China's Social Network

Here is a interesting story about China's number one social network site. What makes this interesting is that this site titled Renren is the only social net work site allowed in china. The article explains plans for the new price on buying shares for the new site. However, the real reason I posted this is because i think this site is going to have real power one day. China has enormous reach with its 1.3 billion population. This site has the potential to become the top social net work site in user-ship. So tell me, do you think a site like this could surpass facebook someday?

http://techcrunch.com/2011/05/04/chinese-social-network-renren-prices-743m-ipo-at-14-per-share-at-high-end-of-range/