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Pencil This In: November 9-13
Adding to the list of Chinese social networking service providers like Xiaonei and Tencent, kaixin001.com (开心网) has confirmed to have secured USD4-5million in venture capital today from Northern Light Venture Capital headed by Feng Deng, one of the top 10 Chinese venture capitalists in 2007. Launched in April this year, the SNS that is still a private beta already boasts over 20 million active users. Rick Martin (@pandapassport) reports on CNET that the Chinese Facebook clone includes features such as a photo uploading, blogging & micro-blogging platform, music sharing and 1GB online storage space.
Tangos Chan of cwrblog.net comments that the popularity of Kaixin001 is attributed to the Parking Wars and Friends for Sale games hosted on the platform.
add to stumble upon
add to reddit
post to facebook
All my friends on Kaixinwang are addicted to the instant poll application. Create a poll, your friends answer it, it shows up on their friends' news feed, their friends answer it... and it snowballs from there. It's like the old e-mails where you answer 20 questions about yourself and forward it to all of your friends.
It's got nothing worthwhile on Facebook, though. Only the fact that it's local and willing to submit to Chinese law, haha. (Hi Yahoo!)