Reuters are reporting that “Google revealed on Monday that it had acquired a stake in Chinese community Web site Tianya.cn.”
This is hardly surprising give the size of the Chinese market, and the need for Google to catch Baidu.com, which dominates the Chinese search market.
Venture capital investment in Chinese social networking sites has bloomed since Google bought top online video-sharing site YouTube for $1.65 billion (830.4 million pounds) late last year.
Again, a good indication that this Web 2.0 thing is a global construct. See my Takeaway piece in Multilingual for more insights into how I think Web 2.0 will end organized localization as we know it.