Wednesday, April 20, 2011
Silicon Dragon: What's Left To Clone In China
Just how many clone opportunities are left in China, now that the Chinese marketplace has copies of YouTube, Amazon, Facebook, Google, LinkedIn, eBay and yes, even Wikipedia (see my photo of founder Haidong Pan).
The latest cloning craze is localized versions of GroupOn. Consider that Lashou.com, a competitor to GroupOn in China, just raised the large sum of $110 million from venture investors.
Some white spaces do still exist for new categories, narrow niches or new local twists on the same ole thing. What’s surprising is how well some look-alikes have done in China despite getting a late start. What helps, of course, is that the big American Internet brands have crashed in China.
Take Ushi.cn as one example, China’s most popular business social networking brand.
Read the rest of the post here at Forbes.com: