 | |
There is something going on in China, Russia and South Africa. Via various internet investments and creations, these three countries combined have built up major stakes in some of the world's biggest sites and social networks.Russian investment company, Digital Sky Technologies (DST), now owns about 7-10% of Facebook by various estimates, putting the company among Facebook's biggest owners. Via its sister company Mail.ru, another 2.4% of Facebook is held. Recently, according to the New York Times, DST ploughed a further ...
The great Firewall of China, a colloquial term for country's censorship policies, may have kept most of the nation's 420-million web users from accessing Facebook, but it has not stopped social game developers like Ellison Gao.Five Minutes, a Shanghai-based studio co-founded by Gao, 27, launched its first social game two years ago and has attracted millions of dollars from investors, including US venture capital firm Draper Fisher Jurvetson."It is impossible for any Chinese developer to ignore the Facebook market, just ...
It looks like Chinese internet giant Tencent is gearing up to take on Facebook.A report indicates plans by the company to offer users links to third-party websites and access to externally-developed applications, mirroring some features of world's largest social network, Facebook.Tencent was testing about 10 third-party applications to run on QZone, its social network, and Tenpay, its online payment platform, company president Martin Lau told the Financial Times in an interview.The firm, which runs the world's largest instant messaging service ...Two of China's leading internet companies, Tencent and Qihoo, have been forced by the Chinese authorities to issue public apologies over a nasty spat marked by accusations of unfair market practices and privacy infringement.Tencent, China's premier online game operator and its largest instant messaging provider, and security software developer Qihoo 360 issued the apologies late on Sunday after being ordered to do so by the Ministry of Industry and Information Technology.The Ministry said both companies need to "strengthen professional ethics" ...
China’s largest online company, Tencent, has bought Beijing-based social networking provider Comsenz from search giant Google and VC firm,Sequoia Capital for $60-million.Comsenz is the developer of Discuz, China’s most-used bulletin board system (BBS), with a reported 80% of Chinese sites running the BBS, and 70%of other BBS systems built on Discuz.The deal will further entrench Naspers, the South African media giant, in the Chinese market. Naspers has a 35% stake in Tencent, which is China's premier online game operator ...
By 
By 
By 
Share
