You may recall Google shouting in the media about being hacked and then leaving mainland China for Hong Kong after they stopped censoring content as they had agreed when they first went to China.
Well, although the Chinese have a saying that “Internet multinationals all fail in China, Google was just the last one to go,” China has more people on-line than the population of the US. The temptation is big. Four hundred million people surfing the Internet is a magnet for Internet businesses.
Sarah Lacy at Tech Crunch writes that China is the only country outside the US that’s given birth to several billion-dollar Internet companies and there’s a lot of growth left. With a market like this in China, US companies are quietly slipping back in to try again.
The first time around, Yahoo was the only US company to survive, and they did it by buying a 40% share of Alibaba in 2005. Now there are whispers that Alibaba might buy Yahoo.
Remember Who’s Hacking Whom?
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Lloyd Lofthouse is the author of the award winning novels My Splendid Concubine and Our Hart. He also Blogs at The Soulful Veteran and Crazy Normal.
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