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Renren
Type Public (NYSERENN)
Foundation date December 2005 (2005-12)
Headquarters Beijing, People's Republic of China
Area served China
Founder(s) Wang Xing, Wang Huiwen, Lai Binqiang
Industry Social networking service
Website http://renren.com/
Alexa rank negative increase 141 (February 2013)[1]
Advertising Banner ads, referral marketing
Registration Required
Available in Chinese language
Current status Active

The Renren Network (Chinese: 人人网; pinyin: Rénrénwǎng; literally "Everyone's Website"), formerly known as Xiaonei Network (Chinese: 校内网; literally "on-campus network") is a Chinese social networking service that exists as the Chinese remake of Facebook.[2] It has been called the Facebook of China, popular amongst college students.[3] In February 2011, Renren made a pre-IPO announcement that it had 160 million registered users.[4] Later, in April 2011, it had to update its statement accurately to "a total of 31 million active monthly users."[5] Renren Inc. has its headquarters in Chaoyang District, Beijing. Renren also has offices in Shanghai and Guangzhou.

Contents

History [edit]

Xiaonei was founded by Joseph Chen in 2005. Chen, a graduate of the University of Delaware, Stanford Business School and MIT, remains the chairman and CEO.[6] In March 2008, Xiaonei launched its WAP version, which users can access through mobile phones.[7] Xiaonei features an instant messaging service (Rénrénzhuōmiàn, Chinese: 人人桌面) designed typically for its users using XMPP, which is more popular than Facebook chat.[8]

In August 2009, Xiaonei officially changed its name to Renren, as well as its domain to www.renren.com。And also, the logo has changed from the chinese word"xiaonei" to the chinese word"renren"(everybody,in chinese words, it is "people"and "people"),and two words are crossing each other, means this website was created to become a easier platform for people to communicate. This name change from 'inside the school' (Xiaonei 校内) to 'everybody' (renren 人人) reflected the expansion aspirations held by Oak Pacific - no more a network dedicated to students but the biggest Chinese social network website, which spreads throughout the society.[9]

In April 2011, the company filed with the SEC to raise $584 million in a US IPO,[5] offering Renren stock on the New York Stock Exchange. The company reported 2010 revenue of $76 million USD.[10]

At the beginning of creating "renren.com", and users were only able to use specific IP address from specified colleges.This action was to encourage all the users to use their true names to post blogs and pictures.

Corporate affairs [edit]

Renren Inc. has its headquarters on the 23rd floor of the Jing An Center (S: 静安中心, T: 靜安中心, P: Jìng'ān Zhōngxīn) in Chaoyang District, Beijing. Renren has its Shanghai office in the SOHO Zhong Shan Square (S: SOHO中山广场, T: SOHO中山廣場, P: SOHO Zhōngshān Guǎngchǎng) in Changning District, Shanghai. Renren has its Guangzhou office in the China Shine Plaza (S: 耀中广场, T: 耀中廣場, P: Yàozhōng Guǎngchǎng) in Tianhe District, Guangzhou.[6]

Open Platform [edit]

In July 2007, Xiaonei officially facilitated its Open Platform, allowing third parties to integrate with platform by rendering modifications and adding functionalities. The APIs Xiaonei listed are quite similar with those Facebook provided, and some of Xiaonei's developers are developing based on the SDK of Facebook.[7][8][9]

Privacy Policy [edit]

Renren has a privacy policy to preserve personal information. Different privacy levels for profile, contact info and blogs can be modified in the privacy settings, thus others that fail to match the privacy requirements cannot browse the specific information or contents of a given user.

In April 2008, SoftBank bought a 14% share of Xiaonei, becoming its largest shareholder. As a result, a rumor came out that “the personal data of millions of Chinese college students on Xiaonei will be exposed to the Japanese since the Japanese company became the boss of Xiaonei". Soon, such claim was spread all over various popular forums, QQ groups, and social networking sites like Xiaonei. Later, Xiaonei declared the denouncement towards its rivals for slander and denied what had been described in the rumor.[10]

Privacy Leakage April 2011 [edit]

On April 29, 2011 a number of Renren users received a personal message saying that there's someone loving you, along with a piece of malicious code, providing the user's ID, name, school, birth date, cell-phone number, MSN, etc. to a third-party website. Such personal message exploited a bug of Renren and a built-in automatic-forwarding feature. So a great number of users were affected. On the next day, such news was reported by major IT news websites in China but those articles were removed. Only a series of screenshots,[11][12] a short statement[13] and a piece of attacking code[14] survived. The community has criticized Renren's reaction towards this event. They did not clarify what happened to its users or to the media, but tried to delete the data and also made use of its public relationship team to delete the posts on every IT news websites. This is probably related to its recent IPO filing.

