The Hopf algebra of quasisymmetric functions (QSym) has played a central role in a large class of combinatorial algebraic structures related to symmetric functions. A natural linear basis of QSym is the set of monomial quasisymmetric functions defined by compositions, that is, vectors of positive integers. Extending such a definition for weak compositions, that is, vectors of nonnegative integers, leads to divergent expressions. This difficulty was addressed by a formal regularization in a previous work with Jean-Yves Thibon and Houyi Yu. Here we apply the method of renormalization in the style of Connes and Kreimer and realize weak composition quasisymmetric functions as power series. The resulting Hopf algebra has the Hopf algebra of quasisymmetric functions as both a Hopf subalgebra and a Hopf quotient algebra. This is a joint work with Houyi Yu and Bin Zhang.