Breaking News: CFOs increasingly involved in IT investment decisions

ZDNet / News / Internet

LinkedIn reportedly in talks to enter China

By Mu Shen , CNET News China on February 15, 2012 

 

Summary

Founder Reid Hoffman said to have met with four Chinese Internet companies including Baidu and Sina likely to discuss plans of setting up shop in the Asian economic tiger.

Events

Echelon 2012
June 11 and 12, 2012

University Cultural Centre, National University of Singapore

Startup Asia Jakarta 2012
June 7 and 8, 2012

12th Floor, Annex Building, Wisma Nusantara Complex, Jl. M.H. Thamrin No. 59 Jakarta 10350, Indonesia

MMA Forum Singapore
April 23-25, 2012

Grand Hyatt Singapore

Submit

BEIJING--LinkedIn founder Reid Hoffman reportedly met with four major Internet companies in China to discuss plans for the U.S. professional networking site to enter the Chinese market.

According to a source with knowledge of the meetings, Hoffman met with Baidu, 360.cn, Sina and Renren.com last week. "The content of their discussions was probably about LinkedIn entering China," the source said.

Describing itself as the world's "biggest professional social networking" site, LinkedIn has over 150 million members worldwide, 60 percent of whom are located outside the United States, and is listed on the New York Stock Exchange (NYSE). Hoffman is an investor of or consultant to more than 60 startups at the Silicon Valley, one of which is Facebook.

LinkedIn operates three main profit models, relying on recruitment, marketing and advanced subscription services for its revenue.

Currently, a number of sites in China offer service similar to LinkedIn such as Tianji.com, Wealink.com, Renhe.cn, Ushi.com, Jingwei.com and Aceona.com. Among them, Tianji.com merged with Viadeo, which in 2009 was touted to be the world's second largest professional social networking site after LinkedIn.

As such, competition from the Internet companies in China will be intense and the barrier to entry for foreign Internet companies entering China is not low.

LinkedIn last year opened an office in Singapore, which currently serves as its Asia-Pacific headquarters. The company's regional managing director, Arvind Rajan, then told ZDNet Asia that the office will drive expansion plans in Asia, and pointed to the "huge opportunities" in this region.

Talkback

Lets see what is going to be the result for this. waiting to hear the news of it

sairaise February 17, 2012
Add your opinion

In order to post a comment, you need to be registered. (Sign In or register below)

Post your comment

Resource Centre Useful content from our premier sponsors

Latest Stories

Experience trumps content in apps monetization

Malaysia offers manufacturing benefits over China

Value of big data analytics largely untapped

So.cl's approach 'cautious', to face hurdles in market

SingTel acquires HungryGoWhere for $9.4M

ZDNet Asia Live

SingTel (All) SingTel acquires HungryGoWhere for $9.4M ZDNet Asia News http://t.co/QuzQio2Z

Intranets need social to survive http://t.co/pdOHvgBP #intranet #socialintranet #intranet20

Fanboys on AV for Mac: "ludicrous" "a waste of time" "The Mac will protect me" "the most secure ever" "impenetrable" http://t.co/a1o2Sz7E

RT @ameliatmy: the hottest angel investment & venture capital event in #MALAYSIA! will u be there? http://t.co/ChSjkmzu #ABAF

Singapore Game Box in the ZDnet news!
http://t.co/UuTs0SqX http://t.co/YdPKmm39

#radio Radio Bolivia by EnjoyIT 1.0 http://t.co/fdlBPOeI

RT @zdnetasia: SingTel acquires HungryGoWhere for US$9.4 million. http://t.co/Qho1REVZ

Gartner: Mobile CRM gives better ROI than social - http://t.co/s5OfTAXK #CRM

RT @zdnetasia: S'pore sets up portal to grow games sector. http://t.co/In8gtj7L

#Malaysia: 20% yoy rise in overall #wages for both direct and non-direct labor. http://t.co/5T2e0LUU

RT @mikebuetow: #Malaysia: 20% yoy rise in overall #wages for both direct and non-direct labor. http://t.co/5T2e0LUU

@88tc88 RT @KevinZDNetAsia: User experience more important to app monetization than actual content http://t.co/ogbD5wyI… #li #dm12

Dubbed the first social #Olympics, this year's summer games have some of the strictest social rules for all involved http://t.co/4HlcqhW3

Value of big data analytics largely untapped - Zd Net http://t.co/ZuhPrCN4: Pushing cloud limits for d... http://t.co/VyOU0vHz #TheBIBlog

Value of big data analytics largely untapped http://t.co/026PCpSc @zdnetasia

So much as we know , MTK6575 extremely integrated frequency1GHz ARM Cortex-A9 processor, the superiority of 3G / HSPA Modem, and help the...

15 hours ago by y15822137359 on 5 SaaS adoption speed bumps to avoid

I reckon your view: "CRM is strategy, not software", if a company replicating the approach uses in ERP implementation into CRM, what they...

1 day ago by wykoong on Gartner: Mobile CRM gives better ROI than social

This video will teach you about the Excel fill handle but also provide you with a workook to download... http://www.youtube.com/watch?v=...

2 days ago by TradeBrother on A quick fill handle trick for Microsoft Excel

waiting...

4 days ago by eapete on What should count in a company's market value?

Boy, you've opened a can of worms now.

Wait for the rants & raves.

4 days ago by eapete on What should count in a company's market value?

I was puzzling before this whether to replicate the success formula we executed for a financial institute, and come out with a standard s...

4 days ago by wykoong on Drop the egos, copy ideas, then innovate

Keep up with ZDNet Asia

Facebook Join our fan page

RSS Feeds Subscribe now

NewslettersNewsletters Subscribe today

Twitter Follow us