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One Click Forward, Two Back

Caixin has a pessimistic assessment of China’s Internet industry, which it says is in a “state of chaos”: In the coming three to five years, three trends will determine the direction of innovation on the...

‘China’s Facebook,’ Renren, Files for IPO

China’s largest social networking site, Renren, is the latest Chinese IT company to go public on the U.S. stock market, CNN reports: Renren said in its filing that it is the leading social networking site as measured by...

Chinese Internet Firms Face Harsh Road Ahead

From Economic Observer Online: Funding from venture capital firms has dried up in the wake of the global credit crunch, affecting Chinese internet-based startups, which depended heavily on foreign funding. Fund managers and...

Online Video Firms Under Bankruptcy Risks

From China Daily: Chinese venture-backed online video firms, which were on the edge of making profits, are now under risks of bankruptcy with the spreading US financial crisis, said a report in Monday’s Economic Observer...

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