VentureBeat - Latest Comments in Xiaonei, the Facebook of China, raises $430M — better funded than Facebook

Re: Xiaonei, the Facebook of China, raises $430M — better funded than Facebook

James Garvey — Mon, 21 Dec 2009 02:00:03 -0000

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Re: Xiaonei, the Facebook of China, raises $430M — better funded than Facebook

James Garvey — Mon, 21 Dec 2009 02:00:03 -0000

This is very useful for me,
thank you very much,
I think you will be successful！

Re: Xiaonei, the Facebook of China, raises $430M — better funded than Facebook

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Re: Xiaonei, the Facebook of China, raises $430M — better funded than Facebook

Yannick Cornet — Tue, 28 Jul 2009 10:58:25 -0000

With Facebook now blocked since this month, doesn't this make it a little too easy for Xiaonei? Can't this issue be brought in front of WTO?

Re: Xiaonei, the Facebook of China, raises $430M — better funded than Facebook

Ben Right — Thu, 04 Sep 2008 21:18:53 -0000

How much money does it actually cost to simply build a site like Facebook or Myspace?

I understand the major costs are in marketing, but what about the site construction itself?

Re: Xiaonei, the Facebook of China, raises $430M — better funded than Facebook

Ragtube.com — Fri, 29 Aug 2008 13:26:33 -0000

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Re: Xiaonei, the Facebook of China, raises $430M — better funded than Facebook

jimmy dragon — Thu, 17 Jul 2008 20:10:27 -0000

1. Unlike American students, do Chinese students have access to unlimited credit cards to spend on social networks?

2. Given the size of China population and social network audience, does a $1 billion valuation value each user/subscriber at $1 per user versus $50 per user at Facebook. What is the fair valuation based upon per user?___$10 dollars, $20 dollars___??

3. There is a profitable Chinese social network company with 40 million users at $20 million net income. Is this company's valuation based upon PE ratio of 20x $20 million or $40 million, or $2 billion based upon Facebook per user valuation?

Re: Xiaonei, the Facebook of China, raises $430M — better funded than Facebook

xiaonei — Thu, 29 May 2008 08:46:49 -0000

Nice round

Re: Xiaonei, the Facebook of China, raises $430M — better funded than Facebook

auto insurance calculator — Wed, 28 May 2008 19:56:13 -0000

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Re: Xiaonei, the Facebook of China, raises $430M — better funded than Facebook

lucy — Thu, 15 May 2008 07:56:24 -0000

amazing news

Re: Xiaonei, the Facebook of China, raises $430M — better funded than Facebook

SC — Wed, 07 May 2008 07:27:41 -0000

It is purely a capital game--XiaoNei has a fatal flaw in its positioning. First, open API has big issue with Government (which imposes strong control for content). Second, unlike the western world, Chinese are very sensitive of where they came from. Only top university grads are proud to let others know their alma mater. Most top school grads understand English and use FaceBook anyways. The only viable revenue model for XiaoNei could be turning itself into a multi-user online game operator. They would most likely becoming another online gaming company (like SNDA), instead of pursuing the SNS path like FaceBook. It does have a stronghold in College market, for they have been paying up students to practically control most dormitories in China. However, their attempt to grow beyond the College market or step into the younger generations had not shown any progress at all--one of the most likely reason could be its FaceBook-like user interface.

Disclaimer: I am currently involved in one of the China SNS website, so I have been studying this category extensively. It also means that I could be very biased. ;)

Re: Xiaonei, the Facebook of China, raises $430M — better funded than Facebook

Facebook Quiz — Sun, 04 May 2008 22:56:04 -0000

Considering cross market spread ability with Xiaonei is slim to none for the near future.

Re: Xiaonei, the Facebook of China, raises $430M — better funded than Facebook

treelovinhippie — Sat, 03 May 2008 19:01:41 -0000

OK, if you're given $430M... design something other than the Facebook look (it's not that great anyway).

Re: Xiaonei, the Facebook of China, raises $430M — better funded than Facebook

Orchid — Fri, 02 May 2008 07:09:31 -0000

As a Chinese and a user of xiaonei & Facebook,I feel very shamed to hear this.
However,Chinese and the westerners have already misunderstood each other.

