Why YouTube Is MIA in China
By any reckoning, China should be an important new territory for YouTube. The country is the world's second-largest Internet market, after the U.S., it's rapidly beefing up its broadband infrastructure, and it's home to millions of Net-savvy youths who love posting videos online. The Backdorm Boys, a Chinese-student singing duo, was one of the first breakout hits from online video, with their lip-synching clips recorded in their dormitory room winning fans worldwide. Moreover, YouTube owner Google (GOOG) is making a big push in the mainland, poaching top Microsoft (MSFT) executive Kai-Fu Lee two years ago to spearhead the search engine's drive into China. In October, YouTube made its first moves in Greater China, launching Chinese versions in Hong Kong and Taiwan in October.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Smartphones Are Killing Americans, But Nobody’s Counting
- Why a Pub in the Middle of Nowhere Was Named the World’s Best Restaurant
- Gulf Coast Oil Spill May Be Largest Since 2010 BP Disaster
- Marc Faber Asked to Leave Sprott Board After Racist Report
- Airbus Snaps Up Bombardier Jet in New Challenge to Boeing