Two months earlier, facebook acquired popular photo app Instagram for $ 1 billion. Worth it? Mark himself said that it is an important milestone for Facebook because it’s the first time they’ve ever acquired a product and company with so many users – especially when they’re all mobile users. To make up its underdevelopment in mobile internet, facebook’s new deal is more like buying a potential competitor and paving the way for a mobile strategy.

On the other hand, are you also expecting a Chinese Instagram and want to see it grow into a legend? Will Instagram’s story work in China?

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Charlie Sheng

动点科技驻湾区记者. Charlie is an entrepreneur based in San Francisco and Hong Kong who calls herself the undefeated caffeine champion. You can reach her at charlie.sheng (at) technode.com