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Renren Inc.
Renren Inc. is a Chicago- and Beijing-based holding company whose primary asset is a majority stake in Kaixin Auto Holdings, a Chinese used-car retailer.
Renren Inc.
Renren Inc. (NYSE: RENN) changed its name to Moatable, Inc., which was effective on June 22, 2023. Over the course of the last decade, Renren sold off its SNS business, divested its used car business, and shifted its business focus to a vertical SaaS model serving B2B customers. The Company's rebranding reflects its business model change from B2C internet to vertical B2B SaaS. The existing ticker symbol RENN was retired on June 22, 2023, with the Company thereafter traded under MTBL. Moatable Inc. incubates, acquires, and builds category-leading vertical industry SaaS businesses. The Company currently holds the majority ownership of several U.S.-based SaaS businesses including Chime Technologies, Inc. (www.chime.me) an all-in-one CRM and sales acceleration platform designed to help real estate professionals close more deals faster, Rentancy (www.rentancy.com) a service and software company that provides solutions to the property management sector, and Trucker Path, Inc. (www.truckerpath.com), a suite of applications and dispatch services that commercial truck drivers use to plan trips, navigate, and operate their business. All vertical SaaS businesses serve segments for industries with multi-million participants. American depositary shares, each currently representing 45 Class A ordinary shares of the Company, are traded on the New York Stock Exchange under the ticker symbol MTBL.
General information
Firm type
other
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Chicago
Corporate office
Chicago, IL, United States
Additional offices
Beijing, China
Frequently asked questions
What is Renren Inc.'s main investment?
Renren Inc.'s primary investment is a controlling interest in Kaixin Auto Holdings, a Nasdaq-listed used-car dealer operating in China. This stake is largely the surviving asset from Renren's pivot away from its original social-media business.
Why does Renren Inc. have dual headquarters in Chicago and Beijing?
The dual headquarters reflect the firm's historical ties to China and its current operational structure. Renren was founded as a Chinese company, and its asset Kaixin Auto Holdings operates in China, while the holding company maintains a corporate presence in Chicago, Illinois, where its registered agent is located per SEC filings.
Is Renren Inc. structured as a family office or a public company?
Renren Inc. is a publicly traded holding company listed on the Nasdaq under the ticker RENN (per Nasdaq data). It does not operate as a family office; instead, it functions as a corporate entity that holds shares in Kaixin Auto Holdings and other ventures.
Does Renren Inc. make fund investments or direct deals?
Renren Inc. does not publicly disclose fund commitments or direct deal-making beyond its majority stake in Kaixin Auto Holdings. Its investment strategy is concentrated in holding a controlling interest in a single operating company, rather than a diversified portfolio of investments or funds.
How does Renren Inc. generate returns for shareholders?
Renren Inc.'s return generation is tied to the performance of Kaixin Auto Holdings, which reports revenue from used-car sales and related services. Any proceeds would flow from dividends or capital appreciation of the Kaixin shares. The firm does not disclose a separate income stream from other investments.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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