Renren and MSN China announce strategic cooperation

Renren, a social networking internet platform in China,
and Shanghai MSN Network Communications Technology who runs the online business
for Microsoft in China, announced a strategic cooperation between the two
companies to offer users a seamless integration of their respective social
networking services platforms, bringing social networking to a new level of
user convenience and interest.

Renren and MSN China will share a wide range of applications and services
across the two platforms, including unified account log-in, content
synchronization, finding and communicating with friends, among others.

“We are very excited to be the SNS partner of choice
for MSN China. The strategic cooperation with MSN China is a great example of
how we continue our commitment to offer our users the unrivalled social
networking experience. Both Renren and MSN users will enjoy the convenience and
enhanced services brought by the cross-platform cooperation,” said James Liu,
chief operating officer of Renren.  

“MSN has always been very selective in choosing our
partners in China to ensure we consistently deliver secure, reliable and
innovative online services. Today’s partnership with Renren is another
strategic decision we made to keep that promise to our users, as we benefit
from each other’s competitive strengths and complementary user bases,”
said Jiarong Chen, deputy general manager of MSN China.

Recently, Renren posted
a small quarterly profit as online advertisement segment rose, but forecast
third-quarter revenue largely below market expectations, sending its shares
down 8 percent in aftermarket trade.

For the third quarter, Renren, dubbed as China’s
Facebook, expects to report revenue of $33.5-$35.5 million while analysts were
expecting $35.2 million.

By Team
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