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This is just in: According this news piece Tencent Holdings Ltd a hongkong listed firm said it has secured an option to acquire up to 50 pct of MIH India Global Internet Ltd. They will be doing so by investing about 7.5 million $ over the next 3 years in the company. As some of you might know that Ibibo.com and its family of sites i.e. dwaar.com and onefamily.com which form a part of Ibibo Web Pvt Ltd in India are owned by MIH India Global Internet Ltd.

QQ7 a Chinese SNS has announced its 2007 earnings. In the year 2007, QQ made $523 Million while the other popular SNS like Mixi had $100 Million, Facebook $150 Million, Cyworld $(200 Million). While their operating profits are as follows: