The last round of financing before the end of the market

"The first financial daily" learned that the horizon is now close contact with investors, which may be its 2009 before the last round of financing.

Tianya president ' Xing told reporters yesterday that, following the 2005 acquisition of Lenovo, Google and other strategic investors about 5 million U.S. dollars in venture capital, the scale of financing expected this year will be "significantly improved." He did not disclose the specific list of investors, but the Tianya nearly two years of revenue growth rate of 200% to 300%, and the end of the earth will only give up "a small proportion of the equity ratio."

Founded in 1999, Tianya, because it is not the investor's optimistic "portal site" concept, once stranded in the profit model. Up to July 2007, the end of the Earth issued a "adtopic" precision advertising model for small and medium-sized enterprises, ' Xing estimated that the SME advertising revenue reached tens of millions of yuan, he said that the real "profit model" is actually launched earlier this month for large companies advertising mode- As the first in the country to adopt opensocial technical standards of the community, Tianya can with any use of the standard network interface of the third party to cooperate.

' Xing said that at present Tianya has signed a cooperation agreement with seven days hotel chain, in addition to get seven days from the advertising, but also from each room to be divided into. He expects big clients like this 2008 to give Tianya more than 50 million yuan in revenue.

OpenSocial was launched by Google at the end of last year to provide a unified application development standard for social networking sites, which has been supported and joined by well-known international websites such as MySpace, Yahoo, Orkut, and Friendster. May 28 This year, Google released the Community Application development Standard OpenSocial version 0.8, Tianya and MySpace China as a partner in the list.