Chinese Facebook Replica TongXue Raises $6 Million

Posted Mar 9, 2009

TongXue is a Chinese social network that is similar to Facebook.  Even the homepage looks just like Facebook, but with different colors.  TongXue means “classmates” in Chinese.  TongXue has raised about $6 million in a new round of funding according to paidContent.

One of the investors includes Tano China Private Equity Fund.  Tano was started by Charles “Chuck” Johnson, the former co-President of FranklinTempleton Investments. TongXue was originally called FaceRen.com.

“The investment by the Tano China Private Equity Fund I is designed to provide expansion capital for TongXue, which is well positioned in the rapidly growing internet oriented social networking space in mainland China,” stated Chuck Johnson.