中国最大社交网人人在美上市

Long term now, where does Renren go? What's the strategy as you build your company and try and take market share?

Well, we are in the business of the real…er… real name-based social networks and only less than a quarter of the user base, well, only less than a quarter of the Chinese Internet user base are our users. So, well, what we have a lot of room to grow, in the next, in the days to come. And most importantly, Chinese is going through a sweeping innovation on the mobile Internet space, when really low-cost smart phones penetration are going on really fast. So we experienced very rapid growth on the mobile Internet space, and that's where we are gonna focus our strategy on and we are gonna leverage on our largest open platform in China to help us do that as well.

Ok, all right, Mr. Chen, but does your main competition come to you, do you think, from the Facebooks of this world , and other companies that may eventually get access, may eventually, get access or is it more home-grown competition within China do you think?

Well, I think, I think, inevitably, you know, because China market is so big, right? I think inevitably, all the large global Internet companies will be going to China and that's, that's a part of reality because a lot of international companies has come into China, but the landscape in China is very different from other part of the world where the local competition is very strong because the size of the large market allow it, allow local competitors to grow to a very large size, such as you known Baidu and Tencent. All feature $40 to $50 billion market cap with a large user base, very strong financial resources. So in our case, we being in this business for six years now, and we've been growing very rapidly and we think that the, the scalability of a platform as well as the critical mass of user base will allow us to continue to compete very efficiently in the progress of this market.