Oak Pacific Interactive Explained

Oak Pacific Interactive, established in 2002, is a Beijing-based Chinese holding company.

Oak Pacific Interactive is the second-largest operator of social networking websites in China,[1] after taking ownership of one of the most viewed Web sites in China MOP.com,[2] information technology portal Donews and social networking site Xiaonei.

In April 2008, Oak Pacific Interactive raised US$430 million from an investment group led by Japanese telecom company Softbank in exchange for a 35 percent stake.[3]

Notes and References

  1. Web site: OAK Pacific Interactive Takes over Peagame. 2008-08-06 . Beijing Shijingshan District government . July 14, 2008.
  2. Web site: China Web 2.0: Joe Chen Wants it All. 2008-08-06 . . March 21, 2007.
  3. Web site: China's Oak Pacific considering HK or Nasdaq IPO. 2008-08-06 . . July 16, 2008.

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