On May 4 renren.com went listed in American New York Stock Exchange successfully. Its stock code is RENN. And the initial opening price is 19.5 US dollars, 39 percent higher than IPO price. The CEO of renren.com was interviewed that day and said frankly that the process of going listed was frustrating. He also expressed that renren.com could go beyond Facebook over the products completely.
I agree with him that the process of going listed was frustrating. But I doubt that whether renren.com can go beyond Facebook completely. Renren.com is thought as China’s Facebook. And in the Chinese internet industry many people know that renren.com copies most of the Facebook from the web site design to the business model. And often it is called Copy to China model. So it is completely incredible to say that renren.com can go beyond Facebook. Can a copycat ting go beyond the original? No!
Now there are many comments in China about renren.com. Some ordinary net citizens criticized renren.com that it should be shameful for its copycatting Facebook. And other observer expressed their worries about the new round internet bubble. Renren.com is just one dotcom companies in China who plan to go listed in America in May.