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Renren in Search of Identity as Its Stock Surges on Lawsuit Settlement

Shares of company once pegged as the ‘Facebook of China’ jumped 45% after settlement of shareholder lawsuit

This article only represents the author's own views.

Giving shareholders something to be excited about has not been a forte of Renren Inc. (RENN.US), whose heady days when it was once billed as the “Facebook of China” are now a distant memory. So the sharp surge in its stock price earlier this month was quite an exception in the Beijing-based company’s decade-long history as a U.S.-listed company.

Whether or not that vigor will last, however, is a different matter.

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咏竹坊

咏竹坊(官网链接)提供在香港和美国上市的manbetx3.0 企业相关新闻,重点关注中小企业和筹备上市的公司。

Bamboo Works (official website) provides news on Chinese companies listed in Hong Kong and the United States, with a strong focus on mid-cap and also pre-IPO companies.

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