Chinese campus social networking site Xiaonei.com, what some people has described as a complete knockoff of Facebook, has been acquired by Oak Pacific Interactive (OPI), a Chinese Internet consortium. Xiaonei, which means “on campus,” will merge with OPI’s own collegiate social network site, 5Q. The combined entity will take its place beside other OPI properties, including the entertainment portal Mop.com, news site DoNews.com, YouTube clone UUMe.com, and classified ads provider RenRen.com, reports RH. Terms of the deal were not disclosed.
The company was angel-backed, with money from CEO Wang Xing’s family and from an ex-CTO of Amazon.com. In March, Oak Pacific Interactive raised a $48.1-million round led by General Atlantic Partners and DCM-Doll Capital Management.