TECH CRUNCH -- Apr 5 -- Despite China’s massively growing internet market, international giants like Google and Facebook are having trouble making gains with the 300m Chinese online users. China’s netizens are on average very young – 66.7 % of them are younger than 29 years old and 35.2 % of them are teenagers. China’s leading social network Qzone, which is targeted at teenagers, may be the largest in the world. Tencent, the company that runs Qzone, recently announced group revenues of over $1 billion in 2008. 51.com, which targets working class adults from rural parts of China, is the second most popular social network in China with 130M registered users. Chinese students flock to Xiaonei with approx. 40m users. Open Social Networks are Not So Open in China. Today, only one of the top 50 apps in China’s social networks runs on OpenSocial. When Xiaonei and 51.com at first opened their own platforms, their terms of services outraged the developer community with clauses that practically blocked all monetization opportunities and a shared user base with their own websites. FULL ARTICLE @ TECH CRUNCH
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