Bill Bishop points to an interview on Chinese blog hosting business Blogchina. He notes:
Very impressive usage stats, still no visibility on a revenue model,
and unclear how they are going to compete with the portals long-term.
Both Blogchina and Blogcn are raising money, but they are rumored to be
having a slow go of it given business model, valuation and regulatory
concerns. The first two issues are universal, the regulatory one is
more China-specific. These guys are effectively trying to start
grassroots news services in a very news-controlled country. A very
admirable effort, but a very risky one.
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