Along with the hype of cloud computing, free online storage also grabbed people’s attention as the likes of Dropbox (turned down Apple’s olive branch) and Box.net (reportedly planning an IPO) gained popularity among users. The past few years witnessed more and more new entries into the market with mixed results on both sides of the Atlantic.

Besieged by Giants

The phenomenal prevalence also brought Chinese Internet conglomerates’ attention to the field. Companies like Baidu, Huawei, Tencent, Qihoo 360 and so forth also set both eyes and feet onto the market, which makes life even harder for existing startups engaged in the same business and leaves them in a situation of losing users and business and desperately finding a way out.

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Kang Zhou

Kang is a Tech writer, Event planner and Chairman of Beijing 3 Day Startup.