The document discusses the rise of social media and other web 2.0 technologies in Asia, providing examples from China, Japan, and South Korea. It examines social networking sites like QQ, Mixi, and Cyworld and their business models. Success stories highlighted include OhmyNews, an influential citizen journalism site in Korea, and Train Man, a popular story from Japan about a shy man helped by strangers on a train. Barriers to further innovation discussed include infrastructure, talent, and access to capital.