Valleywag
The Sincerest Form Of Flattery
Posts Tagged “
xiaonei
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The Sincerest Form Of Flattery
social networks
Chinese Facebook clone Xiaonei raises more funding than Facebook
Masayoshi Son is the kingmaker of the Asian Internet. His latest coronation: Xiaonei, a Chinese social network whose name translates to "on campus" and whose look and feel closely mirrors Facebook's. Son's Softbank and other investors have put $430 million into Xiaonei's parent, Oak Pacific Interactive, in a deal which values OPI at more than $1 billion. This has to worry executives at Facebook, which has raised less money — albeit while selling far less of the company to investors than Xiaonei has. More »
facebook
In Brief
- Chinese Facebook-ripoff Xiaonei.com was purchased yesterday. The college social networking site clone, which blatantly lifted its look and feel from Facebook, was acquired by Oak Pacific Interactive. We wonder why a company would want to purchase a knock-off of a more reputable brand. We can imagine in the not-to-distant future aging Venture Capitalists busing into Canada to purchase generic social networking sites at a mere fraction of the cost of name-brand US ventures.
- Microsoft's Defender is now out of beta, Redmond touts its ability to "protect your computer against pop-ups, slow performance, and security threats caused by spyware and other unwanted software." So does it install a copy of MacOS X and Firefox? Sorry that was too easy.
