Investment Summary

Renren Invests In 56.com

On September 28, 2011, Renren invested in internet software and services company 56.com for 52M GBP

Investment Highlights
  • This is Renren’s 2nd transaction in the Internet Software and Services sector.
  • This is Renren’s largest (disclosed) transaction.
  • This is Renren’s 2nd transaction in China.

Investment Summary
Date 2011-09-28
Target 56.com
Sector Internet Software and Services
Investor(s) Renren
Deal Type Stake Purchase
Deal Value 52M GBP

Target

56.com

Guangzhou, China
website
56.com is a company which provides a platform for user generated online video content.

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Investor(S) 1

Investor

Renren

Beijing, China

website

Category Company
Founded 2002
Sector Internet Software and Services
Employees1,602
Revenue 82M USD (2014)
DESCRIPTION

Renren, Inc. (Formerly Oak Pacific Interactive Corp.) is an online and wireless Chinese social network and rich media community. Renren was founded in 2002 and is based in Beijing, China.

DEAL STATS #
Overall 2 of 3
Sector (Internet Software and Services) 2 of 3
Type (Stake Purchase) 2 of 2
Country (China) 2 of 2
Year (2011) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-16 eLong

Beijing, China

eLong is an online travel planning and hotel booking site in China. Users can book flights online, reserve hotels, cars and vacation packages.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-22 eLong

Beijing, China

eLong is an online travel planning and hotel booking site in China. Users can book flights online, reserve hotels, cars and vacation packages.

Sell -
Mergr

Product

Company

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