China is a huge market for Internet companies — thelargest in the world, as a matter of fact. Combine this with the fact that a lot of Western companies are blocked in the country, and you have a thriving market where local Internet companies dominate. An interestingTechNodereport shows how Chinese video sites fare against one of America’s biggest video providers –Hulu, the popular online subscription video streaming service.The interesting results: although Chinese companies dominate in terms of unique monthly visitors, the revenue they are getting is nowhere near Hulu’s, which earns $240m despite only 30 million unique monthly active users....

Several firms in the United States lost more than US $11 million in online scams where banking credentials were stolen and used in fraudulent wire transfers to companies in China. According to theFBI, the criminals managed to compromise the computers of people who could initiate funds transfers using phishing e-mails designed to trick the recipients into revealing online banking credentials or into visiting a Web site hosting malware that steals the information from the computer....

Just a few weeks after the US Trade Representative identified Baidu as one of the mostnotoriousmarkets for pirated content, the Chinese search engine yet again faces criticism on how it manages copyrighted material. Dozens of popular Chinese writers have accused search engine giant Baidu of infringing their copyright and branded it a “thief”. The biggest search company of China, Baidu, which holds 75% of the local search market, is under deep water as more than 40 writers have signed a letter claiming Baidu provided their works for free to download on its online libraryBaidu Wenku, without their permission....

As Japan slowly recovers from the worst earthquake and tsunami in recent history, the rest of the world may feel the aftershock as chip shortages and price spikes are likely to occur due to the massive disruption to the global supply chain. Damages to the electronic production facilities may be relatively negligible but the Japanese companies are currently facing problems shipping components, receiving raw materials and getting workers to their facilities....

We’re pretty big design geeks around here at TNW. Heck, we even have afull channeldedicated to design and development. So when we see interesting ways to design great products, it really tickles our fancy.Chirplyis a site that does just that, and also caters to the true writing geek in us. Chirply takes crowdsourced design, and then creates stationery products (like wrapping paper, cards and more) from it that you can buy for yourself or others....