Renren Inc. operates a 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 auto financing. Renren.com and our renren mobile application had approximately 240 million activated users as of December 31, 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, China, May 15, 2017 /PRNewswire/ -- Renren Inc. (NYSE: RENN) ("Renren" or the "Company"), which operates a social networking service and internet finance business in China, today announced the filing of its annual report on Form 20-F for the year ended December 31, 2016 with the Securities and Exchange Commission (the "SEC"). The annual report on Form 20-F was filed with the SEC on May 15, 2017.
The annual report on Form 20-F, which contains the Company's audited consolidated finan...
BEIJING, May 15, 2017 /PRNewswire/ -- Renren Inc. (NYSE: RENN) ("Renren" or the "Company"), which operates a social networking service and internet finance business in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2016, and the updates on proposed transactions.
Fourth Quarter 2016 Highlights
Total net revenues were US$20.3 million, a 49.8% increase from the corresponding period in 2015.
Advertising and Intern...
BEIJING, April 6, 2017 /PRNewswire/ -- Renren Inc. (NYSE: RENN) ("Renren" or the "Company"), which operates a social networking service and internet finance business in China, today announced that it sold preferred shares of Social Finance, Inc. ("SoFi") to certain investors on April 4, 2017, in connection with SoFi's most recent round of equity financing. The Company received net proceeds of $91.9 million for these shares. After this transaction, the Company still has 85.9% of its previous hold...
BEIJING, Jan. 6, 2017 /PRNewswire/ -- Renren Inc. (NYSE: RENN) ("Renren" or the "Company"), a leading real-name social networking internet platform in China, today announced that it plans to change the ratio of its American Depositary Shares ("ADSs") to its Class A ordinary shares, par value US$0.001 per share, from the current ratio of one (1) ADS to three (3) Class A ordinary shares to a new ratio of one (1) ADS to fifteen (15) Class A ordinary shares. The Company will file an amendment to its...
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