Posts Tagged ‘social networking service’

China’s 360 To Open Hosting Source Code

Chinese Internet security solutions provider 360 has published a commitment for user privacy protection and announced at the same time that it will submit its source code to China Information Technology Security Evaluation Center for hosting and testing.
Qi Xiangdong, president for 360, said that problems like online recruitment website’s illegally resale of the resumes of […]

Oak Pacific Opens In China

The Chinese Web 2.0 company Oak Pacific Interactive has announced the opening of its social networking site to developers.

Alibaba To Invest CNY300 Million In Yahoo Koubei

Chinese e-commerce giant Alibaba has announced plans to invest CNY300 million in the newly merged Yahoo (YAHOO) Koubei Company in 2009 to develop the lifestyle services business of the company.

South Korea’s Largest SNS Website To Withdraw From Taiwanese Market

Proving perhaps that Internet communities are local, and foreign interlopers have difficulty breaking into new markets, South Korea’s largest social networking website Cyworld has announced its decision to withdraw from the Taiwanese market.

China’s To Open Payment System To Third Parties

China’s leading social networking services website has announced plans to open its Internet payment system application program interface, making it the first SNS website that has opened its payment system to third parties. Will Launch Online Game Platform

The Chinese social networking services website is planning to launch a game platform in the coming days and it will also be the first time for the website to tap the game industry since it gained a huge investment from China’s leading online game company Giant Interactive Group.

China Unicom Enters SNS Sector

Chinese telecom operator China Unicom (CHU) has opened a social networking services website called, targeting at the young users of its Up-Power brand. Establishes Cooperative Partnership With and announced that the two websites has established a strategic partnership and will jointly set up a butted platform. Gains USD5 Million Investment From NLVC

According to statements to local media by Wu Jiong, an investment partner of Northern Light Venture Capital, the company will invest USD4 million to USD5 million to the Chinese social networking services website, Will Shift To SNS Sector

An investor of says that with the approval of its board of directors,, the former Chinese video website, will shift to social networking services.