Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

Chinese RSS Site Xianguo Obtains USD 1 Mln Funding

DoNews, 2/26/10

CEO Liang Gongjun of Chinese RSS reader and feed sharing platform has revealed that his company won USD 1 mln in funding, with further details to be announced in a month's time.

Liang said that the funds were secured at the end of 2009, and that the funding is "not as simple" as a matter of direct investment, but that due to matters of confidentiality, additional details could not yet be revealed.

Liang added that the funds are to be used mainly toward building the company's technical team by 20-30 new hires, and to improve the reader's speed and data processing ability. Liang said Xianguo also plans to launch mobile reader services, but that wireless will not be the company's main drive.

Regarding the site's microblogging service, which was launched in December 2009, Liang said that microblogging is only a supplementary product to Xianguo's reader product, and that the site would not transition toward microblogging or other SNS models.

Xianguo's RSS reader allows users to subscribe to automatic notification of news, blogs, and other site updates. The company was founded in June 2007 by Liang Gongjun, former Sina (Nasdaq: SINA) GM of R&D, and currently employs a team of 10.

Keywords: Liang Gongjun HR Xianguo Internet funding wireless RSS Sina microblogging


Please note, all fields are required.
None of your personal information will be shared with third parties.



The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily Premium

Interested in gaining full access to all newsletter articles and the Marbridge Daily archive? To learn more about premium subscription options, including pricing, please:

Click here

Marbridge Consulting RSS Feed

Marbridge Reports