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Edition: U.S. Article Comments (0) Follow Reuters Facebook Twitter RSS YouTube Read Casey Abrams proves too quirky for "American Idol" 28 Apr 2011 UPDATE 10-Tornadoes tear across US South, killing over 300 28 Apr 2011 Exclusive: Facebook investors look for exits 28 Apr 2011 Wedding broadcast expected to set viewership record 28 Apr 2011 U.S. says Gaddafi troops raping, issued Viagra: envoys 28 Apr 2011 Discussed 141 Obama sees no magic bullet to push down gas prices 94 White House releases longer Obama birth certificate 56 Factbox: Arizona-style immigration crackdowns in U.S. Watched Fire ants form rafts to defy floods Tue, Apr 26 2011 Nokia announces layoffs, outsourcing Wed, Apr 27 2011 Alabama tornado damage Thu, Apr 28 2011 Renren revised IPO filing shows slower user growth Tweet Share this NEW YORK (Reuters) - In the run-up to one of the hottest social media IPOs of the year, China's Renren Inc lowered the number of users it said it gained in the first quarter of 2011, raising questions about the rest of the information it provided to... Email Print Related News Sony faces global legal action over data theft Thu, Apr 28 2011 China's population grows older and more urban Thu, Apr 28 2011 Furor at Sony after hackers steal Playstation user data Wed, Apr 27 2011 Morgan Stanley trading turnaround makes progress Thu, Apr 21 2011 Air Lease rises in NYSE debut in sign of recovery Tue, Apr 19 2011 Analysis & Opinion What happened to B shares? Tech wrap: Sony admits PlayStation Network privacy breach Related Topics Technology » Deals » Global Deals Data 2011 Q1 » Media » China » NEW YORK | Thu Apr 28, 2011 8:27pm EDT NEW YORK (Reuters) - In the run-up to one of the hottest social media IPOs of the year, China's Renren Inc lowered the number of users it said it gained in the first quarter of 2011, raising questions about the rest of the information it provided to investors in official filings. According to the revised filing on April 27, the Chinese Facebook clone's monthly unique log-in user base grew by only 5 million, or 19 percent, in the first quarter of 2011 -- not the 7 million, or 29 percent, it reported in its first filing. The difference came as the company, in its revision, said it had 26 million monthly unique log-in users in December 2010 -- the month before the quarter began -- after having originally put the number at 24 million. Although bankers brush off concerns about the data and statistics provided by the frothy Chinese technology sector, Renren's revision highlights a broader trend of opaque reports Chinese companies provide to potential investors who are clamoring to profit from the booming pace of Internet expansion in China. China's Internet sector -- the world's largest by users -- is red hot because it is difficult for outside competitors to overcome the political and cultural barriers to operate there, and some analysts warn of a bubble. Renren, whose investors include private equity firm General Atlantic, hopes to tap the strong appetite for Chinese tech stocks and raise up to $584.1 million in an IPO next week. It is one of the first of a handful of Chinese "Facebooks," including Kaixin001, that are looking to boost their profile with U.S. listings. Renren was not immediately available for comment. Morgan Stanley, Deutsche Bank Securities and Credit Suisse are leading the underwriters on the Renren IPO. (Reporting by Alina Selyukh and Clare Baldwin; Editing by Gary Hill) Technology Deals Global Deals Data 2011 Q1 Media China Tweet this Share this Link this Digg this Email Reprints We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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