internet - The expanding blogosphere

The number of weblogs is not only expanding in terms of numbers, but also business-wise expansion is in the pipeline. Have been missing here much of the economic stories, but others have done a nice job.
Blogcn is expecting USD 10 million of private investment, while bokee.com is playing with the idea of going public. Blogcn is losing its position as a market leader, so competition will lead to a better situation for the (according to my estimation) now 4.5 million bloggers in China.