Friday, September 14, 2007

Google buys stakes is

Google China seems to have brought 60% stake in Tianya. It is a Chinese social portal .It is one of the top 100 visited chinese site. Tianya offers several products which includes classifieds, photo hosting, blogs, news, sports and others. Actually Tianya is a forum service provider, other features are not so successful.

Google stated its intention to acquire or invest in 5 Chinese internet companies . The investment in is one such investments. It is believed the Google has brought 58.1 percent share anlthought there is no official confirmation. This is the biggest aquisation by Google in China.

Google has recently launched 2 new sites under the Tianya brand. One is a social networking site and other is chinese version of Google answer. Read more about the 2 sites


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