Kaixin001.com, a Facebook-like SNS platform in China, has just finished its second round of $20 million capital raising, according to media reports on Wednesday.
Kaixin001.com is a website resembling Facebook and becomes suddenly popular among office workers. With a slogan "the power of boredom", Kaixin gains more and more web users.
Kaixin got its first round of VC capital in Sept. 2008 and that was about 4 or 5 million U.S. dollars provided by VC Nothern Light.
People seem enjoying the time-killing programs and they even rise from their beds at late night to move their cars from one parking lot to another, a game also copied from Facebook.
Analysts at first did not regard the website as a profit-making site since its rival copied totally the site and used the domain name kaixin.com. But some VC still believe the team led by its president Cheng Binghao.
President Chen did not make a comment on the capital raising.
网易邮箱，中国第一大电子邮件服务商
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