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About
Renren Inc. provides social networking service and an Internet finance business. It operates through two segments: Renren and Internet Finance. The Renren segment includes online advertising and Internet value-added services. The Internet Finance segment provides credit financing to college students. The company was founded by Chen Yi Zhou in February 2006 and is headquartered in Beijing, China. | |||
Description
Renren Inc. operates a social networking Internet platform in the People's Republic of China. The company operates Renren.com and Renren Mobile App that enable users to communicate and stay connected with friends, classmates, family members, and co-workers. It also operates Renren Fenqi, a financial service platform, which provides credit financing to college students for making purchases on e-commerce platforms; short-term financing to used car dealers; rental financing to individuals who are referred by the apartment agents; and micro cash financing to college students to fund their short-term consumption. The company was formerly known as Oak Pacific Interactive and changed its name to Renren Inc. in December 2010. Renren Inc. was founded in 2002 and is headquartered in Beijing, the People's Republic of China. |