npm install react-text-truncate

import TextTruncate from 'react-text-truncate'; // recommend
var TextTruncate = require('react-text-truncate'); // CommonJS or UMD

<TextTruncate
    line={1}
    element="span"
    truncateText="…"
    text="Lorem Ipsum is simply dummy text of the printing and typesetting industry."
    textTruncateChild={<a href="#">Read on</a>}
/>