For every reasonably famous (as against "successful") online services business model in the US, there is a copycat being created - and venture capital funded - in China. I'm however not sure what the exit model for VC backers of these copycat ventures are going to be. Do the investors expect the "originals" from the US to come and acquire these companies? Not likely, going by Google's recent sale of its entire in its Chinese competitor (and search market leader) Baidu.com for $63 million. From the Reuters report (emphasis mine): "We have disposed of our modest investment in Baidu," Google spokeswoman Debbie Frost confirmed. " It has always been our goal to grow our own successful business in China and we are very focused on that ," she said in an e-mailed statement. ...Google, which acquired its stake in Baidu in June 2004 for $5 million, was once considered a potential acquirer of Baidu. At the time of the August 2005 IPO, Google'