Xing: Tianya impact gem is not hype

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June 13 Morning News, for Tianya (hereinafter called "Tianya") recently by the media frequently sizzling gem listing and financing topics, TIANYA President Xing said, its focus has been on the open platform strategy, not too much talk about listing and financing topics. However, he stressed that the tianya impact of the gem is not a hype, but after careful consideration.

Recently, domestic media reported that the Tianya is closely with investors, may be completed. The end of the horizon in 2005 to complete the first round of financing, investors, including Lenovo Group, the Qing Branch group and strategic investors Google, which accounted for less than 10%. Tianya plans to log in to China Gem in 2009.

and Sina Science and technology to talk about this round of financing the amount of money and investors information, the phone that head Xing quite embarrassed. "Not too good to disclose, now community-type Web site financing is not new, we can see the future of community trend." Xing revealed that the end of the horizon has actually completed the second round of financing, the overall view is "more conservative."

According to Xing's plan, he does not plan to announce such success stories as highly high-profile as many companies. The explanation is, "We've been keeping a low profile on the issue of listing and financing." "Insiders believe that Xing this near" silent "low-key or is with the end of the horizon has begun to prepare for the listing.

Gem "Dystocia", so that some impatient VC people began to pay attention to its short board and deficiencies. A local VC Enterprise executive told Sina Technology, he does not suggest that small companies blindly to Chong Gem board. From the experience of foreign capital markets, if the company is not large enough, listing may become a further development of the tie.

Xing told Sina Technology, after the contact with many institutions and related people, he is more confident of the gem, China's gem will probably be the only opportunity to obtain the Nasdaq-like trading market. With many internet companies like to choose the location of the listing on the Nasdaq different, Tianya more confidence in the domestic market.

"Our capital structure is more suitable for domestic, our users, customers, markets and brand awareness, are rooted in the Chinese circle, so do not want to run abroad." "Xing said.

It is worth noting that the end of the day to set up the market for the 10 anniversary of the 2009 years. In not waiting for a higher level of companies are eager to log into the gem, Xing denied that the reason is the pressure from investors. He said that Tianya investors are long-term investment strategy, did not give any pressure on the market.

He pointed out that the stock market trend is not good, need to inject new growth momentum, Tianya hope to become one of the positive elements. In the open platform strategy, the end of the world with Google is the investor's "proximity" advantage, is currently active in this field, because the open platform implied an important profit model.

And before the end of the Earth has led the "one-yuan certification fee" activities, Xing said no profit purposes. "We do this completely regardless of income, this charging method is not our profit model, we hope to raise the threshold of registration, the establishment of a healthy community ecological environment, the middle in the promotion of communication there have been errors, resulting in some media misreading." "Xing said.

Xing said that the Tianya recently pushed open platform and financing, such as a series of initiatives, with the listing has no relationship. "We will not go public for listing, but to make the business solid." Chinese Internet community needs to be very solid to do, do not need hype. ”