Viadeo May Sell Shares ‘Soon,’ Cement China Lead Over LinkedIn
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Viadeo Group, owner of China’s largest online networking site for professionals, said it may sell shares to the public “soon” to help fend off any challenge in China from bigger global rival LinkedIn Corp.
Viadeo started discussions with bankers earlier this year and will probably decide whether to do an initial public offering in the next month, Derek Ling, chief executive officer of the Paris-based group’s Chinese site, Tianji.com, said in an interview at his office in Beijing today.