Top Chinese directory website 2345.com acquired

Shiyuzhu, the CEO of Giant Interactive Group,and Sequoia Capital, expressed huge interests in acquiring the famous chinese directory website – 2345.com, the news spreaded very fast in internet industry.

After Li Xingping sold hao123.com to Baidu and Cai Wensheng transfered 265.com to google, this is the first time that a directory website catches so many eyeballs.

It is reported that 2345 website was created by Han Meng, a friend of Li Dongsheng(the founder of leading SNS 51.com), while Li is one of the investor. Coincidently, Sequoia Capital is also the investor of 51.com.

According to the research of Iresearch, the top 5 navigation websites in China are:

Hao123.com

2345.com

144la.com

265.com

1616.net

Hao123.com is dominant, it attracts 10 times more traffic than other directory site. 265.com once was second runner, however, recently their ranking dropped 2 spots.

Brief introduction of major Chinese directory sites:
1、www.hao123.com

Hao123.com was found in May 1999 by Li Xingping, on August 31th, 2004, it was sold to Baidu at the price of 11 million RMB, plus 40,000 Baidu stock shares.

2、www.2345.com
2345.com was created by Han Meng in 2005, together with Li Dongsheng, the founder of 51.com. Giant Interactive Group and Sequoia Capital are very interested with acquisition. The price is not disclosed.
3、www.114la.com
114la.com was set up in July 2007. in 2009, 114la acquired large amount of small sized navigation sites.
4、www.265.com

265.com was found in 2003, by Cai Wensheng. At the initial stage, 265.com got investment from IDG and Google. In May 2008, this website was sold to Google, at 20 million USD.

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