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May 05, 2015 10:31 PM ET

Internet Software and Services

Company Overview of Renren.com

Company Overview

Renren.com owns and operates a social networking portal. Additionally, the company offers online content streaming services. The company was formerly known as Xiaonei.com and changed its name to Renren.com in August 2009. The company was founded in 2005 and is based in Beijing, China. As of October 24, 2006, Renren.com operates as a subsidiary of Renren Inc.

8 Beisanhuan Donglu

Jing'an Center

25 Floor

Chaoyang District

Beijing,  100028

China

Founded in 2005

Phone:

86 10 8448 1818

Fax:

86 10 5108 5666

Key Executives for Renren.com

Renren.com does not have any Key Executives recorded.

Renren.com Key Developments

Renren.com Reports Earnings Results for the Second Quarter of 2014; Provides Revenue Guidance for the Third Quarter of 2014

Renren.com reported earnings results for the second quarter of 2014. For the quarter, the company reported net income of USD 31.3 million, compared to a net loss of USD 9.3 million in the year-ago quarter. Total net revenues amounted to USD 25 million, which represents a 42.4% decrease from the year-earlier period. The company's net revenues were USD 15.1 million, a 26.7% decrease from the corresponding period in 2013. For the third quarter of 2014, the company expects revenues of USD 19 to 21 million, representing a 48.9% to 53.8% year-on-year decline.

Renren.com Announces Earnings Results for the Fourth Quarter of 2013

Renren.com announced earnings results for the fourth quarter of 2013. The company reported a net income of USD 101.5 million for the fourth quarter, against a net loss of USD 21.1 million in the year-ago quarter. The increase was due to the USD 132.7 million gain from the deconsolidation of subsidiaries. Revenues totalled USD 30.7 million, down 29.1% year-on-year and net revenues fell 13.7% to USD 15.1 million. Net revenues include USD 10.2 million online advertising revenues, down 17.9% due to increasing competition and the continuing migration of traffic from PC to mobile.

Renren.com Reports Revenue Results for the Third Quarter Ended September 30, 2013

Renren.com reported revenue results for the third quarter ended September 30, 2013. For the quarter, the company reported that net operating revenue was USD 41.1 million, declining 9.9%.

Recent Private Companies Transactions

Type
Date
Target
Private Placement
December 29, 2014
Trucker Path, Inc.
 

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