Probably only a very few people expected the amazing growth of Kaixin001 at the beginning of 2009. Now 2010 is here, can you predict any startup will rock the China web?

An angle investor I know was in touch with a new SNS which I thought has some innovative ideas implemented. But he finally said No to the founder a day before the contract day because a famous veteran told him investing social networks is wasting the money. Well, yes and no. Most likely, we would see more expansion of existing social networks or rising of mobile SNSs, and would not see another lucky one like Kaixin001 simply because too many Big public social networks are out there.

Although, all of them will tell you the same story of user heterogeneity and different company strategies. Since they are all open to everyone, in some sense they are competing with each others. P1.cn which is also a social network you may never read on popular media, seems an exception. It neither rushed into the Open Platform ‘hype’, nor tried anything on the hottest Social Games yet. It is unique in this market, a private (i.e. invitation-only) social network mainly focus on young affluent people living in China.

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Gang Lu

Dr. Gang Lu - Founder of TechNode. He's a Blogger, a Geek, a PhD and a Speaker, with passion in Tech, Internet and R'N'R.