Introducing WangYou Media. It’s basically a Chinese YouTube. The CEO just sent us a highlights clip for the Vloggies tonight (by the way, I hear a famous Hollywood director will be there). Lots of fun stuff. Too bad we can’t get translations of the site and a fast mirror over here. You can certainly see why Google and YouTube are gonna have a tough time going up against sites that are developed locally inside China. The Chinese search engine Baidu is giving Google a run for its money inside China and on CNBC the other day the CEO of Baidu said they are looking to expand outside of China.
Long term this is going to be a fun competition to watch. What’s at stake? A market of billions of people and if either of these brands can break out of the Chinese markets — even more.