China and India, Internet centres

China is yet again trying to woo global internet lovers to invest in more techonology, as it launches its very own version of You Tube, claimed to be better and innovative than the former, called Youku.com. The company, Youku.com Inc which came up with this virtual product, predict the world is shifting and foreign companies will invest in China's innovation. According to a technology consultant, Duncan Clark, chairman of BDA China in Beijing, : "The Internet’s center of gravity is shifting toward China. China has almost double the number of U.S. Internet subscribers. That concentration matters.”

China with its strict censorship rules, has kept away gaints like Google, Skype,Msn and Yahoo, giving chinese local companies the opportunity to come up with their own products like QQ.

Now India is not far behind, with its own Ibibo.com and many more such sites catering to Indian internet users. There are many companies in India who are also developing applications like Android and Iphone for Foreign companies, which is a plus point when the US is still struggling with recession blues. China and India are where Japan was some years back, a bloom in technology. Way to go !!!