The long drawn-out battle between Renren (NYSE:RENN) and Kaixin over the “Kaixin” brand-name looks like it might have moved to the highly-competitive world of Chinese group buy sites.
Kaixin’s daily deals site – news of which we covered yesterday, as it opened the platform to partners – has a clone called KaixinTuan. Compare the official Kaixin deals site here, with the counterfeit one here.
For the background history, we need to think of “Kaixin” the social network as Kaixin001, which is the URL it owns. Renren – backed by Oak Pacific Interactive – actually owns the Kaixin.com URL, even though it lost the acrimonious lawsuit between the two firms when the former was adjudged to have copied the essence of Kaixin001’s name. Renren’s Kaixin.com site later merged with the main social network, and the URL was decommissioned, but its ownership was retained.
Although that battle is over, the war seems to be ongoing – but now in the deals industry. What’s significant with this development is that the group buy clone’s logo looks a lot like Renren’s visualization of the “Kaixin” brand, as it appears when you type kaixin.com in your browser and you get redirected to renren.com, with an explanatory banner saying the two sites have merged and that your login now works on Renren. See how the two dots form eyes, and a smile suspends beneath the two “i”s:
This could suggest that Renren is actually behind the clone deals site. Of course, it could also mean that the cloner – the shape-shifters that they are – nabbed the design from Renren’s banner because they thought it’d be too risky to steal it from the actual Kaixin site. It’s not clear who owns the kaixintuan.com URL, or whose name is on its mandatory Chinese website license. There are no other clues on the clone site that link it directly to Renren.
In terms of daily deals, Renren has its own challenger in the form of Nuomi, in which it has invested millions of dollars, and holds a major stake. By all recent measures, Nuomi is doing better than Kaixin’s official offering in the fragmented deals market in China.
Penn-Olson reached out to Kaixin for comment, who couldn’t be drawn for a direct quote. But the firm’s response is a phlegmatic one, saying that if the clone provides a good experience, then it reinforces the Kaixin[001] brand, and that users will figure it all out in the end. We’ll update if we hear back from Renren. UPDATE: A Renren representative suggests only that “I think they were inspired by our logo.”
On the wider clone issue, there are – like after some idiot sneezes all over everyone in an elevator – viral outbursts all over the place, such as kxtuan.com, or renrenzhe.com. But only the one identified above has the whiff and suspicion of Renren backing.
In the meantime, hit the comments to tell us if you think this smacks of skullduggery, sabotage, or mere serendipity.









has anybody heard about acquisition between RENREN and the GOOGLE adds +
???
Ebay is looking for a partner for the Chinese market, will it be RenRen, or will Facebook collaborates with RenRen before MicroSoft and Ebay do?.
yes, I heard too that RENREN is close to deal with some of those extremely large partners… look how it ends..
let me know if you have something to share
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OK…I have to check once again, but I guess forthcoming days shall prove that its only a weeks left to big news concerning Renren Inc. Guess why its a furious silence around them now….hmm? If you know something as well pls. let me know too…I gonna be busy these days…Thanks
Yes, please let me know as well.
[email protected]
Thanks!
Renren has an interesting business plan, however their cash flow is weak. It would be interesting to see when they will have a profit of $ 100 million a year for they have a market cap of $ 2 billion. Currently if I am reading their financial report they hardly make any money. It is more of a stock tied to psychological momentum. that is if this happens, and if demand picks up , and if other Chinese internet stocks start to move they will be worth $ 4 billion with no earnings. The real value maybe a Western style established internet company wanting to buy them out or becoming an equity partner to gain market share for the long term. Currently I do not see a large profit coming in. It is another internet company of if’s.