Facebook attempts $85 million jump into Chinese social networking
By Triston McIntyre
Facebook is offering $85 million to the huge Chinese social networking site Zhanzuo.com. Why? Probably because Zhanzuo.com is home to over 7 million Chinese user accounts, and would be a huge stepping stone into global social networking.
According to the Times, Facebook has offered $85 million in attempt to get a rather large foothold on the international social networking market. The deal is on the board, but hasn’t been accepted; Mark Zuckerberg and Jack Zhang are acquainted, but that is no indicator that the deal will be accepted.
The problem, for both Facebook and the Chinese social networkers, is that Facebook is all about choice. China, right now at least, is all about establishing lines that will be hard for the free-thinking U.S-based social networking site to comply with while still keeping the image of Facebook.
Facebook is coming into a fairly untapped Chinese market that MySpace has dipped its feet in back in April; Facebook’s popularity could propel it to success in China if it were to be adopted, however the logistics of working towards Chinese internet compliance might be too much to handle.
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November 19th, 2007
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
April 8th, 2008
they will have to take into account
360Quan.com2nd Largest Social Network, and the fastest growing website in the history of online China.