Monday, August 25, 2008

51.com Open Platform to Allow Payments

A senior PR executive for Chinese social networking site 51.com has revealed that the site's open platform will allow third-party cooperative partners to directly charge users for fees, and that in the future the company plans to help "preferred partners" with financing. 51.com will provide a payment system for third-party developers for its platform to allow them to charge fees in "51-coins." After taking a commission for payment processing fees, 51.com will share the money with developers; revenue sharing details have yet to be determined, but it is rumored that it will likely be a 50-50 split.

In the future, 51.com also plans to help third-party developers manage their servers in order to keep servers from being overloaded with high traffic volume generated by the system.
Source:marbridge consulting

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