The second-largest American community website, Facebook.com, is
now looking to purchase a Chinese site in order to break into the
Chinese market.
After buying into a Chinese website, Facebook will authorize the
site to use its technologies and offer brand support. An inside
source said recently that Facebook gave Zhanzuo.com, a Chinese
community website, a buying offer priced originally at US$85
million, then rumored to have risen to US$100 million. Zhanzuo has
turned down the offer.
China has the world's second largest cyber population with
25-year-old or younger cyber citizens accounting for over 50
percent of the total. This has attracted many international
investors eyeing Chinese Internet business.?
For more details, please read the full story in Chinese. (http://www.morningpost.com.cn/article.asp?articleid=134748)
(China.org.cn November 5, 2007)
