Renren.com (Renren.com) was established in May, 1999. On March 15, 2000, renrenMediaHoldingLtd, the parent company of Renren.com, Hong Kong, acquired 82% equity of Anjia Group Co., Ltd (code: 0059), and changed its name to renrenMediaLtd, thus realizing the shell listing. News Corp. invested 230 million yuan in Renren Media, holding 14% equity, and J.H. Whitney Co, the oldest venture capital company in the United States, holds 2 1% equity. On May 22nd, Renren Media began to be officially listed on the main board of Hong Kong, and since then it has acquired three websites: Miracle Network, 360 Panorama Network and China Employment Network. In 2000, Renren's website was very limited, and the slow growth of user traffic limited the growth of total advertising revenue. The tiny advertising revenue was only a drop in the bucket for the rising cost. Moreover, because its overall audience is unclear, too broad, the user scale is small, and its commercial value is greatly reduced. On the morning of 2001February 16, Renren Media, with the stock code of 0059 in Hong Kong, was suspended due to the request of the controlling shareholder to sell its controlling shares. This day is less than two years since I got my first venture capital. In February, 2005, Renren.com was once again given life by Thousand Oaks Chen Yizhou, completing a six-year cycle. Castle Peak is still there, but the situation has changed. Six years later, the network environment and netizens' dependence on the network are far from the same. Six years later, life consumption also stands out from the demands of various Internet. On May 18, 2006, Renren.com cut into "consumer information" with the idea of "locals, new discoveries" and raised a new battle horn. When the profitability of WEB2.0 was generally questioned, Thousand Oaks Interactive Group, an Internet tycoon, revived Renren in a high-profile way, and its ambition was self-evident. Almost silently, Renren.com's unique yellow villain logo has been launched in 33 cities across the country. But unfortunately, after more than half a year, Renren. Due to the slow development, com stopped eating again at the end of March 2007. In July 2009, Thousand Oaks Group renamed its famous campus network Renren.