Renren’s Burst Of US Deals Showcases China Tech Going Global

Renren COO James Liu

Renren COO James Liu

Dealmakers David Chao and Joe Chen

Dealmakers David Chao and Joe Chen

China’s social networking site Renren is continuing its strategy of investing in U.S. tech startups with disruptive technology.

Adding to its expanding portfolio, Renren has recently invested $5 million in mortgage marketplace Sindeo, based in San Francisco. See earlier Forbes post on Renren strategy of moving outside its core business, both by market sector and geographic region.

These deals are another sign that China tech is going global.

Read more at Forbes: What Renren’s Sindeo Deal Means.

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