Chinese Facebook sends request for capital

The IPO of Renren.com, the largest social networking site in China, offers investors the opportunity to buy into the world's most populous internet market, where social networks are highly regarded.

Social networking is not a new phenomenon in China. Guanxi, or social connections, have long been at the heart of the country’s complex social order and are considered important in every realm of Chinese society, from the rarefied heights of officialdom to everyday street life.

It should therefore come as no surprise that one of the world’s first social networking websites to go public hails from China. Renren, a booming Chinese Facebook clone, is preparing...

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