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Edition: U.S. Article Comments (0) Follow Reuters Facebook Twitter RSS YouTube Read Air France crash sparks pilot mystery 27 May 2011 UPDATE 1-EU, IMF to judge Greece as protests swell 29 May 2011 French ex-Minister in Libya, would defend Gaddafi 29 May 2011 Drunk badger disrupts traffic 09 Jul 2009 Roadside bomb kills seven NATO troops in Afghanistan 26 May 2011 Discussed 83 Netanyahu speech eyed for sign of U.S.-Israel rift 75 $1 trillion on the table in U.S. debt talks 54 Judge voids controversial Wisconsin union law Watched GM pulls the plug Fri, May 27 2011 Sarah Palin's Rolling Thunder Sun, May 29 2011 Scientists revive ancient spider in stunning 3D detail Tue, May 24 2011 China's LinkedIn, Ushi, eyes big growth over next two years Tweet Share this SHANGHAI (Reuters) - Ushi, China's answer to LinkedIn, hopes to have 10 million users in two years and to raise $5 million in its next round of fundraising, its chief executive said on Monday. Ushi, which means outstanding professionals in Chinese,... Email Print Factbox Factbox: Russia's Yandex ups pricing of Nasdaq IPO Tue, May 24 2011 Related News Sony restoring game network in Asia; to testify in U.S. Fri, May 27 2011 Morgan Stanley allows broker use of social media Wed, May 25 2011 Social phenom Zynga on cusp of mega IPO: report Wed, May 25 2011 Yandex lifts IPO price in Internet frenzy Mon, May 23 2011 Analysis & Opinion Virtual Bitcoins are appealing but probably doomed Tech wrap: Microsoft backs Ballmer Related Topics Technology » Deals » Global Deals Data 2011 Q1 » Inflows Outflows » SHANGHAI | Mon May 30, 2011 3:29am EDT SHANGHAI (Reuters) - Ushi, China's answer to LinkedIn, hopes to have 10 million users in two years and to raise $5 million in its next round of fundraising, its chief executive said on Monday. Ushi, which means outstanding professionals in Chinese, is the dominant professional-social networking site in China with more than 300,000 users. Its website is similar to LinkedIn and has features that allow users to add connections, introduce contacts and send messages. "We're aiming to ultimately serve a very large portion of China's 40 million Internet users who are white collar or entrepreneurs. Call it 10 million in two years," Dominic Penaloza told Reuters. Launched late last year, Ushi is backed by Milestone Capital, Richmond Management, Li & Fung private equity and Simon Murray & Co. The firm is hoping to raise $5 million in its next round of fundraising due to close at end of June. The firm raised 10 million yuan ($1.54 million) in its initial round of fundraising. ($1 = 6.493 yuan) (Reporting by Melanie Lee; Editing by Jacqueline Wong) Technology Deals Global Deals Data 2011 Q1 Inflows Outflows Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Social Stream (What's this?) © Copyright 2011 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Super Lawyers Attorney Rating Service Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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