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Tuesday, February 22, 2011

China's Facebook Could Be The Next Big Tech IPO

China's maverick entrepreneur Joe Chen may just have the magic touch for cashing out super rich with the IPO of the Facebook look-alike Renren he runs in Beijing. His venture investors have nearly $500 million riding on a successful public listing this spring on NASDAQ, which could be in the same league as recent Chinese Internet IPO hits Dangdang and Youku.
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