Renren Inc. operates a social networking service (SNS) business, a used automobile business and a SaaS business.
Our SNS enables users to connect and communicate, with each other, share photos and access mobile live streaming. Renren.com and our renren mobile application had approximately 257 million activated users as of December 31, 2017.
Our used automobile business provides car purchasers in China with access to a wide selection of used vehicles across our network, with a focus on premium brands such as Audi, BMW, Mercedes-Benz, Land Rover and Porsche. In addition, we arrange financing options for customers through Ping An Bank and other financial services partners. We also offer value-added services including warranties, insurance and after-sale products and services. Our after-sale products and services include registration, detailing, maintenance and accessories. Our used automotive sales are growing rapidly. As of March 31, 2018, we had 14 dealerships across China.
Our SaaS business began with our launch of Chime in August 2016 and it was further expanded by our acquisition of Geographic Farming, LLC, in August 2017. Chime is an all-in-one real estate solution provider and Geographic Farming is a 360° real estate marketing and media service provider. Unlike our other businesses, our SaaS business is currently focused on the U.S. market rather than the China market.
Renren is listed on the New York Stock Exchange under the ticker symbol RENN.
BEIJING, June 19, 2018 /PRNewswire/ -- Renren Inc. (NYSE: RENN) ("Renren" or the "Company"), which operates a social networking service (SNS) business, used auto business and SaaS business, today announced its unaudited financial results for the first quarter ended March 31, 2018.
First Quarter 2018 Highlights
Total net revenues were US$140.5 million, a 570% increase from the corresponding period in 2017.
-- Internet Value-Added Services (IVAS) and others net revenues were US$14.7...
BEIJING, June 15, 2018 /PRNewswire/ -- Renren Inc. (NYSE: RENN) ("Renren"), which operates a social networking service (SNS) business, used car business and SaaS business, today announced the results of the cash dividend and private placement previously announced on April 30, 2018.
Renren will pay a cash dividend of US$0.6125 per ordinary share of Renren, or US$9.1875 per ADS, to all shareholders of Renren as of 5:00 p.m. Eastern time on June 14, 2018, other than those shareholders who have ...
BEIJING, June 5, 2018 /PRNewswire/ -- Renren Inc. (NYSE: RENN) ("Renren"), which operates a social networking service (SNS) business, used auto business and SaaS business, today announced the appointment of Chris Oliver as the chief business officer of Trucker Path Inc. Renren acquired 100% of Trucker Path, a provider of a social platform for the trucking industry in the United States, in December 2017.
"We are delighted to have Chris Oliver join our management team at Renren," said Joseph Ch...
BEIJING, May 14, 2018 /PRNewswire/ -- Renren Inc. (NYSE: RENN) ("Renren"), which operates a social networking service (SNS) business, used auto business and SaaS business, today announced the filing of its annual report on Form 20-F for the year ended December 31, 2017 with the Securities and Exchange Commission (the "SEC"). The annual report on Form 20-F was filed with the SEC on May 14, 2018.
The annual report on Form 20-F, which contains the Company's audited consolidated financial sta...
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