Analysis pointed out that the participation in bidding meant that Tencent was accelerating overseas expansions.

This morning foreign media reported that the Friendster – “father of social networking sites” would be sold to an Asian buyer at the end of December with 100 million U.S. dollars and Tencent was among the Bidders.

About this, Tencent Investor Relations Department did not give a positive response on the matter when communicating with the Sina science and technology, just saying that Tencent “would not comment on market rumors”. Meanwhile, the Tencent Public Relations said they had no idea on this incident.

Analysts said the involvement in bidding Friendster meant that Tencent was speeding up the pace of overseas expansion, and Friendster has a certain market share in Southeast Asian markets including Singapore, Indonesia, Malaysia, and the Philippines, which will help Tencent rapidly expand the local business.

Friendster began to find a buyer as early as in July , the site’s brief fact sheet sent to potential acquirers said its number of global registered users was more than 100 million and it attracted more than 100,000 new users everyday, strongly promoting the influence and bright prospects of Friendster in the Asia Pacific region.