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A篓裹羞茹hasgo燕neby.=ht2007，settinganumberofrecords.Superficially，thisisanothercrazywealthfeastfollowingthelistingofKingsoftandGiant，butinfactasymboliceventinrespectoftheIntemetinChinain2007.AfterentertainmentwavessuchasSPandgames.it’Seventuallye—commerce’Sturntocometotheforeofstage，signalingthattheInternetinChinabeganarationalregressionfromthemere“EyeballEconomy”t0down—to—earthbusinessdoing.TheInternetisonlyat001.whicheventuallyneedstobeconnectedtotraditionalindustrieswithreal，constantdemands.Inthepast，Internet—basedenterprisestriedtOcapitalizeontheInternetforcreatinganewindustry，butnOWmoreandmoreInternetentrepreneursbeginusingmatureandactivetraditionalindustriesasasupportandgraftingtheInternetandnewbusinessmodesontothesecuretraditionalindustries.Internet—basedenterprisestookdowntheirveilofhightechnologyatlast.begantofollowatrackoftransformingfromastartoacitasanyeveremergingindustryliketextile，machineryandPCdid，andtowalktowardsatraditionalindustrystepbystep，finallymakingtheInternetreallyuseful.6《互联网周H》2007.12.20What’Scorrespondingtothisistherationalregressionofventurecapitalinvestment.AccordingtOdata，thenumberofTMTinvestmentcasesandtheamountofinvestmentsaccountfor43％and30％oftheventurecapitalmarketinChinainthe3rdquarterof2007，respectively，whichare65％and66％inthe1stquarterthisyear，revealingashiftinfocusofventurecapitalinvestmentfromhi—techindustriestotraditionalones.NetworkshavealreadybeguntOregresstowardsitsownnature.comingbacktoatechnicalplatformofferingmoreadditionalapplications，insteadofameremediumandaconceptcontainingnosubstantialcontents.NotonlyhaveInternet—basedenterprisesseepedintotraditionalindustries.butInternettoursoftraditionalindustrieshaveseenastrikingeffectthisyear.Itcanbeimaginedthatinfuturetraditionalfields，allaspectsrangingfrommarketingmeanstoconceptswillbecomemoreandmoreInternet—based.Numerousnewneedswillbederivedfromsuchchange，eventuallycreatingarealneweconomy，whileadvanceandprogressintechnologiesandapproachesintheInternetindustrywillbecomeapowerfulcatalystforsuchchange..’，≯十WWWciweeklycom