There has been talk of this for months but it’s now official. Ren Ren, the Facebook-like social network of China is going public with a valuation $4.3 billion. What’s really interesting is that this IPO might illustrate what would happen if Facebook, Twitter or any other major social media business were also to go public.
Never heard of Ren Ren? Read more at Business Insider.
Ren Ren is not the only social network in China and Fast Company took an in depth look at the networks and their effects on Chinese culture.