From The Times:
Google recently seemed to suggest that it was willing to wait several millennia for its Chinese business to take off. As it plays its very long game, despite losing heavily to the local players and having to face down shareholder protests on human rights issues only last week, it, like other Western internet companies, is sticking to Beijing’s rules.
It is easy to explain why, but harder to believe that the explanation will last the long term. China’s attractions are plain. It already has about as many internet users as the US, the world’s largest online market. Yet, so far, the dragon is barely blowing smoke rings when it comes to e-commerce. [Full Text]
