Renren, China’s number one social networking website, reported total net revenues of US$30.4 million in the second quarter, a 53.2% increase from the corresponding period in 2010. Renren’s online advertising revenues were US$16.9 million, representing an increase of 93.8% from the corresponding period in 2010.
One status update on Renren account by the name of Yuqing Fan got over hundreds of thousands of replies, reposts and imitations. A direct translation of the original post by Miss Fan is,
Renren announced its first quarter unaudited financial statements, the first once its public listing. In the first quarter Renren’s total revenue reached USD 20.6 million, up 46.6% compared to Q1 in 2010; its net loss is USD 2.6 million, down 78.5%. Online advertising revenue more than doubled to 8.1 million, benefiting from the increase of […]
Last week at the sixth China Webmasters Conference, Tencent’s product director claimed that, QZone has over 500 million active users with 32.2% market share in China’s social networking market. And, Tencent’s recently launched social networking site Pengyou has over 100 million active users.
eMarketer estimates that 265 million internet users in China will use social networks at least monthly this year, a 28% increase over 2010. By 2015 China will boast 488 million social network users. Growth will taper off as penetration increases.
Tencent last week launched a new social networking website in China called “Peng You” which means “Friends” in English. Pengyou clearly targets two groups of audience, “students” and “white collar workers”. At first login, users will be asked to select which group they belong to: The “students” SNS features come from Tencent’s previous product called […]
Hope this chart gives you a better idea of the top five social networking websites in China.
AppLeap, a social media application consulting firm, released their 2010 report on social media gaming. According to the report, China social networking websites have a total number of 124 million users. 20% chose SNS for online gaming; 34% SNS users login every day.
Huawei has expanded into online social networking business by launching AiMi, another SNS targeting the white collar.
Now, all China Mobile users can register at 139.com. Users currently can manage and send their SMS messages, manage contact book, use free online storage, and play online games. 139.com also provides unlimited email storage.