Chinese social networking site plans U.S. IPO next year

Posted: December 20th, 2010 | Tags: , , , , | 1 Comment » (开心网), one of China’s leading social networking sites, plans to launch an initial public offering (IPO) in the U.S. next year, according to Chinese media.

The Chinese-language Caijing magazine reported last Friday that Kaixin001 (“Happy Net”) would float on an undisclosed U.S. stock exchange in 2011. Read the rest of this entry »