October 30, 2007


Thanks to Microsoft's recent investment, Facebook now has a war chest of USD240 million to expand overseas. According to China Business News, Facebook is not going to follow in MySpace's footsteps and set up its own local China site, but instead it plans to buy a local social network. The question is who? Given than Xiaonei is an exact copy of Facebook, let's see if Mark Zuckerberg has the gall to buy these guys.

We guess that Chris Pan, who recently left PepsiCo China to join Facebook may well be the man driving the launch of the new Chinese Facebook.

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