LinkedIn (LNKD) Higher on Possible Deal to Enter China
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LinkedIn (NYSE: LNKD) is seeing upside action in pre-open trading Wednesday following reports the company may soon sign a deal to enter China.
LinkedIn founder Reid Hoffman met with Baidu (Nasdaq: BIDU), 360.cn, Sina (Nasdaq: SINA) and Renren.com (Nasdaq: RENN) last week, likely about entering the populous country, according to reports from CNET News China.
"The content of their discussions was probably about LinkedIn entering China," a source was quoted as saying.
Shares of LNKD last traded at $88, up 3.4% from Tuesday's close
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LinkedIn founder Reid Hoffman met with Baidu (Nasdaq: BIDU), 360.cn, Sina (Nasdaq: SINA) and Renren.com (Nasdaq: RENN) last week, likely about entering the populous country, according to reports from CNET News China.
"The content of their discussions was probably about LinkedIn entering China," a source was quoted as saying.
Shares of LNKD last traded at $88, up 3.4% from Tuesday's close
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Is China going to be LinkedIn?
Edward on Feb 17, 2012 10:34 AMMark as Spam | Reply to this comment
There is a huge cultural difference that almost tells the failure of LinkedIn if it really moves into China. The business and professional world is so different.
I did a quick experiment in my blog.
nothingaboutmarketing.blogspot.com