China's Domestic VCs Dormant but Not Dead
Filed in archive Venture Capital by james on May 24, 2006

The Economist's Global Technology Forum has not yet joined the ranks as boosters of the commercial podcast business model for China. Their views are far more restrained. "Collecting fees from individual users for space or use of software is out of the question for now, because the niche is so competitive," claims a recently published report.
While there are many popular Chinese bloggers and podcasters, some entrepreneurs like Blogku founder, Edwyn Chanbelieves that there is a future for the bundling successful blogs and even selling audio and video blogs to China's huge mobile-service providers. The blog industry still has its cheerleaders and some media observers have suggested that the number of bloggers might reach 50 million by the end of the year. No doubt this speculative blue sky projection
is based largely on those Chinese crafting rudimentary home pages on Netease and MySpace. For more details on Chinese podcasting developments check out ChinaWeb2.0 Review. Jack Gu has identified some key trends from his website, Podlook.The good news is that according to the latest survey conducted by the Hong Kong based, China Venture Capital Research Institute, that domestic venture capital institutions are gradually becoming more internationalized and professional.
Perhaps this rampant VC competition and the influx of more foreign funds might translate for more available risk funding for home- grown companies like Seehaha.
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