":946438,"authorDomain":"globalized"}

Matthew Brennan

It seems that these Asian cultures are better suited for 2.0 because they still maintain strong family based community or at least a clear memory of village life. Interaction and most importantly transparency, seems to come easier to them. I can't wait to hear the thoughts of their young philosophers! How do the wise men of India view the world? China? Korea?

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2 votes

#1.2 - Tue Aug 14, 2007 1:45 PM EDT

{"commentId":946496,"authorDomain":"raatkiraani"}

Raat ki Raani

I think it is also to do with demographics and a much bigger (in percentage terms as well as sheer numbers) of young, educated and street-savvy population when it comes to their worldview. They are able to tap into emerging trends far more quickly as a result.

{"commentId":946496,"threadId":"137692","contentId":"896239","authorDomain":"raatkiraani"}

2 votes

#1.3 - Tue Aug 14, 2007 2:01 PM EDT

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MATTHEW BRENNAN

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China VCs double web 2.0 investment - vnunet.com

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