PS:FB is terribly slow in China(much slower than Google.com and wiki[a blocked site in China,if there is no proxy...]) ,so I have to turn to XN.

PS ag:We are all human beings,there are no so many differences,if you've ever been to China,you'll get a better impression of her.The difference is that we're in different stage of development, and I think it's where the diffences come from. please give us some time to improve ourselves.

最后我想说句：人民无罪。

Re: Xiaonei, the Facebook of China, raises $430M — better funded than Facebook

Matt Marshall — Thu, 01 May 2008 13:07:04 -0000

Thanks Christian, will point to that.

Re: Xiaonei, the Facebook of China, raises $430M — better funded than Facebook

Matt Marshall — Thu, 01 May 2008 13:06:00 -0000

Dave, I've clarified further with updates. WSJ number appears to be wrong. Also, no warrants or anything like that I'm told. Looks like there was some bad translation from the Nikkei article.

Re: Xiaonei, the Facebook of China, raises $430M — better funded than Facebook

Christian Cadeo — Thu, 01 May 2008 06:58:51 -0000

Matt,

Some additional datapoints courtesy of Pacific Epoch:

22MM total users/12.7MM daily users/280MM Monthly PV/US$500K - $850K ad revenue a month

http://www.pacificepoch.com...

Re: Xiaonei, the Facebook of China, raises $430M — better funded than Facebook

David Oliver — Thu, 01 May 2008 05:16:06 -0000

I would believe the WSJ number of $96m. There are a few Facebook clones in China, Xiaonei is just one of them. There is also a debate in China about whether Chinese prefer to use these types of services, or a combination of IM and other services to stay in touch. Tencent would still be considered the dominant leader by most people.

This seems to me more like Softbank taking a punt. As I said before OPI has been very successful at raising money from outside investors.

Re: Xiaonei, the Facebook of China, raises $430M — better funded than Facebook

113.com — Thu, 01 May 2008 04:23:46 -0000

Nice round.

Re: Xiaonei, the Facebook of China, raises $430M — better funded than Facebook

Jon Hart — Thu, 01 May 2008 02:36:43 -0000

matt, amazing news... seems Li Ka-Shing bet on the wrong horse.

some other SN (facebook look a likes) to look out for...

odnoklassniki.ru (eastern europe)
vkontakte.ru (russia mainly)
sonico.com (latin america)
studivz.net (germany)

It will be fun to see how all this plays out this year... seems nobody wants to lose out in the SN craze.

Re: Xiaonei, the Facebook of China, raises $430M — better funded than Facebook

Matt Marshall — Thu, 01 May 2008 02:35:37 -0000

Have updated the article further.

Re: Xiaonei, the Facebook of China, raises $430M — better funded than Facebook

Matt Marshall — Thu, 01 May 2008 01:53:37 -0000

Christian/David,

Yes, the money came through the parent company, but it was earmarked mainly for Xiaonei -- to blow it out. At least that's what the company tells me. Also, the company told me $430M, and I talked with David Chao about it extensively about the deal, and he didn't qualify the amount. I'm checking nevertheless.

Re: Xiaonei, the Facebook of China, raises $430M — better funded than Facebook

Christian Cadeo — Thu, 01 May 2008 01:46:14 -0000

Bloomberg is also reporting at $96MM with warrants to increase to total of $385MM by 2011. Is this $430MM inclusive of these warrants that may/may not be called?

Also this infusion is for the parent company and not purely for Xiaonei.

Re: Xiaonei, the Facebook of China, raises $430M — better funded than Facebook

David Oliver — Wed, 30 Apr 2008 20:34:26 -0000

The WSJ is reporting that the investment was about $96m for a 14% stake. This deal is surprising - Oak Pacific Interactive has shown an ability to raise large sums of money in the past but has not had much in the way of results to show for it.

Re: Xiaonei, the Facebook of China, raises $430M — better funded than Facebook

Marc Fawzi — Wed, 30 Apr 2008 17:56:42 -0000

Are we doing all we can to compete as well as collaborate with China?