Reid Hoffman Spearheads LinkedIn Charge into China

Reid Hoffman, founder of LinkedIn (NYSE:LNKD) and serial investor in Silicon Valley startups, reportedly met major Chinese internet companies to discuss LinkedIn’s entry into the huge Chinese market. According to a source, Hoffman last week met Baidu (NASDAQ:BIDU), (NYSE:QIHU), Sina (NASDAQ:SINA) and (NYSE:RENN).

The attraction of the Chinese market does not appear to have deterred him from the prospect of facing intense competition from entrenched and similar sites such as,,,, and LinkedIn, a NYSE listed company, describes itself as the world’s “biggest professional social networking” site and has over 150 million members worldwide.

Here’s how shares of LinkedIn are trading now:

Linkedin Corporation (NYSE:LNKD): LNKD shares recently traded at $88.10, up $3, or 3.53%. They have traded in a 52-week range of $55.98 to $122.70. Volume today was 1,878,241 shares versus a 3-month average volume of 2,166,130 shares. The company’s trailing P/E is 797.64, while trailing earnings are $0.11 per share.

To contact the reporter on this story: Alex Capel at

To contact the editor responsible for this story: Damien Hoffman at