RenRen's announces net loss of US$2.6 million

NEW YORK - RenRen.com, known as the 'Facebook of China', has released its first quarterly results since listing on the New York stock exchange in May. The social media firm made a net loss of US$2.6 million, but improving by 75.6 per cent on the US$10.7 million loss recorded over the same period last year.

by Emily Tan