Why Renren fails to be Facebook of China?
Almost all the college students know about a social network, Renren. Advised by senior students, freshmen’s first thing after paying tuition fee is to register on Renren. Because of the college background, and the real-name system, Renren was ever called Facebook of China. When Renren went public in the US one year ahead of the US social network, investors gave it a valuation multiple of more than double what Facebook traded at in private markets. However, since that listed 2011, […]