Renren, the “Facebook of China,” has added a new friend. Chuanfu Wang, a manufacturing executive who was named BusinessWeek’s Star of Asia in 2003, will replace Ruigang Li as an independent director on the company’s board.
Wang is the founder, chairman, and CEO of BYD Company Limited, which is headquartered in Shenzhen and is one of the top three domestic manufacturers of passenger cars in China. The company also manufactures rechargeable batteries, handset components, and assembly services, supplying major cell phone manufacturers like Nokia and Motorola.
The company noted in a statement released on June 15 that Wang’s predecessor had resigned from the board for personal reasons and that “Mr. Li’s decision is not the result of any dispute or disagreement with the company or its board on any matter relating to the company’s operations, policies or practices.”
“We want to thank Mr. Ruigang Li for his valuable contribution to the company during his service as a director of the board,” said Renren CEO and chairman Joseph Chen in a statement. “Meanwhile, we are very excited to have Mr. Chuanfu Wang join us as an independent director. As a seasoned entrepreneur with deep technology and operational experience, Mr. Wang will provide invaluable expertise to our board and our company.”
His appointment follows a wave of partnerships between the social network and smartphone manufacturers on Renren-enabled devices. HTC recently released the HTC Daren, an Android phone that was specially made for the social network. Renren also partnered with Nokia on the Asha 200 series.
In this video by Chinese tech blog M.I.C. Gadget (with Chinese narration), you can see the Renren app on the HTC Daren screen.