Brief introduction

Kaixinwang (Kaixin001) is a China-based, Facebook-clone social networking site.

Since launching in 2008, Kaixin001 has achieved instant success, in 2009, Kaixin001 registered users has reached 40 million, the traffic rank of Kaixin001 on alexa and chinarank are among top 2 of all social networking site in China.

Url: kaixin001.com

Company: Kaixin001

Private or public: Private

Address: F11 Jinyuan Times building No.2 Landing Guangdong Road Haidian District Beijing

Contact information: Tel: 400-6115-001 Email: hezuo@kaixin001.com

User base: 50 million[1]

Revenue: $40 million

Market share: 18%

User number growth rate:500%

Revenue growth rate: 300%

Competition: renren.com, 51.com, chinaren.com .

Relevant news

Kaixin001 sued Kaixin[2]

The operator of one of China’s most popular social networking services, Kaixin001.com, has filed an unfair competition lawsuit against Beijing-based online entertainment company Oak Pacific Interactive, which started a competing service in October under the very similar name of Kaixin.com.

The lawsuit has already been accepted by the Second Intermediate People’s Court of Beijing, Sina.com reports. In the suit, Kaixin001.com has asked that Oak Pacific Interactive stop using the Kaixin.com name for its social networking site Kaixin.com. It is also seeking a public apology, said Li Yunde, the plaintiff’s lawyer.

Oak Pacific Interactive published an announcement. It confirmed the lawsuit by Kaixin001.com, and said that the company “will take an active role on this issue to protect the legal rights of the company.”

Kaixin cooperates with Ericsson

Ericsson (NASDAQ:ERIC) and Kaixin001, the largest and fastest-growing social networking site in China, are joining forces with a three-year partnership to develop innovative mobile applications that will help millions of users access the site wherever and whenever they want.

Launched in March 2008, Kaixin001 already has more than 50 million subscribers in China and among Chinese speakers across the world, and is attracting about 200,000 new registrations a day.

With subscribers now mainly accessing the website via their PCs, the cooperation between Ericsson and Kaixin001 will bring new applications that will allow users to manage their virtual space, interact with friends and stay updated on their online communities, all via their mobile devices – anytime, anywhere.

Future services could include real-time uploading of photos and videos from mobile phones, SMS alerts on a favorite celebrity’s activities, and location-based services, such as checking if friends are nearby.

[1] http://www.direktbroker.de/news-kurse/details/International-News/Kaixin001+++50+million+go+mobi/20615713

[2] http://blogs.wsj.com/chinarealtime/2009/05/21/kaixin001-v-kaixin-social-networking-goes-to-court/

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