As you all know, the world’s biggest social network was created by a bunch of graduates from a prestigious university. And you’re all thinking Facebook, right?
We’re talking about Renren.com, China’s leading social network, with more than 160 million users.
Its main competitor, Kaixin001.com has around 93 million.
Their main advantage over Facebook is, well, that Facebook is blocked by government in China.
What these two social networking giants offer, in terms of service, is basically the same as Facebook, but tailored for the Chinese market, as Donna li, GM at Renren explains.
Since 2009, Chinese social networks haven’t had competition from Facebook or other international firms, due to the restriction put in place by the government.
However, now might be a good time for a change.
Read the full story on Businessweek.