Renren
| Renren | |
|---|---|
| legal form | Corporation |
| ISIN | US7598921028 |
| founding | December 2005 |
| Seat | Beijing , People's Republic of China |
| management | Joseph Chen , Chairman and CEO |
| Number of employees | 1570 |
| sales | $ 83.4 million |
| Branch | Social media |
| Website | www.renren.com |
Renren (Chinese: 人人 网; Pinyin : Rénrénwǎng, 'network for everyone') is a Chinese social networking site . Renren is only active in China and benefits from the blocking of Facebook by the Chinese authorities. It is estimated to have around 160 million members in February 2011 and rival the Chinese Internet companies Baidu and Tencent in the Chinese Internet advertising market.
history
The company goes back to the Xiaonei (校内 网, xiàonèiwǎng = campus network) founded in December 2005 by Wang Xing (王兴), Wang Huiwen (王慧文), Lai Binqiang (赖斌强) and Tang Yang (唐 阳).
In October 2006, Xiaonei.com was bought by the Chinese Internet consortium Oak Pacific Interactive (OPI), which operated a similar network called 5Q. Xiaonei became the most popular SMS service for Chinese students, running a service called Renrenzhuomian (人人 桌面, Rénrén zhuōmiàn = desktop for everyone), which is more popular than Facebook chat.
In August 2009, Xiaonei changed its name to the current name.
Today the company is majority owned by the Chinese Internet group Oak Pacific Interactive. On May 4, 2011, the company went public on the New York Stock Exchange ; the company raised $ 743 million.
literature
- China is hooking on the Web 2.0 hype . ( Memento from February 22, 2011 in the Internet Archive ) In: Financial Times Deutschland , February 21, 2011
Web links
- Official website
- Facebook hype in China - Renren.com wants to go public . The shareholder online
- Ranking Alexa
Individual evidence
- ↑ renren-inc.com
- ↑ marketgeek.net ( Memento of the original dated November 30, 2011 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ Renren Announces Unaudited First Quarter 2011 Financial Results
- ↑ ft.com
- ↑ Josh Halliday: 'Chinese Facebook' Renren raises $ 743m with US flotation. In: guardian.co.uk. The Guardian , May 4, 2011, accessed July 23, 2011 .
