Last night I was tipped off by a follow Sunny from the Chinese tech blog Tech2IPO on Renren’s forthcoming new interface, “Renren 6.0″. If you have been following my posts, you would realize by now I don’t have place much stock in Renren’s user experience, the result of its current user interface. But after this recommendation from a friend, I checked out the new version. My first reaction is that this is what they should have done years ago.
Internet giant Tencent (0700.HK) has invested ‘at least’ 100 million in the failing SNS Kaixin001 (开心网), according to Chinese media reports. This is perhaps an ideal partial exit for Kaixin001′s team, with the site’s traffic falling precipitously since its meteoric heights in 2009.
No deal is officially signed yet, though both companies have came to a rough agreement: Tencent will be a strategic investor providing financial and technical support. Kaixin001 will remain independent, a standalone operation with its own management holding a majority of voting power.
The truth internet companies are terribly secretive about some of the key figures of their social sites that included the number of total registered users and the most crucial one, monthly active users. When figures are released they tended to be out of proportion or simply down right false. Then how do we know if these sites are active or not, especially compared to their competitors? Well, one important aspect of socializing online is sharing contents to your friends and I have compiled data from China’s top social button provider Jiathis.com from the last six months to show the trend of activeness of the top 5 social sites: QZone, Tencent Weibo, Sina Weibo, Renren and Kaixin001.
Douban (豆瓣), China’s homegrown social network, is rumored to have closed a third round of financing for $50 million.
Since posting our inside look at this disruptive SNS, we’ve found four independent sources with secondhand reports of a “3rd, monster round.” That’d be a strong rumor campaign to manufacture, although not unheard of in the Chinese internet industry.
There’s a lazy stereotype that all Chinese social networks follow the Copy2China (C2C) model. Douban, however, was and still is surprisingly original since launch in 2005. It’s a deep social network that has attracted some of the top Chinese intellectuals, geeks, and urban hipsters to organize and exchange thoughts on social issues in [...]
CNNIC (China Internet Information Network Center – 中国互联网信息中心) is the official Chinese state agency in charge of registering and managing internet domains (.CN) and traffic. Every six months the research department of CNNIC publish a set of reports updating on the latest growth on China’s internet, it is considered the most detailed source of data but also the least credible. Still nevertheless CNNIC’s semi-annual internet research report does provide an overview of China’s internet trends and insights to it’s future.
Sina Weibo started off copying Twitter as a microblog, but has since charted its own course. Sina’s intention is clearly to develop Weibo into a social network.
Today’s beta release of Sina Weibo version 4.0, is another step in the direction of a social network. I’m one of a limited number of early testers.
China Entrepreneurs is organizing a summer tech series of two events at the St. Regis Hotel in Beijing this summer:
The SNS Boom in China – August 24th
The Groupon Model in China – September 7th
Renren was enlisted 4th May 2011 on the New York Stock Exchange, their were the first social network (SNS) to be publicly enlisted, not mention to many of the U.S investors Renren is a foreign company operating a SNS in a country that even their mighty Facebook has failed. A month later as appreciation to the people who supported Renren through it’s years of hardships, a IPO Celebration Party was hosted in Shanghai, of which I was honored by an invitation.
“We are going to be the Facebook of China.”
I heard this in a single day from three different Sina Weibo employees. They are hell-bent on becoming the Facebook of China, which means total dominance.
Does this make any sense? Can a microblog become a dominant fully fledged SNS?
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