Chinese Internet industry moves to regulate itself

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BEIJING--China's Internet industry is struggling to regulate the market at an early stage. Eight leading Chinese Internet Content Providers (ICPs) clinched an agreement in Beijing April 9 to form the China ICP United Development High Profile Conference, China Daily reports. They are: Sohu, Sina, Chinabyte, Netease, China Wide Web, Goyoyo, Shanghai Online and Information High-way Tech.

Although competing aggressively with each other for China's 2.1 million Internet users, the eight ICPs said they hope the organization will help pave the way for a healthy competitive arena and set up business rules accepted by all.

The conference agreed local companies need a regulated domestic market which ensures Chinese companies are able to expand quickly and have enough strength to compete with their foreign counterparts, who have shown a great deal of interest in entering the market. The organization said it is committed to take united action to promote Internet-related training and education.

Copyright April 1999, Crain Communications Inc.

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