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Zuckerberg Offers $85 Million For Zhangzuo (UPDATED)

By: Going Like Sixty - Published: • References: news & business.timesonline
Social networking is expanding globally; Facebook is looking at extending into the Chinese market by trying to acquire Zhanzuo.com, the largest social network in China.

"Facebook already boasts more than 100,000 users of its English-language network in China and rumours of its local-language entry were fuelled with the company's recent registration in China of the domain facebook.cn," the Times reported.

Mark Zuckerberg founded Facebook while a student at Harvard, and has been looking for a way to tap into the seven million active users in China. He offered $85 million for Zhangzuo which has about seven million active users.

UPDATE: Facebook denies any deal. Stats for Facebook China Trending: Older & Mild
Traction: 3,934 clicks in 366 w
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Concept: Facebook China
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