Billion yuan M & A appeared on business social networking websites

Capital M & A involving more than RMB has been completed on SNS websites in China and Europe. Lin Tinhan, founder of Skynet, China's largest business social networking website, announced the merger of the company and Viadeo, Europe's largest business SNS website, thus, Viadeo-skysky, the world's second largest professional social networking website with 7 million professional members, was born ".

"This merger is conducted in the form of stock exchange, involving more than 9 digits ." Mr. Lin Tinhan told reporters: "This is a very important turning point, marking the true development of Skynet in the international market. The merged Viadeo-skysky has become a truly international talent channel and business cooperation platform ."

Capital and profit models have always been the bottlenecks that plague the sustainable development of Chinese social networking websites. Although Facebook has always been seen as the winner of the future, its counterfeits in China have not yet achieved a solid foothold. Over the past few years, dozens of companies have tried SNS, most of which are aimed at entertainment SNS, and most of them have collapsed, A small number of popular social websites still face financial and profit-making problems. Skynet, which focuses on the professional SNS market segments, has recognized the business social networking route since its launch. "We have been on our own path, and the concepts of gaming and community have been copied, but we have not followed suit ." In order to ensure the professionalism and business nature of the groups covered by him, Skynet has abandoned the fastest-growing student and dating SNS market in the past few years, it does not compete for college resources such as the dating SNS internal network or the domestic network to maintain the atmosphere of professional and business SNS professionals.

For this merger, Mr. Lin believes that the job SNS and entertainment are different. One way to go is to internationalize the future, and there will be many business opportunities on the international road, providing deeper value to members. "For business SNS, the business exchange and business value between members are very important. Chinese SMEs should go out, foreign SMEs should come in, and finding suitable network resources is an important part ." It is reported that as early as November 27, 2007, Viadeo, a French social networking website, announced its merger with Skynet and the two sides shared their products, technologies and resources. Last year, it was reported that Skynet had been in contact with the management teams of Google and News Group and considered to complete strategic integration within the year. After a year of suspicion, Skynet eventually decided to merge with its previous strategic partner Viadeo.

"After the merger, the company's decision-making will be jointly determined by the new board of directors. Both Skynet and Viadeo have their own board seats, viadeo will continue to expand in the European market and the Chinese market will continue to expand through Skynet." After the merger, Skynet and Viadeo are maintained as two websites, with independent teams, architectures, and management. "There will be more and more integration in the future, but not in the recent period. In the second half of this year, some tools and products with bridges will be launched ."

It is reported that Viadeo has three main profit models previously: membership charges, 5-6 euro charges per month, elite recruitment, and the advertising model being tested, these models can be copied to Skynet's expansion in the Chinese market. According to the new company's forecast, Skynet's revenue target in the Chinese market in 20 million is more than yuan, and the revenue of the entire new company will exceed yuan, the new company is expected to achieve profit and loss by the end. It is reported that another purpose of the merger is to increase the possibility of future listing. Lin Tinhan said: "As for where to go public, we will determine the location of the market based on the investment bank's recommendations and the development scale at that time. Hong Kong, the United States, and Europe are all possible ." Text/Zixian