Cloud Computing, Internet Datacenters and Big Data Business Intelligence from China

China’s To Expand Overseas Markets After Google Purchase

Chinese Internet community website has announced that it completed a buy-back of a stake previous held by Google, which invested in in 2007, and the company now plans to start expanding into the overseas markets by opening offices in Singapore and the U.S. in the first half of 2011.

Before the stake buy-back, Google reportedly owned less than 10% stake in No financial details about the deal yet has been disclosed.

Xing Ming, chairman and chief executive officer of, said that at present about 20% traffic of is from overseas visitors. The company plans to open new offices in Singapore and the U.S., so as to expand into Southeast Asia and North America. has kept a low profile of its financial operation. Since its founding, the company merely gained about CNY10 million by financing, and its investors are reportedly Legend Capital and Zero2IPO Ventures.

Google and once jointly launched two products on However, after Google left the Chinese mainland market, it stopped technical support to the two products. The products are currently operated by independently.

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