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What s The Meaning of SoftBank s Investment in Oak Pacific?

Posted on May 02, 2008

Lots of discussion on the news that Masayoshi Son s Softbank will lead an investment totaling $430 million for approximately 35% stake of Oak Pacific Interactive (OPI), whose main asset currently is Xiaonei.com, a Facebook clone, can be found on the blogosphere already, such as on Techcrunch, VentureBeat and DigitalWatch. Honestly, I was surprised by the news when I first heard it on Twitter, though there was rumor in early this year already. What does the investment mean to China s web sector?At first, what will happen to Xiaonei.com? According to Communication Information, Xiaonei had 22...

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