Ztelic , a Beijing-based social data startup, has confirmed that it was acquired by Yahoo!. The team reportedly will move to Yahoo!’s Beijing-based global R&D center. Its website reads that the Ztelic for business and u2top app will be closed.
Ztelic, founded in early 2012, is focused on social data mining and analysis, having launched a couple of products to leverage its data base and technologies. Its flagship product is a social hiring platform.
u2top.cn is a Chinese people search engine that has integrated user profiles from Sina Weibo, Tencent Weibo, Renren, Kaixin and LinkedIn. Its mobile app works similar to LinkedIn. It allows users to manage resumes and pushs contact recommendations to them.
Lesong is a mobile app that notifies you of important dates or occasions and helps you select gifts for people you care about. It would recommend gifts based on the relationship of the sender and recipient. Payments can be processed directly within the app.
Zheng Hao, CEO of Ztelic, used to work at Yahoo! in the U.S. and its Beijing-based R&D center. He was also once the CTO of Zynga Asia-Pacific. This time he will return to the Yahoo! global R&D center as vice president. Ztelic reportedly received funding from IDG Ventures previously.