Facebook will soon acquire Chinese college students' community "Tongxue.com" for 35 million USD, officially entering the Chinese SNS market. At that time, the senior management of Tongxue.com will be adjusted accordingly, and Tang Jun, former president of Shanda, will serve as the President of Facebook China.
Recently, according to the confirmation from Oak Interactive Group (referred to as "Oak"), the company will receive a total investment of 40 billion yen (approximately 384 million USD) from Japan's SoftBank.
Can't compete with Xiaonei.com? Facebook is finally here. What kind of changes will it bring to the Chinese SNS community? Let's wait and see.