Archive for category Web 2.0

Why whisper when you can Digu?

Digu, Whisper in Chinese, enable users to share “what are you doing now” through images and not just text, and in that term it is different from other microblogging sites

One of the most interesting feature on Digu is its Celebrities’ Digu channel where users can follow Chinese celebs, such as pop star LUO ZhongXu, popular band SuperVC, super girl Li Na etc. This follows Sina strategy, which blogging service is not the first blogging system provider in China and technically is not the best either, but still it is the leading blogging service right now, thanks to its Celebrity Blogs which attract millions of fans who used to know nothing about blogging. In Digu case it is even easier as it is provided through mobile platform and microblogging which is much more portable and handy for the celebs to push immediate updates, the fact that Digu spread itself through images as well, makes it more attractive to users as well, as it would give them the feeling of being closer to their idols.

So, Digu is another microblogging service in the China market, days will tell if its special features will help it to succeed better

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China’s Oak Pacific considering HK or Nasdaq IPO

Chinese Internet firm Oak Pacific Interactive is considering an initial public offering “at a suitable time” in Hong Kong or on the U.S. Nasdaq, its chief executive said on Wednesday.

Oak Pacific, with sales of about 500 million yuan ($73.4 million) last year, aims for sales growth around 30 percent annually in the long term, Chief Executive Joe Chen said.

Oak Pacific’s entertainment portal, Mop.com, has entered a stable growth phase, and Xiaonei.com, a social networking site focused on college students and office workers, is expected to turn a profit at the end of this year, Chen told Reuters on the sidelines of the ChinaJoy online gaming conference.

“We’re in no hurry to list at the moment, since overseas markets are so bad. We are IPO-ready, but are under no huge pressure to do so and will wait for the right moment,” Chen said.

Beijing-based Oak Pacific does not have any immediate need to raise more capital, he added.

In April, several venture capital firms, including Japan’s Softbank Corp, invested $430 million in Oak Pacific and now hold a combined 35 percent stake. ($1=6.813 Yuan)

Xiaonei | MOP | DoNews

Oak Pacific

Oak Pacific

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