Chinese Social Network causing a stir!

By : Administrator
Published 14th March 2011

Great story from Businessweek:

Since 2009, China has blocked Facebook, the world's largest online social media network. This year, Renren, one of China's largest social networks, plans to raise $500 million on the New York Stock Exchange. So a Chinese social network can tap U.S. capital markets, but American social networks can't tap Chinese consumer markets. Does that sound fair?
China's Facebook Syndrome - BusinessWeek

So online and offline trade still aren't seen as equals!

Steve Richardson
Gaffer of My Local Services
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