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Facebook’s Potential IPO Filing Pushes RenRen Shares Up 50%
The Wall Street Journal reported that RenRen’s (NYSE:RENN) shares spiked more than 50% on the NYSE over the past two days, piggy backing off the monstrous valuation set for Facebook’s prospective IPO. It last closed at US$5.55,...
- Posted 477 days ago
Seriously, Do We Need That Many of Tumblr? The New Players Include RenRen and NetEase
We did a roundup about Chinese liker/copies of Tumblr last month, but certainly, the love to Tumblr has not come to the end. Three new players are now in the market, including the leading Chinese social network,...
- Posted 624 days ago
Renren Signs Agreement with MSN
Today in Shanghai, Reuters reported that Renren one of China’s dominant social networks, signed an agreement with Microsoft’s MSN messenger to co-operate. The co-operation centres on enhancing the integration between the two services. Both platforms will have...
- Posted 639 days ago
If RenRen is Not Chinese Facebook, What is? Kaixin, Sina Weibo Or Douban
RenRen claims itself as Chinese Facebook, but as we look closer into the Beijing based company, in many ways, it is not as successful as its U.S. counterpart . We have discussed these in previous posts, Thoughts On...
- Posted 695 days ago
Renren First Financial Report Since IPO – Loss Narrow
Renren‘s share price has been tumbling since its mega size IPO. Investors worried if they have been paying too much for the so-called Chinese Facebook. It went as low as US$6.55 last Friday, more than 50%...
- Posted 702 days ago
Kaixin IPO in 2 months
Kaixin, a leading social network in China, will be going for IPO in the U.S. in two months, said an investment banking source. “They have finished every procedures. They are ready to go,” said the source, “They...
- Posted 737 days ago
Renren Almost Dropped Below Its IPO Price
In just four trading days, Renren dropped almost below its IPO price. Yesterday, the stock fell another 8% to close at US$14.75, which is almost equal to IPO price of US$14. The so-called China’s Facebook seems to be...
- Posted 744 days ago
Western Web Companies and their Chinese Equivalents: Part 1 (infographic)
This is Part 1 of a series that explores the companies of the Chinese web. Within China, the world’s largest internet population, lies an internet ecosystem similar to that in the West. At times, the Chinese web can...
- Posted 788 days ago