Renren Inc. (NYSE: RENN) operates a leading real name social networking service (SNS) and an internet finance business in China. Our SNS enables users to connect and communicate with each other, share photos and access mobile live streaming. Our internet finance business includes primarily consumer financing and auto financing. Renren.com and our renren mobile application had approximately 236 million activated users as of June 30, 2016.
Our platform includes:
|Renren SNS:||Our main social networking services and the largest real name SNS in China|
|Fenqi.renren.com:||Our internet finance platform|
We aim to define social networking experience and to revolutionize the way that internet users connect, communicate, entertain and shop in China
Renren Issues Asset-Backed Securitization
Renren Inc. announced the issuance of Leasing Asset-Backed Securitization Plan II on September 1, 2016. The Plan is an asset-backed security product collateralized by finance leasing of used cars.