|Post IPO Valuation|
|SoFi (Social Finance)||9/2012|
Renren.com is an online social network service that provides one of the largest interactive communication platform for Chinese users.
Embedded with functions like blogging, photo & video sharing, renren.com has built an efficient platform for users to share their daily lives and thoughts with their friends.
In Dec. 2005, xiaonei.com (later renamed to renren.com) was founded by Xing Wang and Huiwen Wang, who were college students at that time.
In Oct. 2006, xiaonei.com was acquired by China InterActive Corp, and then merged with 5Q Xiaoyuan, a subsidiary of China InterActive Corp, later in that year.
On Aug. 14, 2009, xiaonei.com was renamed to renren.com. In May 2011, renren.com was approved for listing on NASDAQ, succeeded in raising US$700,000,000.
With the number of users reaching 200 million, renren.com now has over 30% of its traffic coming from mobile devices. Renren.com owns several subsidiary companies including Kaixin Farm and Nuomi; its major competitor is kaixin001.com.