Thanks To Facebook, $430 Millions Into Oak Pacific’s Xiaonei.com

Microsoft bought 1.6 percent stake of Facebook for $240 millions, which valued Facebook at $15 billion. It has just been confirmed that Xiaonei.com, the Chinese clone of Facebook owned by Oak Pacific Interactive (OPI) sold its approximately 35% share to Softbank for $430 millions, which values OPI at over $1 billion. So the Chinese social […]