- Kaixin001 is the hot new social network in China aimed at white-collar workers who sit in front of their computer 9-10 hours a day.
- In just a couple months, it has gained 7.5M users and has tripled Twitter’s traffic.
- Xiaonei is the leading social network in China, aimed at college students.
- Kaixin001 has gained its success by cloning their design as well as ripping off the most popular apps on Facebook like:
- FriendsForSale
- iLike
- WhereI’veBeen
- No telling what will happen with the startup market in China, as investors are still bearish on websites that aren’t supported by much revenue and potential buyers in the marketplace just aren’t there yet. I lived in Beijing in 2006, and when I investigated what kind of work enviornment and talent China was dealing with in terms of design and program ability, it was very weak. Doesn’t look like much has changed.
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