Here is something interesting for those who do not know, the largest social media network in China, Kaixin001.com, an exact clone of Facebook receives a big boost from NLVC Yesterday.
CNET reported, Kaixin001, receives a USD 4 to 5 million dollar investment from Northern Light Venture Capital. Why would NLVC invest in a social media networking site? According to the statement, "Northern Light is optimistic about the model of Kaixin001.com. On the other hand, the partners of Northern Light believe in the abilities of Cheng Binghao, the founder of Kaixin001.com."
Kaixin001 was made to attract the Chinese community to flock over to their giant social media network and offer what Facebook could not offer on their own site. Looking at the Alexa Traffic graph, you see a sharp rise over the past months and this bullish point could soon see a new reach in the next couple of months.
"Kaixin001.com is now a popular SNS website that provides games and functions such as fighting for parking spaces, votes and tests. People can earn awards through these games or by inviting their friends to register on the website. Relying on these unique features, the website has gained great popularity, especially among white collar Chinese, since May 2008. In August 2008, the daily IP traffic of Kaixin001.com reached 720,000 and its daily page views were over 30 million, so the company claims."
Apparently from this report, the way it attracts social members into the site seems similar to what Facebook offers, introducing new games around your circle of friends but Kaxin001 offers more than just games for referral to your friends.
Losing International Sign-ups
Kaixin001 does not allow international sign-ups as of yet and this is pretty strange, i thought its a social media network site but it seems like registering an account requires your Ip address to come from China. That is just amusing as the message below shows in Chinese characters that Currently Kaixin001 is still available for international sign-ups.
I guess Facebook will still stay on my number one social media networking site and once Kaixin001 opens its gate to the international members then I will have switched over so that I am able to use the 1GB space given unless Facebook does their interim measures to curb against what Kaixin001 have to offer.
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4 Responses to "Chinese Social Media Network Site Kaixin001 Receives Its Largest Boost of 5 Million Dollars"
September 23, 2008 9:47 PM
Nice Post. I am new here but will be visiting more often as you have done a good job.
I consider your effort for this article is indeed valuable. Its well researched, well portrayed and well formated informative content.
I really appreciate the work. Keep it up.....
September 25, 2008 3:27 PM
Its really great post. Thanks for sharing this post. Keep it up
This site is out to beat facebook, but too bad it is not open to the public.
September 26, 2008 5:27 PM
The chinese people are nothing but mad. That is why things like this happen.
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