China’s biggest social networking site Renren.com has recently launched five new exciting products: Renren Like, Renren Places, Renren Aiting, Renren Party and an updated Public Page.

According to the company, the official launch, which took place on November 11, will serve to enhance the businesses core values of social sharing and entertainment for everyone.

Using Renren Like, users can easily share interesting content with their friends on Renren.com. When the user clicks the “like” button on a third party site, the story will appear in the user’s friend’s Renren.com News Feed.

Renren Places, meanwhile, the company’s new location-based services offering, provides a fun, fashionable and advanced check-in service for mobile users. Users can share their location, check out which friends are nearby, and get deals from nearby retail outlets. With Renren Places, users never miss another chance to connect with friends both online and off.

Their API as of yet hasn’t been updated to include the functionality for developers but its an interesting development. I’ve joined today to start checking out their growth.