Do China's Internet Companies Have a Shot at Dethroning the Likes of Google or Yahoo?

From adotas:

"“There isn’t any question that Internet use is already huge in China, largely because the country itself is so populous,” offered Ezra Palmer, Managing Editor of eMarketer. “We estimate that there are more than 23 million broadband households in China—making it the second largest broadband market in the world, behind only the U.S. (...)"

"Palmer isn’t hedging his bets on where China’s market is headed. “It will soon be the largest Internet market in the world, at least as measured by users,” he offers confidently. "

"Isn’t it possible—and increasingly likely—that China could come to take the reigns of the internet marketplace? Does a Baidu or an Alibaba in the making, some entity we haven’t even yet heard of, have a shot at dethroning the likes of Google or Yahoo as masters of the internet universe all the way from the Eastern hemisphere?"

"Palmer, who was willing to address the matter as well, also sees only bigger and better things in the China market, even if that means the U.S. has to hand over the blue ribbon. “International borders are no longer the barrier that they once were,” Palmer said, “so there’s no reason to think that a successful online company in China wouldn’t look to crack the U.S. as well.” And from a global business perspective, that might be just fine."