Renren, Inc.

Renren, Inc.

Renren, Inc.

Overview
Date Founded

2002

Headquarters

Jing An Center,8 North Third Ring Road East,23rd floor, Chao Yang District,Beijing 100028

Type of Company

Public

Employees (Worldwide)

1,157

Industries

Internet Software & Services
Consumer Services

Company Description

Renren Inc We operate the leading real name social networking internet platform in China. Renren, which means 'Everyone' in Chinese, enables users to connect and communicate with each other, share information and user generated content, play online games, listen to music, shop for deals and enjoy a wide range of other features and services. Renren's platform includes the main social networking website renren.com, the online games center game.renren.com, the social commerce website nuomi.com, and the video sharing website, 56.com. We had approximately 172 million activated users as of September 30, 2012. We were one of the first few companies to recognize the pivotal importance of mobile internet and start transforming our Company DNA to become a mobile-centric social network services provider. From 2011 on, we have launched mobile versions of all of our principal products on every mobile operating system. Renren was the first company to offer PC and mobile cross-platform games and became the number one game publisher in Apple’s China App Store by downloads by September 2012. We have also grown into one of the largest location-based services (LBS) providers in China in terms of cumulative user-generated content containing LBS information, as well as number of partnering merchants and promotions through our LBS commercial open platform. We currently generate revenues from online advertising and internet value-added services (IVAS). Our IVAS revenues are comprised of online games revenues and other IVAS revenues, which includes VIP memberships, social commerce revenues from merchants on nuomi.com, and fees we earn from 56.com. 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 amongst our users. Renren.com continues to be the leading real name social networking service providers in China according to third party research. Our market leadership stems from our track record of innovation and pioneering role in China's social networking service industry. The Company’s SNS business started in 2005 under its prior name Xiaonei, which meant “On Campus”, synonymous to its initial roots within universities. The social network originally focused on students in elite universities but has since expanded its demographics into college-bound high school students and young professionals nationally. In 2010, we were the first in China to launch Renren Open Platform program, Renren Connect program, and Renren Desktop client application, all of which have improved the quality of our user experience and subsequently became a standard throughout the industry. We constantly look for ways to meet our user needs by offering them the most complete set of products and services possible, including group-buy, light-blogging and video-sharing services. In China, the popularity of social networking is driven by a massive addressable user base, the growing availability of internet access and favorable internet usage trends. China already has the largest internet user and mobile user populations in the world, and these user populations are forecasted to continue to grow. We believe that our real name user base, attractive demographics, openness of our platforms, and high user engagement levels on both PC and mobile are the four key strengths contributing to Renren's success and differentiating us from our competitors. Renren is listed on the New York Stock Exchange under the ticker symbol RENN.

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Executives & Employees

Founder

Executive Director

Chief Marketing Officer

Vice President, Nuomi

Vice President, Product & Engineering

Vice President, Human Resources

Vice President of Sales, CHIME Technologies

Chief Operating Officer of Kaixin Auto

Chief Executive Officer of Kaixin Auto

Chief Business Officer of Trucker Path Inc

Board of Directors

Founder at Renren, Inc.

Founder at BYD Co., Ltd.

Executive Director at Renren, Inc.

3SBio, Inc.

Chairman & Chief Executive Officer at Xinfu Ltd.

Former Chief Financial Officer at Renren, Inc.

Paths to Renren, Inc.
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Renren, Inc.
Recent Transactions
Details Hidden

Renren, Inc. purchases Trucker Path, Inc. from Wicklow Capital, Inc.

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Renren, Inc. /Management purchases Renren, Inc.

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Baidu, Baidu Holdings Ltd. purchase Nuomi Holdings, Inc. from Renren, Inc.

Transaction Advisors
Legal Advisor

Advised onRenren, Inc. issued American Depositary Shares (ADS)

Global Coordinator

Advised onRenren, Inc. issued American Depositary Shares (ADS)

Auditor

Advised onRenren, Inc. issued American Depositary Shares (ADS)

Legal Advisor

Advised onRenren, Inc. issued American Depositary Shares (ADS)

Advisors & Consultants
Advisor

Co-Founder at Doll Capital Management, Inc.

Legal Advisor

Partner, Dallas at McDermott Will & Emery LLP

Advisor

Partner at 500 Startups Management Co LLC

Key Stats and Financials As of 2018
Market Capitalization
$27.6M
Total Enterprise Value
$416M
Earnings Per Share
$-2.45
Revenue
$498M
Net Profit
$-169M
EBITDA
$-109M
EBITDAMargin
-21.85%
Total Debt
$84.9M
Total Equity
$181M
Enterprise Value Sales
0.84x
TEVNet Income
-2.46x
Debt TEV
0.2x
Three Year Compounded Annual Growth Rate Of Revenue
129.67%
Five Year Compounded Annual Growth Rate Of Revenue
25.98%
Investments
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Motif Investing, Inc. provides investing platform for customers. It offers individuals and investment advisors to invest in stock and bond portfolios built around everyday ideas and broad economic trends and even create brand-new motifs from scratch. The company was founded by Hardeep Walia in 2010 and is headquartered in San Mateo, CA.

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Sirin Labs AG operates as a holding company, which manufacturers and distributes mobile phones, smartphones, and accessories. It also develops and trades software and applications for mobile phones and smartphones. The company was founded by Kenges Khamituly Rakishev, Moshe Hogeg, and Tal Cohen on December 23, 2013 and is headquartered in Schaffhausen, Switzerland.

Investors
Details Hidden

Chairman & Chief Executive Officer at Shellanoo Group

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General Partner at TCMI, Inc.

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General Atlantic makes growth equity investments in companies with portfolio partnerships averaging over five years. The firm focuses on business services, financial services, healthcare, internet & technology and retail & consumer sectors. The firm partners with entrepreneurs who share a common vision for growing their businesses and building value over time. General Atlantic applies the following criteria in identifying attractive investment opportunities: strong market position and favorable industry structure, experienced, scalable management team with aligned incentives, sustainable competitive advantage with intellectual property and high barriers to entry and identifiable levers for value-creation.

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