Tencent in Talks to Buy Stake in Happy Networks

Tencent is seeking a stake in the Chinese social-networking company that owns of Facebook-like site Kaixin001, in a move that would intensify its rivalry with Sina.

26 Oct, 2011

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Source: http://online.wsj.com/article/SB10001424052970203554104576654630638556322.html?mod=asia_home
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