According to China-based consulting group iResearch, SNS (Social Networking Sites) in China recorded 72 million internet users per day in July, compared to 25 million per day in February.
The consulting group noted that the combined market value of networking services in China shot up to 500 million yuan in 2007, of which social networking services accounted for 280 million yuan. It projected the SNS market in China will be taking off very soon.
The high flyer Kaixin001.com remained robust in the market as it blended easy-to-play games with SNS model. Kaixin was found by Mr Cheng Binghao, a former executive at Sina.com. Other emerging SNS sites include foreign players: Facebook, Xing, MySpace, Cyworld; local players: China Mobile, 51.com, Xiaonei.com etc.
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