Burgeoning Internet industry benefits int'l investors

Chinanews, Beijing, July 23 – China has 162 million Internet users. The fast expansion of Internet industry not only has created a lucrative market for domestic Internet companies, international investors have also made large gains from the burgeoning Chinese Internet industry, the China Business News reported.
However, according to Ma Yun, president of china.alibaba.com, China “still does not have any real Internet companies so far. ”In his view, a real Internet company should have at least 200 million Internet users and its scale can rival large global Internet companies such as Google, Yahoo, eBay or Amazon, whose existence can bring unprecedented changes to the public’s traditional way of life and working mode.
Despite this, many small Chinese Internet companies still woo large international investors.
Industrial news shows that alibaba.com is planning to go public in the Hong Kong Stock Exchange, in an attempt to raise as much as one billion US dollars in the stock market. Other Internet companies are also planning to list at overseas market. Companies like Kingsoft, 9you.com, ztgame, and ourgame.com intend to raise 100 million US dollars at securities market.
The soaring number of Internet users in China has laid a solid foundation for some domestic Internet companies to develop into large cyber giants, some industrial experts say. Of all those listed Internet companies in securities market, the market value of tencent.com has already exceeded 7 billion US dollars, while the market value of Baidu has also reached around 6 billion US dollars. For tencent, the company’s turnover this year will reach 500 million US dollars, fairly close to the business performance of US Internet companies.
In a recent report released by Citigroup, the world’s financial service company predicts that in two years, the number of Chinese netizens will surpass that of the United States and Chinese Internet market will grow to become the second largest market in the world, only next to the United States. The report suggests that investors should pay attention to this information.
In China, the fast expansion of Internet industry has produced some millionaires like Ding Lei and Chen Tianqiao. At the same time, Chinese Internet industry will continue to grow rapidly as the industry attracts more and more international investors