Results tagged “sns”

In October last year we reported that Oak Pacific (the owners of Xiaonei.com), in a bid to capture more Chinese online social networkers, registered the domain name kaixin.com to compete with kaixin001.com, the fastest growing social network in China for young white collar Chinese wasting time at work. TechWeb.com.cn reported today (h/t @ganglu) that kaixin001 finally got around to suing Oak Pacific and the case has been accepted by the courts for using the 开心网 (kai xin wang) name. Looks like not-so-happy times may be ahead for Oak Pacific.

In the not-quite-so-distant future in a universe not so far away, a war has begun. Well actually, it's not surprising that in a country renowned for reverse engineering and manufacturing knock-off handbags that a war has begun for the hearts and clicks of netizens throughout China.

• Last week Baidu announced after two years of searching the appointment of Li Yinan as the new Chief Technology Officer for China's leading search engine. Just when everything began to fall into place and we were getting ready for a season Googlesque innovation, rumours began to fly that William I. Chang, Baidu's Chief Scientific Officer was planning to resign because he didn't like his new job scope. Not sure though how much of a rumour it is when they have already named his successor.
• To make CEO Robin Li's life even more stressful, Baidu's next big push will be into the e-commerce arena with the launch of youa.com may be thwarted by Alibaba Group's announcement that it will invest another RMB5 billion into its own online Taobao.com to strengthen its 57% market share. Of course Alibaba claims that this had nothing to do with fending off Baidu and we of course believe them.
• In its own corporate reshuffle, Alibaba has for the first time in its five year history appointed a COO. Zhang Yong, former CFO was promoted to fill the void left by Huang Ruo, the former VP and B2C business director who resigned at the end of September.

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.