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	<title>ChinaTechNews.com &#187; Joseph Chen</title>
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	<description>The Technology Source for the Latest Chinese News on Internet, Computers, Digital, Science, Electronics, Law, Security, Software, Web 2.0, Telecom, and Wireless Industries</description>
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		<title>Renren.com&#039;s Pre-IPO Problems May Not Move China Investors To Run Run</title>
		<link>http://www.chinatechnews.com/2011/05/03/13290-renren-coms-pre-ipo-problems-may-not-move-china-investors-to-run-run</link>
		<comments>http://www.chinatechnews.com/2011/05/03/13290-renren-coms-pre-ipo-problems-may-not-move-china-investors-to-run-run#comments</comments>
		<pubDate>Tue, 03 May 2011 05:22:50 +0000</pubDate>
		<dc:creator>ChinaTechNews.com Editor</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Internet]]></category>
		<category><![CDATA[Law & Policy]]></category>
		<category><![CDATA[Derek Palaschuk]]></category>
		<category><![CDATA[initial public offering]]></category>
		<category><![CDATA[ipo]]></category>
		<category><![CDATA[Joseph Chen]]></category>
		<category><![CDATA[Longtop]]></category>
		<category><![CDATA[Renren.com]]></category>
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		<description><![CDATA[In China all media is social, so Chinese Internet social media and social networking website Renren.com's initial public offering planned in a few hours should be smooth sailing. However, the departure of a company director over the weekend and recent inconsistencies in its statistics have caused concern for investors. Derek Palaschuk, chief financial officer of [...]]]></description>
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		<title>Chinese Social Media Site Renren.com Files For IPO</title>
		<link>http://www.chinatechnews.com/2011/04/18/13244-chinese-social-media-site-renren-com-files-for-ipo</link>
		<comments>http://www.chinatechnews.com/2011/04/18/13244-chinese-social-media-site-renren-com-files-for-ipo#comments</comments>
		<pubDate>Sun, 17 Apr 2011 22:51:14 +0000</pubDate>
		<dc:creator>ChinaTechNews.com Editor</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Internet]]></category>
		<category><![CDATA[Cayman]]></category>
		<category><![CDATA[David Chao]]></category>
		<category><![CDATA[Derek Palaschuk]]></category>
		<category><![CDATA[initial public offering]]></category>
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		<category><![CDATA[ipo]]></category>
		<category><![CDATA[Joseph Chen]]></category>
		<category><![CDATA[Li Ruigang]]></category>
		<category><![CDATA[Matthew Nimetz]]></category>
		<category><![CDATA[online advertising]]></category>
		<category><![CDATA[Renren.com]]></category>
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		<category><![CDATA[Yang Jing]]></category>

		<guid isPermaLink="false">http://www.chinatechnews.com/?p=13244</guid>
		<description><![CDATA[Chinese social networking site Renren.com filed plans to sell up to nearly USD675 million worth of shares in an initial public offering in the United States this year. The company, whose founder Joseph Chen is expected to retain about 22.8% of the firm after the IPO, is headquartered in the Cayman Islands. After the IPO, [...]]]></description>
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		<title>Oak Pacific Interactive To Change Name Of Xiaonei.com To Renren.com</title>
		<link>http://www.chinatechnews.com/2009/08/06/10291-oak-pacific-interactive-to-change-name-of-xiaoneicom-to-renrencom</link>
		<comments>http://www.chinatechnews.com/2009/08/06/10291-oak-pacific-interactive-to-change-name-of-xiaoneicom-to-renrencom#comments</comments>
		<pubDate>Wed, 05 Aug 2009 21:33:14 +0000</pubDate>
		<dc:creator>ChinaTechNews.com Editor</dc:creator>
				<category><![CDATA[Internet]]></category>
		<category><![CDATA[Joseph Chen]]></category>
		<category><![CDATA[Oak Pacific Interactive]]></category>
		<category><![CDATA[Renren.com]]></category>
		<category><![CDATA[SNS]]></category>
		<category><![CDATA[social networking service]]></category>
		<category><![CDATA[website]]></category>
		<category><![CDATA[Xiaonei]]></category>

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		<description><![CDATA[Joseph Chen, chairman of Oak Pacific Interactive, has announced that the group will change the name of its social networking service website Xiaonei.com to Renren.com. Chen explained that as more student users of Xiaonei.com leave their schools and more people from different ages join the website, the single alumni service of Xiaonei.com cannot meet demands [...]]]></description>
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		<title>Oak Pacific Takes 23.7% Of eLong&#039;s Floating Shares</title>
		<link>http://www.chinatechnews.com/2009/02/19/8902-oak-pacific-takes-237-of-elongs-floating-shares</link>
		<comments>http://www.chinatechnews.com/2009/02/19/8902-oak-pacific-takes-237-of-elongs-floating-shares#comments</comments>
		<pubDate>Thu, 19 Feb 2009 10:05:16 +0000</pubDate>
		<dc:creator>ChinaTechNews.com Editor</dc:creator>
				<category><![CDATA[Internet]]></category>
		<category><![CDATA[acquisition]]></category>
		<category><![CDATA[eLong]]></category>
		<category><![CDATA[Internet travel]]></category>
		<category><![CDATA[Japan]]></category>
		<category><![CDATA[Joseph Chen]]></category>
		<category><![CDATA[Kaixin.com]]></category>
		<category><![CDATA[merger]]></category>
		<category><![CDATA[Mop.com]]></category>
		<category><![CDATA[Oak Pacific]]></category>
		<category><![CDATA[online travel]]></category>
		<category><![CDATA[SEC]]></category>
		<category><![CDATA[SNS]]></category>
		<category><![CDATA[social networking service]]></category>
		<category><![CDATA[social networking site]]></category>
		<category><![CDATA[Softbank]]></category>
		<category><![CDATA[travel agency]]></category>
		<category><![CDATA[Xiaonei]]></category>

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		<description><![CDATA[Chinese social networking service developer Oak Pacific has acquired 23.7% of the floating shares of Nasdaq-listed travel website eLong.com for USD18.5 million and the two sides are considering business cooperation, says CEO of Oak Pacific Joseph Chen. According to the documents that eLong handed to the U.S. Securities and Exchange Commission, Oak Pacific has bought [...]]]></description>
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