By sonic0002
via pixelstech.net
Submitted: Nov 23 2012 / 05:55
Yizhou Chen, CEO of China's SNS community Renren, shouted "one war, three battles". We do not know now how the battle progresses. Currently Renren's net market value is $1.3 billion where 900 million of them are in cash, it means the market values Renren 400 million US dollars only which is far lower than Facebook. Why cannot Renren be China's Facebook? This is a very interesting topic, many users share their opinions, Some of the main points are summarized as follows:
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