The Great Firewall of China has been a jackpot for many Chinese internet companies, shielding them from fierce outside competition. Weibo, Renren, Baidu, and several video websites in China function as virtual replacements for blocked sites like Twitter, Facebook, Google and YouTube. Thanks to their protection by the government, these websites have reaped phenomenal profits. Tencent is the largest comprehensive company and includes calling, chatting, and gaming, and recently reported that third-quarter revenue of $2.6 billion, up 34% over last year.
When Will China’s Internet Transition Come?
It’s inevitable. But it may not be pretty.
December 03, 2013
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HBR Learning
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Accelerate your career with Harvard ManageMentor®. HBR Learning’s online leadership training helps you hone your skills with courses like Global Collaboration. Earn badges to share on LinkedIn and your resume. Access more than 40 courses trusted by Fortune 500 companies.
Learn how to overcome barriers when working globally.