After a slow start, we are now seeing increasingly rapid development of Internet businesses in China. The pace of development has really been quickening as more and more of the population gain access to the Internet. The development of online enterprise in China, while borrowing heavily from the more developed markets, is showing strong signs of being innovative. In the meantime, in order to reach its full potential, there are many Internet-related issues still needing to be confronted, not least of which is the regulatory regime. Controversial action by the Chinese government in respect of Internet companies such as Google, Yahoo! and Microsoft continues to loom as problematic. This report looks at various aspects of the emerging new Internet economy in China.
