According to reports in local media, Chinese lifestyle information website is planning to acquire its counterpart for over CNY10 million.

A representative from has confirmed the news and said the two parties have reached an agreement and the deal will be published soon.

The representative revealed that the two companies have been talking about the cooperation for a long time. At present, the performance of is unsatisfactory and is considering business expansion. On the completion of the acquisition, the two websites will implement service integration.

Founded in February 2005, is now a leading lifestyle information platform in China and it has opened branches in 343 cities across the country. is a subsidiary of the Chinese Internet company 263 Network Communication Co. Ltd. Entering the Internet sector in 1999, 263 Network Communication announced plans to demerge eight services formerly belonged to in 2006. After that, shifted to a lifestyle information website.