Facebook goes after Chinese Social Network Zhanzuo.com - locks in future growth

Posted by Marshall on November 18, 2007 | Link It

According to TechCrunch - Facebook Offers $85 Million To Acquire Chinese Social Networking Site Zhanzuo.com, which makes sense as the Chinese economy is growing so fast (all the people I know who have been to China over the last two  years have said this).

"…Facebook is said to have offered $85 million to acquire Zhanzuo.com, a Chinese social networking site with seven million users."

"..The acquisition would give Facebook a base from which it can tap into the growth in what will soon be the worlds largest online marketplace by user numbers."

But is Facebook really interested in Zhanzuo.com social network from a technology standpoint or just for the users? 

 

 

Filed in Social Networks
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These are the current comments for "Facebook goes after Chinese Social Network Zhanzuo.com - locks in future growth"

smith
11/19/07 @ 7:57 am

The social networking application marketplace was comparatively small in 2006, coming in at $46.8 million. By 2009, however, this market will grow to $428.3 million creating a new application segment and establishing social networking as a new communications instrument used for many purposes other than consumer socializing.

Source: http://www.ceoworld.biz/?p=363



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