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Rumor: Baidu, Facebook Ally to Launch SNS in China

Marbridge Consulting, 4/08/11

According to a microblog post by Hu Yanping, founder of Beijing-based market research firm Data Center of the China Internet (DCCI), Facebook has signed an official contract with a local Chinese Internet company to build a new social networking website in China. Hu added that the new website would not be integrated with Facebook.com.

Editor's Note: Multiple industry sources have revealed to Marbridge that online search giant Baidu (Nasdaq: BIDU) is the "local Chinese Internet company" that will be working with Facebook and operating the new SNS website in China. In mid-February it was rumored that Baidu's top management had visited Facebook's headquarters in Silicon Valley (see "Rumor: Baidu Visits Facebook in Silicon Valley," MD 2/18/11 issue.)

Keywords: Internet Baidu Facebook SNS Beijing Hu Yanping BIDU

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