• Andrew Collins

RenRen Goes US IPO

The “Facebook of China,” could be coming to the U.S. Oak Pacific Interactive, makers of China’s most popular social networking site Renren, is eyeing a U.S. initial public offering, reports Reuters. The company has hired Credit Suisse Group AG and Deutsche Bank AG to underwrite the IPO, which should happen sometime in early 2011.Renren, which has 100 million users, is known as the “Facebook of China,” since in China, the Facebook of the world is banned. (So is Twitter.) Oak Pacific Interactive also owns Nuomi, a Chinese Groupon clone, and Mop, a Chinese MySpace clone.

According to Reuters’s unnamed sources, Oak Pacific is only the first pioneer in the coming U.S. IPO gold rush. TaoMee, a social networking site for kids, and Kaixin001, another social network aimed at younger users, are both planning to list at some point, possibly next year. There were 35 Chinese IPOs this year in the U.S. That figure was a record high, and among the companies were a number of high-tech firms, like Youku, a YouTube clone, and DangDang, an Amazon clone.

You may have noticed a pattern here. A few questions would-be investors might want to keep in mind: In the bizarro parallel universe that is the censored Chinese Internet, do the same rules apply? If one of these sites rubs the Politburo the wrong way, what’s to prevent China from bringing down an iron fist, ruining these companies or their investors? “As long as they conduct their self censorship well, there shouldn’t be any problems,” said one of Reuters’s unnamed sources, an apparent lover of free speech.

For answers and a deeper dive into Chinese social media contact Mailman.

This news was featured in FastCompany.com

#ChinaSNSsites #facebook #renren #Strategy

0 views

Global HQ, China 

1199 Middle Fuxing Road, Building A, 301, Shanghai 200025

+86 21 6445 9899

Info@mailmangroup.com

London

1st Floor, The Windsor Centre

15-29 Windsor Street, London

N1 8QG

+44 203 637 7447

Info@sevenleague.co.uk

APAC HQ
Singapore 

Mailman Pte. Ltd..

5 Shenton Way, UIC Building, #11-S1103 Singapore 068808


(+65) 90263042
Janna@mailmangroup.com

Los Angeles

Gideon Clark
 

+1 216 456 7782 

gideon@mailangroup.com

Case Studies

Consulting

Agency

Regions

About

Careers

Red Cards

Blog

Contact 

Case Studies

Consulting

Agency

Regions

About

Careers

Red Cards

Blog

Contact 

Case Studies

Consulting

Agency

Regions

About

Careers

Red Cards

Blog

Contact 

Case Studies

Consulting

Agency

Regions

About

Careers

Red Cards

Blog

Contact 

  • Instagram - White Circle
  • Facebook - White Circle
  • LinkedIn - White Circle
  • Twitter - White Circle
  • WechatIMG12273
  • weibo-social-logo
  • Instagram - White Circle
  • LinkedIn - White Circle
  • Twitter - White Circle

© 2020 MAILMAN GROUP