Google Buys Into Tianya.cn - August 21, 2007
I was quite interested to read how Google has bought some of a Chinese social media site. However, the figures weren’t about revealed how much.
The president of Google China, Kai-Fu Lee said that Google intend to buy one or two China-focused internet businesses over the next 5 to 12 months.
Google’s target, Tianya.cn, offers a variety of services including user blogs, classified advertising, photo hosting, news, sports news and university information. The site is ranked as the 63rd most popular website in China with over 20m users.
Google recently won approval from the China government to provide internet content to the country.
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