That was a really good article Put another way: Sure the Chinese can learn a thing or two about original Web ideas from the Valley, but the Web 2.0 generation can learn a lot about monetization from China. and it goes to explain with an example with a Chinese version of match.com
That's true. The virtual good actually made Tencent, the largest IM provider became the most profitable company in China. And few months ago, one of my friends still argued that online-casual game has no market in U.S. because "the market was dominated by game console". The first widely-adapted webgame invented in China (www.mop.com), the company behind renren.com(largest facebook.com copycat in China). Those randomn…
mop.com was the most popular personal website in 2003-2005 then it was aquired by Oak Pacific Interactive. Then mop goes down fail ever since. Oak Pacific Interactive also aquired XiaoNei from WangXing. WangXing operates FanFou, a twitter copycat.