Saturday, August 06, 2005
Media_where's China's own idea?
China's Internet users has now reached 100 million. When the world is cheerful on the huge number, China's Internet business idea is still leaded by others, say, Eachnet after Ebay, bokee after blogger(the concept of blo), now, Baidu after Google. The search engine in China created another miracle listed in Nasdaq.
CNN reported: Baidu.com shares surged about 195 percent, to about $78, from their initial public offering price of $27 per American depositary share, nearly tripled.
All those good Interent business model seems applied to China. I call it good "localization". China is the world's largest manufacturing factory, which is also a good example of "localization", too. But the advantage is only based on cheap labor. If it disappears, the money flowing in will disappear in a few seconds, too.
The latest edition of businessweek told Americans that they should be more and more creative and innovative to maintain the advantage, after China and India becoming the world's factories. But could China keep the advantage forever with the growing property and labor prices, I wonder? How long should China's economy, including Internet economy, grow fast following others' ideas?