Social networking site Kaixin001 achieved 380 million yuan ($60.33 million) in sales revenues last year, up 41 percent compared with the previous year, said Guo Wei, vice president of the company.

Currently, the website has 130 million registered users, with nearly 60 million using the site each month, Guo said. Internet advertising and online games are the main sources of its income. This year, the company will focus on e-commerce products and mobile Internet platforms.

Kaixin001's revenues reached 270 million yuan in 2010 and 70 million yuan in 2009.