Functions [edit]

Renren is a typical SNS with a variety of functions with its own characteristics. Most functions are just the same as those in Facebook, so Renren is also called "Chinese Facebook". In general, it is updated once or twice a year when the system's functions require rectification and further development. In addition, it changes the web page's design on special days, like Spring Festival or National Day.

Profile [edit]

As Renren mainly caters for college students, the key information to make one’s identity effective is college, high school, middle school and hometown. At present, 32,000 universities and colleges, 56,000 high schools and 85,000 companies in China and 1,500 universities in 29 other countries are available on Renren’s confirmation system. The social networks for each of these specified colleges, schools and companies have been established. In the additional section of personal profiles, users can also put on information about their contact information, hobbies, favorite music, movies, the clubs they joined, etc. To personalize the profile, Renren has also developed functions to edit profile music and background.

Friends [edit]

Registered users can add friends to the friend list. By specifying educational information in the profile, a user can easily find other users. Users can be also affiliated with groups (usually an existing class, school or organization).

Applications and censorship [edit]

There are some common kinds of expressions on Renren, such as renewing the mood (lit. updating personal state), blogging, voting and sharing others’ blogs. In addition, users upload photos and share photos, articles and external links (usually videos). Leaving a message or commenting on photos, blogs, status, etc. is quite commonly seen; the interacting users leaving and replying to messages is considered a prominent instance of basic communication on Renren. Activities can be held online by calling on friends to participate. There are also several peripheral applications, such as online mini games, regular games, doggies, testing, parking lot, and selling and buying of friends.

However, Renren’s censorship is fairly strict, especially to sensitive keywords in the blogs, compared with other SNS websites in China. Blog entries containing keywords like Tiananmen Square massacre, Falun Gong and Zhao Ziyang cannot be released. Others that are suspected to be related to political topics, obscenity or thrillers are manually censored by administrators, delaying or blocking their release.

Academic Studies [edit]

Unlike many other social networks, Renren has collaborated with academic researchers to understand the growth and structure of its user community. The results have produced several academic publications. One of the first studies [15] studied the Renren social graph structure and found it similar to prior studies of Facebook's social graph. The study also used Renren's unique feature, a per-user "recent visitors" log, to create an anonymous history of users and how they browse each other's profiles, which was the first of its kind. A second study [16] detailed the process of analyzing and improving detection of fake users (also called Sybil accounts) on Renren.

Points and levels [edit]

Renren users earn "points" for various activities, such as logging in regularly, posting updates, and receiving comments and replies from contacts. As users earn points, their "level" on the website increases, and at certain levels users gain extra privileges such as access to additional emoticons, skins for their profile, and the ability to view other users' profiles without their knowledge.[17] Alternatively, users can gain access to all privileges by paying a monthly fee to become a VIP user.

Xiaoneidou [edit]

The Xiaoneidou, or Xiaonei beans (校内豆), is the virtual currency on Xiaonei. Due to some functions charging users fees, Xiaoneidou can be used to purchase gifts, commence the Purple Bean service (紫豆服务), exchange for game coins and advertise. 1 RMB is equivalent to 1 Xiaoneidou.

Kaixin [edit]

Renren's parent company, Oak Pacific Interactive, launched a Chinese copy of Kaixin001 called Kaixin. On September 29, 2010, Oak Pacific announced it would integrate Renren with Kaixin.[18] Users can use the same username to log into Renren and Kaixin. Kaixin used the same layout as Kaixin001.

On April 11, 2011, Renren was found guilty of infringing on Kaixin001's rights and ordered to pay 400,000 yuan to its rival. Kaixin001.com announced on April 26, 2011 that it had appealed the April 11 ruling as it was unsatisfied with the amount of compensation as well as the lack of change regarding Renren's usage of Kaixin.com. It also demanded an official apology.[19]

See also [edit]

References [edit]

Footnotes [edit]

