SEEKING ALPHA - Dec 20 - Based in China, Renren is often called the "Facebook of China". Renren had completed its IPO back in May 2011. The stock has fallen more than 80% since its IPO. It is the largest social network in China since Facebook is blocked in the country. Renren's other platforms include Game.renren.com, an online games center; Numoi.com, one of the leading social commerce sites in China; and 56.com, a video-sharing website. Last month, Renren reported its 3Q financial results, posting total net revenue of $50.4M, up 47.2% over the same period in the previous year. Online advertising revenue dropped due to increasing competition and continued migration of Renren's traffic from PC to mobile. Renren's other businesses are growing at a brisk pace. Online gaming revenues accounted for half of the company's total revenue.