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.

What is Renren in China?

Renren, which was once heralded as the ‘Facebook of China’ and later became China’s answer to MySpace after falling out of fashion among its core young users, is selling its social networking business.

Is Renren popular in China?

Renren, founded in 2005, was one of the biggest social networks in the early years of the Chinese internet. In its heyday, Renren had more than 100 million users, and a higher valuation than the country’s then-biggest internet portals, including NetEase and Sina.

What is Chinese version of Facebook?

WeChat
WeChat has now 1.17 billion monthly active users making it the 5th most popular/used social media platform worldwide. WeChat is called the “Facebook of China” due to the similar functions it has with Facebook.

What happen to Renren?

Renren’s revenue declined from $458 million in 2018 to $350 million in 2019, then plummeted to $18 million in 2020. The remnants of the company — which mainly include two tiny SaaS companies in the U.S. — are still unprofitable, and its stock looks ridiculously expensive at 33 times last year’s sales.

Why did China block social media?

The reasons behind the Internet censorship in China include: Social control: the Internet is a means for freedom of speech, and dissemination of campaigns could lead to protests against the government. Sensitive content: to control information about the government in China.

Is Renren still popular?

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. Its stock price has also nosedived, from US$18.01 on that first trading day nine years ago to US$0.94 last Friday.