Verne Kopytoff: Net industry eyes China

From the San Francisco Chronicle:

China’s burgeoning Internet industry is increasingly being challenged by U.S. competitors including Yahoo, Google and eBay. This emphasis on China, part of a broad trend by U.S. technology companies, will be a major topic of discussion at the annual Hua Yan Science & Technology conference today in Santa Clara…

At the same time, China holds an array of risks for U.S. companies. Its legal system is in constant flux, Enronesque accounting scandals are frequent, and some industries may due for a shakeout because of growing competition.

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