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. Renren Inc. has its headquarters in Chaoyang District, Beijing, with additional offices in Shanghai and Guangzhou. Renren had an $740m initial public offering (IPO) on the New York Stock Exchange in April 2011. Renren, which started as Xiaonei.com, was founded by a group of students, including Wang Xing, Wang Huiwen and Lai Binqiang at Tsinghua University and Tianjin University in December 2005. Joseph Chen, who had himself tried to launch a student community website called ChinaRen as early as 1999 and sold it in 2000, acquired Xiaonei through his new company Oak Pacific in October 2006. More information...
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