After Chinese government and Google had trouble with censorship, Google retreated from Chinese market and Baidu took over the market share where Google used to have.
BIDU made split and it is still growing strong.
Youku, Chinese YouTube site, IPOed last Dec, 2010.
YOKU had mediocre move in the beginning months then has skyrocketed suddenly.
Now, RenRen, (RENN) Chinese Facebook, IPO today.
It aimed to start at 14, and opened the market with 20.
YOKU and RENN financial is crap. They just look very bad bet for now as they are losing so much money every quarter. But the gap of losing money is closing.
Where Facebook is not allowed, RenRen is taking social interaction market in mainland China.
I would say its direct competitor in mobile social interaction is WangWang.
Well, they both are growing strong, mostly because Chinese market itself is growing fast.
(Pie is getting bigger, while RenRen is getting bigger cut in it.)
Let's see how RENN does for the next 3 months.
