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Web2.0 market in China will Reach RMB165 Million in 2006, says report
By AMY CHEUNG
Published: July 24, 2006 12:00 AM
China's Web2.0 market, including Blog, SNS, P2P Streaming, Category Information, Personal Portal, WiKi services, etc., will reach RMB165 million in 2006 and will reach RMB2.1 billion by the end of 2008, said a report released by Analysys International.   According to“China Web2.0 Market Annual Report 2006”, current Web2.0 service providers mainly depend on limited revenues from advertising and mobile value-added services. The traffic-based advertising model lacks value innovation. The profit model of Web2.0 requires innovation.   The report forecasts by the end of 2008, the market will grow explosively, with market size reaching RMB 2.144 billion. In 2006, the market will reach RMB165 milliom.   Analysys International says Internet SPs should track and study users' consumption experience, and try to introduce new products and services constantly. To new comers, the key to obtain investments is to become leaders or potential leaders in a segmented field, and have mature management team and effective market development strategy.
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