Web 2.0, Bubble, Winter, Demise?

Zhang Chaoyang, chairman of the board of Sohu, believed that what Web 2.0 lacked was a large flow of traffic from portal sites. Once these portal sites enter this market, they will squeeze the survival space. Not only that, but also many Internet company executives, including Ding Lei, CEO of NetEase, and Pony Ma, CEO of Tencent, believe so. Ding Lei believed that the three major portals could copy the "stuff" of Web 2.0 at any time.