Tencent SNS Site Records over 10 Mln Users

21th Century Business Herald, 1/15/09

Chinese Internet and wireless value-added services provider Tencent (0700.HK) has revealed that during beta-testing last year between June and November, its social networking site (SNS) "QQ Xiaoyou" (literally "QQ Classmate") recorded over 10 mln registered users, with an average of 100,000 users registering daily. The company also stated that it was not currently concerned with how to make money from the SNS, and was offering all services for free while it builds up its user base.

QQ Xiaoyou, which was officially launched on January 6, will be integrated with other Tencent products including its C2C auction site Paipai and its Qzone mobile blogging platform, with users able to move existing blog posts and pictures across to the SNS site.

Keywords: 0700.HK Internet mobile blogging paipai QQ Xiaoyou Qzone registered users SNS statistics Tencent e-commerce Web 2.0 Pengyou

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