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Rumor: Kaixin001 May IPO in Hong Kong

Beijing Times, 8/23/11

According to an industry source, Chinese SNS Kaixin001 is now preparing to list on the Hong Kong Stock Exchange. Kaixin001 CEO Cheng Binghao neither confirmed nor denied the rumors, instead emphasizing the fact that the site has already obtained two rounds of funding, and a decision to IPO now depends on further assessment of the overall market and the future direction of the company.

Keywords: Cheng Binghao Hong Kong Internet IPO Kaixin001 funding SNS

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