Clone Wars And Emerging Markets
From Wall Street to Main Street, exposure to emerging markets have become part of the critical growth story that Western companies need to justify their future earnings. From the earliest days of eBay and Google, to more recent acquisitions by Groupon and Zynga, cash rich technology companies have followed the trend of buying up their counterparts in other markets. So, for local entrepreneurs copying can be a lucrative sport. But will this current phase of "cloning" of Western web concepts continue or will we enter a new phase of homegrown development and innovation?
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