The Change Mariner

US Bancorp: China To Become Largest Internet Market

Forbes.com:

US Bancorp Piper Jaffray analyst Safa Rashtchy initiated coverage of three Chinese Internet portals on Wednesday, saying is expected to become the largest Internet market over the next 10 years.

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"We believe the Chinese Internet market has three distinct characteristics: it's in a very early stage--even with about 60 million users it is the second-largest market in the world; direct user monetization beyond advertising has already begun, and the potential size of this market exceeds any other country," Rastchy said. He said US Bancorp expects 180 million users by 2007, but gave no projection for the number of users over the next 10 years.