unless you have potential clients in China.
a) The obvious, Greg simply does not want a Google/Facebook/etc account.
b) Greg is from a region that does not have strong Google/Facebook/etc uptake and does not have one.
c) Greg is from a region that actually disallows those services, making your service blocked entirely.
d) Greg does not want to link his 3rd party account to your service.
Lastly if you are targeting enterprise clients: Greg is signing up to your service for a company he works for, not for himself, and there is of course no "Company Facebook Account". If his company uses Google Mail then he is in luck, but if not then there is a whole new account management process to go through. Someone will inevitably leave the company, lose the credentials, forget they ever had an account in the first place or remember they had an account but forget the new 3rd party services password instead.
Not to mention, if you are running a company, relying on a third party for such an important part of the puzzle is putting an enormous amount of trust into that third party. I know there are lots of those trust connections to take into account in any business, but if I am in the business of writing software it seems odd for me to not have the confidence and ability to manage an in house accounts system.
Of those mentioned in the answers, I think QQ would be your best bet. I have never seen anyone use Renren, but everyone seems to have a QQ number.
Another of those "everyone has it" apps is WeChat, which also provides OAuth: http://open.wechat.com/cgi-bin/newreadtemplate?t=overseas_op...
I was looking into getting my app translated, but haven't even thought about OAuth providers.
I agree that WeChat is more popular, though. Those who have both my QQ and WeChat contacts overwhelmingly go though WeChat.