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Baidu Rival Zhongsou to Acquire Classfied Portal, Seeks Listing

By Rafat Ali - Wed 08 Nov 2006 11:01 AM PST

This we missed last week: Zhongsou.com, a local rival to China’s search firm Baidu.com, is in the final stages of talks to acquire online classifieds portal Ccoo.cn, reports Reuters. Zhongsou—whose shareholders include Legend Capital and IDG—is hoping for an IPO in 2007.

Posted in: Countries, Asia, China, VC+M&A

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