Renren Achieves Profitability
China Daily, 9/16/09
CEO Joe Chen of Oak Pacific Interactive revealed recently that Oak Pacific's social-networking site (SNS) Renren (formerly "Xiaonei") has already broken even, and is now profitable. Chen said that although Oak Pacific is now qualified to go public, it has no plans to do so.
Renren is home to nearly 80 mln registered users, of whom more than 40 mln have registered using their real names.
Keywords: profit Joe Chen Internet SNS Oak Pacific registered users Renren
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