China Is Going To Be Huge
More data to support the VC rush into China. Market analysts Panlogic predicts that net users in China will exceed the 137 million US users of the net by 2008. The report notes the usage will be different as fewer Chinese consumers and businesses can afford PCs – so usage tends to be higher at night and in Internet cafes. Also, few Chinese use credit cards, so eCommerce will not take off as quickly as elsewhere.
Read – Chinese ‘to overtake US net use’ (BBC News)