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Chinese FaceBook Xiaonei Gets Acquired
posted by MR WAVETHEORY at 10/25/2006 10:47:00 AM
Oak Pacific Interactive acquired Xiaonei, a Chinese Facebook clone. The price was not disclosed by judging from the words coming out of Oak Pacific Interactive, it was in the single millions. According to Shanghai Youth Daily, Chinese campus social networking site Xiaonei.com and will integrate the site with its own campus community site 5Q.com, reports Shanghai Youth Daily. Xiaonei was founded in December 2005 and has over 300,000 users to date. Xiaonei's website is almost an exact copy of US campus networking site Facebook. Xiaonei founder Wang Xing will join Oak Pacific Interactive.There are differing views on the exact number of users that Xiaonei actually has. Red Herring
says: Xiaonei has 1 million users. Judging from the Alexa traffic data, the number of active daily users is probably closer to 300,000 users. The site appears to have grown steadily since January. You can see from the Alexa graph that there was a spike in users due to the recent acquisition by Oak in late October. However, what is noticeably missing is the surge in users that you would expect from back to school in the September time frame.