Happy birthday, OpenSocial! Welcome to Xiaonei
OpenSocial, the standards platform that makes it easier to write applications across social networks, is celebrating its one-year birthday in San Francisco today. As part of the festivities, OpenSocial made several announcements, most significantly launching on Chinese social networking site Xiaonei, and releasing some impressive statistics.
Getting onto Xiaonei is pretty significant for making inroads into the Chinese market — with 30 million registered users, it’s the largest social networking site in China, and has built… Continue Reading
Roundup: YouTube revenue, clean energy governance, and much more
Report: YouTube still trying to figure out how to make money — Lots of people have been wondering if the online video site has somehow figured out how to make big money from its huge amounts of web traffic. The answer, according to a Wall Street Journal article (sub required) is, as we’ve been hearing: Nothing mind-blowing is happening yet. Two sources say YouTube will make around $200 million this year, which is short of Google’s… Continue Reading
Xiaonei, the Facebook of China, raises $430M — better funded than Facebook
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Xiaonei, the company that likes to call itself the “Facebook of China” has raised a whopping $430 million from financial backers, VentureBeat has learned from the company’s investors.
The backing gives it a larger financial warchest than Facebook itself, and sets the scene for a showdown with the American company. Facebook has just started to get serious about entering the huge, fast-growing Chinese market.
The backing of Xiaonei could be a statement that the company… Continue Reading