Renren Inc. operates a leading real name social networking service (SNS) and an internet finance business in China. Our SNS enables users to connect and communicate with each other, share photos and access mobile live streaming. Our internet finance business includes primarily consumer financing and auto financing. Renren.com and our renren mobile application had approximately 236 million activated users as of June 30, 2016.
Started from university campuses in 2005, we now possess a nation-wide penetration with users across all demographics, particularly college students and young white-collar professionals. Our social networking platform serves as the foundation of our business and we aim to build a mobile-centric eco-system that embodies our user needs. As a leader in mobile social networking, we are dedicated in continuing to transform ourselves into a full-fledged mobile technology Company.
Our vision is to re-define the social networking experience and revolutionize the way people in China connect, communicate, entertain and shop. To achieve this, we are focused on providing a highly engaging and interactive platform through technology that promotes connectivity, communication and sharing. The mobile internet is making the world more connected, and Renren stands at the forefront of this evolution.
Renren is listed on the New York Stock Exchange under the ticker symbol RENN.
BEIJING, Sept. 30, 2016 /PRNewswire/ -- Renren Inc. (NYSE: RENN) ("Renren" or the "Company"), a leading real-name social networking internet platform in China, today announced that it intends to spin off a newly formed subsidiary ("SpinCo") that will hold the Company's social video platform woxiu.com and most of the Company's investments in minority stakes in privately held companies.
The spin-off is being undertaken to minimize the risk that the Company could be deemed to be an "investment ...
BEIJING, Sept. 6, 2016 /PRNewswire/ -- Renren Inc. (NYSE: RENN) ("Renren" or the "Company") announced the issuance of Leasing Asset-Backed Securitization Plan II (the "Plan") on September 1, 2016. The Plan will be traded on the Shanghai Stock Exchange. The Plan is an asset-backed security product collateralized by finance leasing of used cars.
The originator of the Plan is Shanghai Renren Finance Leasing Co., a wholly-owned subsidiary of Renren that was established in 2014 and holds the re...
BEIJING, Aug. 16, 2016 /PRNewswire/ -- Renren Inc. (NYSE: RENN) ("Renren" or the "Company"), a leading real-name social networking internet platform in China, today announced its unaudited financial results for the second quarter ended June 30, 2016.
Second Quarter 2016 Highlights
Total net revenues were US$14.4 million, a 38.5% increase from the corresponding period in 2015.
Advertising and IVAS net revenues were US$7.6 million, a 14.6% decrease from the corresponding period in 201...
BEIJING, June 8, 2016 /PRNewswire/ -- Renren Inc. (NYSE: RENN) ("Renren" or the "Company"), a leading real-name social networking internet platform in China, today announced its unaudited financial results for the first quarter ended March 31, 2016.
First Quarter 2016 Highlights
Total net revenues were US$10.8 million, a 29.2% increase from the corresponding period in 2015.
Advertising and IVAS net revenues were US$6.1 million, a 24.8% decrease from the corresponding period in 2015....
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