Categories: Social Media News

Chinese Software Developer Community Raises Funds

CSDN.net, which goes by a few English names including China Software Developer Network, has completed its latest financing project.

Liu Jiang, chief editor of CSDN, confirmed that the company is negotiating financial issues; however, no further details have been officially revealed.

CSDN is rumored to have already gained over USD10 million in new investment at the end of 2012 and the investors included CBC Capital, Intel Capital, and an unnamed investor from the Internet industry. The investments will reportedly arrive in March 2013.

Founded in 1999, CSDN is one of the largest information technology community and service platforms in China. It claims to have 24 million registered members and 500,000 registered enterprises and partners. CSDN owns several developer community websites and its businesses also cover magazine publishing, information technology training, education, and information technology recruitment services. The company plans to launch an IPO between 2015 and 2016.

Social Media Asia Editor

Recent News

Albania to ban TikTok for a year as PM Edi Rama claims app inciting violence and bullying

The Albanian government plans to block access to TikTok for a year after the killing…

20 hours ago

Albania bans TikTok for one year after teen stabbing incident, the company reacts

Albania’s Prime Minister Edi Rama announced that the country will be banning TikTok for one…

21 hours ago

Ukraine’s Drones Wreak Havoc in Russia’s BRICS Summit Host City

What's NewOfficials in Russia say drones launched by Kyiv have hit Kazan, a city more…

2 days ago

What if Russia wins in Ukraine? We can already see the shadows of a dark 2025

There are human activities in which both sides can win. War is not one of…

2 days ago

US Senate passes spending legislation to avert government shutdown

The US Congress passed spending legislation early on Saturday in a down-to-the wire burst of…

2 days ago

Manila Cathedral to bless Nativity infants

AHEAD of the celebration of Christmas Day, the Manila Cathedral in Intramuros is inviting the…

2 days ago