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 by Staff Writers New York (AFP) Aug 24, 2011
US software giant Microsoft will team up with Renren to integrate their social-networking services in China, the companies announced Wednesday. The two firms announced in a joint statement a "strategic cooperation" between Renren and MSN China, which runs Microsoft's online business in China. Under the deal, Renren and MSN China will share a wide range of applications and services across their platforms, including unified account log-in, content synchronization, and finding and communicating with friends. Renren, whose name means "everyone" in English, was founded in 2005, a year after the launch of Facebook. It is the leading social-networking Internet firm in China, where its US rival is subject to government censorship. Renren reported 124 million active users on June 30 and a sign-up rate of two million new participants a month. The Chinese firm debuted on the New York Stock Exchange in early May. In morning trade in New York, Renren shares were up 1.5 percent at $7.41, while Microsoft fell 0.5 percent to $24.60.
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