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


China’s Tianya.cn To Expand Overseas Markets After Google Purchase

Chinese Internet community website Tianya.cn has announced that it completed a buy-back of a stake previous held by Google, which invested in Tianya.cn 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 Tianya.cn. No financial details about the deal yet has been disclosed.

Xing Ming, chairman and chief executive officer of Tianya.cn, said that at present about 20% traffic of Tianya.cn 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.

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

Share this news:

Be the first to comment on "China’s Tianya.cn To Expand Overseas Markets After Google Purchase"

Leave a comment

Your email address will not be published.


*




  Other China News

ChinaTechNews.com:

Nokia Phone Returns To China Via Exclusive JD.com Sales Channel

Artificial Intelligence Experts Join Sinovation Ventures

Apple's Struggles Drop Foxconn's Revenue 2.81% In 2016

Artificial Intelligence Guru Finds Search Engine Baidu


GreenChinaTech:

Chinese Electric Bus Manufacturer Lands USA Deal

American Electric Car Manufacturer To Build In China

U.S. Clean Water Company Makes Chinese Inroads

GE Will Promote Wind Power Through New Chinese Education Center


ChinaSourcingNews.com:

JD To Build Global Logistics Headquarters In Xi'an

Wumart, AGS Sign Agreement For Seafood Direct Procurement

India Gains Second Factory From China's Xiaomi

85% of Indian Staff To Lose Jobs At China's LeEco