China does not have Facebook

The headline has two layers of meaning, first of all, Facebook is a non-existent site in China, and second in China there will be no dominant social networking site like Facebook. Qihoo 360 to the NYSE listing to the Americans to tell the story of China's Facebook, which is a bit far-fetched more from the user coverage, and Renren to the NYSE listing again to the Americans will be China's Facebook story, do not know Chen Yizhou will hate Zhou Hongyi rob their own lines, Other Americans will wonder why so many Facebook in China.

Facebook and MySpace are not doing well abroad for no reason, and Yahoo, Google and Microsoft have not found a way to socialize before, and they haven't been quick to imitate or intercept when Facebook is growing fast. By this blank market and good product performance quickly wings plump. At home, because of the popular copy from US, start-up companies in the copy, the giant portal can also be copied, not the Giants because of human, capital, resource advantages can be done better, so the Chinese version of Facebook is difficult to achieve greater success.

Chinese netizens are weak social groups, and they are less interested in most social products, and they are more concerned with the applications that can solve the needs. Online communication-qq, online shopping-Taobao, online video-Youku, online information-Sina, and for SNS products most people are three minutes of heat, the passion of the user will be greatly reduced.

Renren is the most successful Facebook China version, but it has been a huge drag from Tencent users, in fact Tencent's QQ is the biggest social tool, because it almost contains a person on the network of all interpersonal relationships. After the emergence of SNS concept Tencent quickly launched SNS Community products, and the weight of its products QQ space for a substantial improvement. Tencent's social products can cover almost all Chinese netizens (492 million), while Renren's disclosure of user data is only 117 million, an irreparable quantitative gap.

Looking back, is Renren really China's Facebook? Users account for only One-fourth of the total number of Chinese netizens, while Facebook has more than 500 million users and is distributed around the world. Facebook achieved a net profit of 350 million dollars in the first 9 months of 2010, while annual revenue grew by more than 100%, while Renren's prospectus disclosed a net loss of $123 million trillion in revenue over the past two years. Although Facebook is not listed but the profit trend is bullish and Renren is on the market but losing money, it is hard to see Renren becoming a day for China's Facebook, not just a similar look but a very dominant national SNS.

Source: XJP submission, original link.