Google buys stake in Chinese online community Tianya.cn
With recent reports about Google’s interest in investing more on China’s online market, it’s not surprising to hear about the web search giant acquiring a stake in Chinese social community web site Tianya.cn.
Reuters reported that a Google spokeswoman confirmed this in an email, without further disclosing details. Web analysts, meanwhile, can only speculate on how big the investment is, ranging from 10% to 60%.
With China being the second largest internet market today next to US, Google is certainly making its way to expand its services in China. Now, a stake investment. Up next, more acquisitions. Perhaps it’s pretty obvious to say that when Google aims to dominate, it usually succeeds.
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[...] Google buys stake in Chinese online community Tianya.cn [...]
By Google search blog goes live in China | 901am on August 20, 2007 11:14 pm
[...] aggressively eager to set foot in the door while the rest is quick to follow. Recently, Google has invested in a Chinese social community, Tianya.cn, and its live search in China is now up and [...]
By Chinese children prefer online over outdoors | 901am on September 4, 2007 1:57 am