Renren.com is an online social network service that offers an extensive interactive communication platform for Chinese users. The platform has embedded functions such as blogging as well as photo and video sharing that enable users to share their daily lives and thoughts with their friends.
In December 2005, college students Xing Wang and Huiwen Wang founded renren.com as xiaonei.com. In October 2006, xiaonei.com was acquired by China InterActive and merged with 5Q Xiaoyuan, a subsidiary of China InterActive. On August 14, 2009, xiaonei.com was renamed to renren.com, and in May 2011, renren.com succeeded in raising $700 million and was approved for listing on NASDAQ.
With the number of users reaching 200 million, renren.com has over 30% of its traffic coming from mobile devices. It also owns several subsidiary companies, including Kaixin Farm and Nuomi. Its major competitor is kaixin001.com.
Funding Rounds (2) - $478MUpdate
privately owned hedge fund sponsor
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