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Thursday, August 18, 2005

The Chinese Internet bubble

Back in 2000, everybody, and I mean everybody, jumped onto the investment wagon in the US, trying to get hold onto one of those internet companies, that went public. The dream of Internet riches pervaded through the world - until it crashed.

Did it really crash? Every now and than, there is this outburst of enthusiasm for a new company that goes gang-ho. Google and its rise on Nasdaq is the best example. Actually, the bubble might have shifted - to China.

The Internet growth in China is phenomenal, and Yahoo's recent investment into Alibaba is just another indicator of the current state - and please don't forget earlier investments that took place. Who would be next in such investment rush? Will it be Google? Or Microsoft? Or someone totally different?

(By Asia Business Consulting)