What is renren used for?

What is renren used for?

The Renren Network (Chinese: 人人网; pinyin: Rénrénwǎng; lit. ‘Everyone’s Network’), formerly known as the Xiaonei Network (Chinese: 校内网; lit. ‘on-campus network’), is a Chinese social networking service similar to Facebook. It was popular among college students.

Who owns Renren?

The company’s largest shareholder is Softbank Group Capital Limited, with ownership of 37%. Joseph Chen is the second largest shareholder owning 25% of common stock, and Oasis Management Company Ltd. holds about 12% of the company stock.

Is Renren popular in China?

When listing on the New York Stock Exchange in 2011, Renren said it was the largest real name social networking internet platform in China. By the end of 2012, the platform claimed 56 million monthly unique logins and 178 million activated accounts. (By comparison, in 2012, China had 573 million internet users).

Do people still use Renren?

Renren’s monthly active users have been steadily dropping in past years, from 57 million at its peak in March 2013 to 31 million as of March 2018, the most recent figures available.

What happened to Renren?

Renren gutted its core business over the past three years. The sale of its investment portfolio sparked an investor revolt in 2018. Renren’s investors recently won a settlement of “at least” $300 million for that controversial sale.

Is Renren a good investment?

Renren Inc finds support from accumulated volume at $28.47 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested. In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock.

What is the alternative to Facebook in China?

WeChat
WeChat is called the “Facebook of China” due to the similar functions it has with Facebook.

Which countries uses Weibo?

Sina Weibo (新浪微博) is a Chinese microblogging (weibo) website. Launched by Sina Corporation on 14 August 2009, it is one of the biggest social media platforms in China, with over 445 million monthly active users as of Q3 2018….

Which country blocked Google?

“The block is indiscriminate as all Google services in all countries, encrypted or not, are now blocked in China. This blockage includes Google search, images, Gmail and almost all other products.