China Tech Goes Global.mp3
This week on For Immediate Release #553 I share news that Tencent, Taobao, and other Chinese companies are expanding beyond the PRC. BRIC economies and SE Asia appear to be the target markets. Analysts seem hip top the idea because these firms have a lot of money to spend. But, as we have seen from Cyworld (case) and MySpace, (case) going overseas is a far different proposition that having home-field advantage and fighting off foreign contenders.Lots of money helps, but if only going overseas were only so easy. It will be fun to see how these new forays pan out.