  1. ^ "Renren.com Site Info". Alexa Internet. Retrieved 2013-02-24. 
  2. ^ Renren, China's 'Facebook,' Raises $740 Million in IPO. 4 May 2011. Wired. Retrieved 18 June 2011.
  3. ^ Davidoff, Steven M. (May 31, 2011). "Investor Hunger for Foreign Tech Stocks Overrides Risk". The New York Times. 
  4. ^ Renren plans US listing this year, a February 20, 2011 article from The Financial Times
  5. ^ Chao, Loretta (April 29, 2011). "Renren Lowers Key User Figure Before IPO". WSJ.com. Retrieved 2011-04-29. 
  6. ^ "Contact Us." Renren Corporate. Retrieved on November 19, 2012. "Renren Inc. Beijing Headquarter 23/F, Jing An Center No.8 North Third Ring Road East Chao Yang District, Beijing" and "Room 1112,SOHO Zhong Shan Square, 1065 Zhong Shan West Road, Shanghai, 200051" and "Room A4001, China Shine Plaza, Linhexi Rd, Tianhe District, Guangzhou" - Chinese: "北京市朝阳区北三环东路8号静安中心23层" and "长宁区中山西路1065号11楼12室(SOHO中山广场B幢) 200051" and "广州市林和西路9号耀中广场A塔40层4001-4003"
  7. ^ 校内开放平台 Wiki
  8. ^ Facebook Developers
  9. ^ 校内群组 - PHP开发Xiaonei应用库v1.0发布,是基于facebook php5库
  10. ^ 雷总管直面校内网CEO陈一舟,谈校内网被日本软银收购一事
  11. ^ http://i.imgur.com/4r3FN.png
  12. ^ http://i.imgur.com/NCUi5.png
  13. ^ http://page.renren.com/699131345/note/724338594
  14. ^ http://pastebin.com/qKrbvGFF
  15. ^ Jing Jiang; Christo Wilson, Xiao Wang, Peng Huang, Wenpeng Sha, Yafei Dai, and Ben Y. Zhao (November 2010). "Understanding Latent Interactions in Online Social Networks". Proc. of Internet Measurement Conference (IMC). Melbourne, Australia. 
  16. ^ Zhi Yang; Christo Wilson, Xiao Wang, Tingting Gao, Ben Y. Zhao, and Yafei Dai (November 2011). "Uncovering Social Network Sybils in the Wild". Proc. of Internet Measurement Conference (IMC). Berlin, Germany. 
  17. ^ "成长体系介绍 (Introduction to the maturation system)". Renren. Retrieved 2011-06-20. 
  18. ^ Oak Pacific To Integrate Two Chinese Social Media Websites
  19. ^ Kaixin 001 seeks more compensation GlobalTimes

External links [edit]


Original courtesy of Wikipedia: http://en.wikipedia.org/wiki/Renren — Please support Wikipedia.
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21074 news items

International Business Times

International Business Times
Mon, 20 May 2013 14:43:12 -0700

Renren Network (NYSE:RENN), the company that owns Renren.com, China's imitation Facebook, has lost money again in Q1 of 2013. With its downfall since completing its IPO in 2011, many are now comparing China's Facebook to, well, Facebook.
 
Motley Fool
Tue, 14 May 2013 10:06:01 -0700

It's not fair to call Renren (NYSE: RENN ) the Facebook (NASDAQ: FB ) of China, but mostly because it's a disservice to both companies. China's leading social networking website operator posted better-than-expected quarterly results last night. Net ...
 
SBWire (press release)
Mon, 20 May 2013 08:25:10 -0700

Huntington Beach, CA -- (SBWIRE) -- 05/20/2013 -- PSPicks.com provides its subscribers with a free newsletter that reports up to the minute information and exclusive charts on cheap, undervalued, hidden, and undiscovered stocks traded on the NASDAQ, ...
 
Wall Street Journal (India)
Mon, 13 May 2013 17:03:12 -0700

Renren reported a first-quarter loss of $3.2 million, or a penny an American depositary share, compared with a year-earlier loss of $13.6 million, or three cents an ADS. Stripping out stock-based compensation, amortization and impairment of intangible ...
 
Businessweek
Fri, 17 May 2013 14:55:42 -0700

Social-media provider Renren slumped the most in a month this week after forecasting sales for this quarter at least 8 percent below the median estimate. Bank of America Corp. and JPMorgan Chase & Co. cut their 2013 Chinese growth predictions to 7.6 ...
 
optionMONSTER Research (blog)
Fri, 17 May 2013 00:30:00 -0700

Renren is drawing bullish option action for the second time in as many weeks even as shares of the Chinese social-media company continue to falter. optionMONSTER's Heat Seeker system detected the purchase of 3,000 October 2.50 calls in less than 2 ...

Tech in Asia

Motley Fool
Fri, 10 May 2013 08:11:10 -0700

Next Monday, Renren (NYSE: RENN ) will release its latest quarterly results. The key to making smart investment decisions on stocks reporting earnings is to anticipate how they'll do before they announce results, leaving you fully prepared to respond ...
 
Barron's (blog)
Tue, 14 May 2013 06:24:49 -0700

Emerging Markets Morning Roundup: India's Inflation Slows; Renren Surges on Earnings. Email; Print. smaller; Larger. By Ben Levisohn. The European Union said it could investigate two Chinese telecom companies for unfair trade practices, the Wall Street ...
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