Chinese SNS 51.com is reportedly seeking to go public amid the IPO heat. 51 is the fourth largest SNS (market share: 10.1%) in China, next to Renren(#1, 25.1%) Kaixin(#2, 19.4%), and Pengyou(#3, 18.1%), a report by Beijing-based market research firm Analysys International shows.

“We’re Going Public in 2010”

Founded by Pang Dongsheng in 2005, 51.com is popular amongst 2nd-tier and 3rd tier cities. The site to date claims over 200 million users. Chinese online game vendor Juren invested US$ 51 million in 51.com for 25% shares. Afterwards both Juren CEO Shi Yuzhu and 51.com CEO Pang Dongsheng indicated that 51.com will get listed in 2010. And now it’s 2011.

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Ben Jiang

Listener of startups, writer on tech. Maker of things, dreamer by choice.