On the pros: It is probably the closest a Chinese internet firm can come to Facebook. Renren has a highly competitive management with much experience in social networks. It has build up a close relationship with (potential) advertisers and is making some money.
On the cons: Renren is not China’s equivalent of Facebook and is facing at home a brutal competitive landscape. And while it might make money in the future, is does not do it yet.
Jeremy Goldkorn is one of the leading voices on China’s internet scene. He is also a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch.