China's social networking site Renren is continuing its strategy of investing in U.S. tech startups with disruptive technology.
Adding to its expanding portfolio, Renren has recently invested $5 million in mortgage marketplace Sindeo, based in San Francisco. See earlier Forbes post on Renren strategy of moving outside its core business, both by market sector and geographic region.
Several of Renren's recent investments are in the financial space and are looking to disrupt traditional practices. Besides Sindeo, Renren has invested in student loans service Social Finance and stock trading site Motif. Like Sindeo, both are in the San Francisco Bay Area.
Taking the board seat for Renren at Sindeo is co-founder and COO James Liu.
These deals are another sign that China tech is going global.
