DeNA Buys into Chinese Social Networking Site.Tokyo, Aug 6, 2009 - (JCN JCN Japan Corporate News JCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology JCN joint communications network (US DoD) ) - DeNA plans to buy a majority stake in the operator of a Chinese mobile social networking site A Web site that provides a virtual community for people interested in a particular subject or just to "hang out" together. Members create their own online "profile" with biographical data, pictures, likes, dislikes and any other information they choose to post. , the Nikkei Nikkei Short for Japan's Nikkei 225 Stock Average, the leading and most-respected index of Japanese stocks. It is a price-weighted index comprised of Japan's top 225 blue-chip companies on the Tokyo Stock Exchange. reports. DeNA plans to buy more than 50 percent in UK firm Waptx, which operates China's largest mobile social networking site with a local partner. DeNA will buy 8.73 million shares in the company through a private placement. DeNA plans to use the portal site's content and expertise to expand its own social networking See social networking site. social networking - social network business. DeNA already operates a mobile social networking site in China, but has less than 1 million subscribers while the Waptx service has about 9 million users. JCN Newswire. All rights reserved. A division of Japan Corporate News Network K.K. |
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