Foreign dotcoms covet Chinese counterparts – Asia Pulse/XIC
From Asia Pulse/XIC, via Asia Times:
Foreign dotcoms are increasing their efforts to acquire leading Chinese Internet companies – a trend that will continue over the next few years, according to the latest findings by US-based financial consulting firm Morgan Stanley.
“They [dotcoms] are pretty active and this trend will slow down somewhat next year but will pick up again in following years,” said Mary Meeker, global Internet analyst of Morgan Stanley. Meeker, together with Richard Weidong-Ji, who is a vice-president of the company, covering China’s Internet and media sector, are co-authors of this year’s China Internet report.