Xiaoxishu Launches New Version with Pay Per Drag

Shanghai based online classifieds startup Xiaoxishu launched a new version on Aug. 1. It does the same thing as US based Craigslist and Ebay’s Kijiji. But its revenue model is based on a patent idea that lets users to compete for the promotion area on the website in a Ebay auction model.
To participate in the [...]

Blogbus closed series A funding; Sosoko and Ccoo received investment

Leading blog services provider Blogbus closed series A funding today. The investors are Japanese venture capital JAIC and Japanese network advertisement agent Cyber Agent. The amount is $3 to 5 million. According to Dou Yi, founder of Blogbus, this is the largest series A funding among Chinese BSPs.
Several days ago, two classifieds received investment too. [...]

China Web 2.0 New Roundup

QQ video in its labs: Tencent, with its most successful IM product QQ, intends to be one of the innovative internet companies in China. Tencent launched its Labs last month together with Tecent Innovation Contest 2006 to find innovative project in online communities, QQ-related products and others.
On Oct 19th, QQ Labs inaugurate its first [...]

Mulu100 – Edgeio launched Chinese version

Decentralized classifieds search engine Edgeio has launched its first localized website in China, Mulu100 (see press release). In the same time, Edgeio has finished $5 million series A financing.
Mulu100 is actually just a Chinese interface. The backend is still Edgeio. So Edgedirect and Edgesense works in the same way as in its [...]