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Detailed text transcripts for TV channel - CNN - 20110505:08:36:00

They are the folk there ringing the bell from renn renn. that s china s answer to facebook. it head its debut on the exchange wednesday. shares in the country were offered for sale at $14 apiece. that was at the top end of expectations and it raised just less than $750 million for the country. at the sloclose, it was up $4.0. we spoke to joseph chen about renren s success going forward. we 50 using a quarter of a user base. we have a lot of room to grow. in the days to come. and most importantly, china s ....

China S , There Ringing The Bell , Exchange Wednesday , Now Mongolia , 750 Million , 4 0 , 50 Million , User Base ,

Detailed text transcripts for TV channel - CNN - 20110505:08:37:00

Going to a sweeping innovation on the mobile internet space. when very low cost smartphones penetrations are going very fast. we experience rapid growth on the mobile internet space. that s where we re going to focus our strategy on and we re going to launch our largest open platform in china to help us do that as well. certainly investors in the u.s. in love with the china story at the moment. renren stock jumped pretty much in line with the other chinese ipos. let s take a look at some of the booming chinese internet stocks over the longer term. i mentioned dangdang there. ....

Mobile Internet Space , China S , Internet Stocks ,

Detailed text transcripts for TV channel - CNN - 20110504:08:03:00

Jpy at 81.01. investors could be quite happy about it actually if you look at what s been happening around the rest of the region this day. the hang seng hong kong dropping thanks to commodity prices. the slide has gone on pretty much this week. speculation mounts. that s the damage that caused it. hang seng down 1.35. shanghai down 2.23%. it is quite sensitive to move on any commodity sort of prices. one item of asia-related market news we need to tell you about, and that is renren. the social networking company was expected to price after the market closed on tuesday. that s now expected to take ....

Hang Seng Hong Kong , 81 01 , Commodity Prices , Speculation Mounts , Market News , To Asia , Hang Seng , 2 23 , 11 35 , Social Networking Company ,