The Open Web Asia ’08 Conference was held in Seoul recently, it is the first pan-Asia tech event to bring together startups, investors and industry players in Asia and western countries. Check out these videos of the panel (thanks Masaru IKEDA from Asiajin)

China’s Internet consumption hit 398.8 billion yuan (53.89 billion U.S. dollars) last year and is expected to reach 581.5 billion yuan in 2008, up 45.8 percent, according to a survey released recently. The ‘Netguide 2008‘ survey, which provides a wrap-up of China’s2007 cyber world, polled more than 300 web sites and about 200 enterprises, with 50,786 interviewees around the country [...]

China’s online advertising market is likely to exceed ten billion yuan (1.3 billion U.S. dollars) this year, a research report said. The figure represents a 114.6 percent increase from the 4.66 billion yuan of last year. In October, the nation’s online advertising revenues hit 870 million yuan, lifting the market size to 7.5 billion yuan in the first ten months, according to the report from Nielsen, a leading global information and media company. The growth rate of China’s online advertising, one of the most successful business models for Internet firms, was higher than that of broadcasting advertising and magazine advertising…