China's Burgeoning Internet Industry - Update from Mary Meeker
From BusinessWeek: Update from Mary Meeker
"These days, Meeker is spending a lot of her time studying China's burgeoning Internet industry. "If you look at the China Internet market, you have five companies that have $1 billion market caps," she told me. "There was a time when Yahoo, Excite, Infoseek, and Lycos all had $1 billion market caps. Two years from now, there won't be five companies with $1 billion market caps. Someone will break away. The companies are in a real battle right now." I asked which ones she's handicapping, but she demurred. Once bitten, twice shy."