You are here

Analysts abandon China's Renren on failed growth

New York

RENREN Inc was touted the Facebook Inc of China when it debuted in New York in 2011. Today, it's looking more like online flameout Myspace.

The stock has lost more than three quarters of its value since 2011 and will drop about 18 per cent over the next 12 months to US$2....

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to