It was little more than a year ago that China’s Facebook, Renren, went public on the NYSE. Now the spotlight is on Facebook and its debut on NASDAQ.
There’s debate over Renren really is a China Facebook, like Baidu is a Chinese version of Google. Certainly there is a world of difference. Facebook has not entered China while Baidu competed with Google for several years in China.
Renren is the top social networking site in China, while Facebook is a leader is just about every market globally except China. With a market as huge as China’s and with so much market potential for games, social networking and social commerce, Renren’s turf is China.
Facebook likely faces a challenging time if it does enter China. Keep reading this post at Forbes.