Imagine the following scenario: The American congress passes a bill that makes it practically impossible for American Internet companies to operate and compete in the Chinese market, in attempt to prevent censorship and spread freedom. The new law puts a serious dent in American companies' ability to operate and compete in the Chinese market. In addition, the few publicly listed Chinese media companies that are not government-owned are also damaged, since most of them went public in the US and must comply with American laws. In the meantime, the Chinese people affirm their belief that America is out to harm them and hinder the development of their economy.
February 2006 Archives
Representatives from technology giants Google, Yahoo!, Microsoft, and Cisco Systems faced questioning at congressional hearings in Washington earlier this week.
US lawmakers are increasingly concerned with the way in which companies from the Land of the Free cooperate with governments that don’t share the American way. To be specific, Cisco’s part in setting up the Great Firewall of China and moves by Internet companies Google, Yahoo!, and MSN to censor content from search engines and blogs in China are under scrutiny.
Last week saw the launch of Jajah.com, a new service that is set to revolutionize the way people use the Internet to make phone calls. The VoIP industry has been heating up for a good while, climaxing with eBay’s purchase of Skype at the end of 2005. Skype’s software enables people to make PC to PC calls for free, and make PC to mobile/landline calls for competitive rates.
eBay paid billions of dollars to gain access to Skype’s technology and user base ( more than 250 million downloads to date). However, this is only the beginning. eBay makes money from facilitating trade. eBay users pay commission for sales they make through the site, sales leads, and for promoting their services on the web site. In the (near) future, a buyer could call a seller directly from eBay’s web site, using Skype’s technology. Imagine the increase in transactions this may bring.