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|Renren and MSN China Announce Strategic Cooperation|
BEIJING, Aug. 24, 2011 /PRNewswire via COMTEX/ --
Renren Inc. (NYSE: RENN) ("Renren" or the "Company"), the leading real name social networking internet platform in China, and Shanghai MSN Network Communications Technology Co., Ltd. ("MSN China"), who runs the online business for Microsoft in China, today 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.
According to the strategic agreement, 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 Mr. 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," commented Mr. Jiarong Chen, Deputy General Manager of MSN China.
About Renren Inc.
Renren Inc. (NYSE: RENN) operates the leading real name social networking internet platform in China. It enables users to connect and communicate with each other, share information and user generated content, play online games, listen to music, shop for deals and enjoy a wide range of other features and services. Renren's platform includes the main social networking website Renren.com, the online games center game.Renren.com, the social commerce website nuomi.com, and the newly launched professional and business social networking service website jingwei.com. It had approximately 124.2 million activated users as of June 30, 2011.
About MSN China
In April 2005, Microsoft and Shanghai Alliance Investment Co., Ltd. co-founded Shanghai MSN Network Communications Technology Co., Ltd. in Shanghai. It operates a full range of online services and software products offered by the Microsoft Online Services Group. These online service brands include MSN, Windows Live and Bing. In China, through in-depth cooperation with local partners and continuous innovation, it provides Internet users with comprehensive integrated Internet services, including an MSN Chinese portal (http://cn.msn.com), instant messaging (Messenger), Bing search, mobile Internet service and client-end applications.
Renren Inc.--Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the business outlook and quotations from Renren's management in this announcement, contain forward-looking statements. Statements that are not historical facts, including statements about Renren's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement.
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