Marbridge Daily

<- November 11, 2011 ->

Renren to Promote Real Name SNS Development

DoNews, 11/11/11

Joseph Chen, CEO of Beijing-based social networking site operator Renren (NYSE: RENN), revealed during the company's Q3 2011 earnings call that Renren will continue to promote the development of real name SNS, and will continue to invest in user-generated content (UGC) and its mobile open platform.

Chen added that monthly active users on Renren's recently acquired online video platform 56.com ranged between 50-60 mln, while daily active users were between 12-13 mln. An average of 25,000-30,000 videos are added to the site each day, the majority of which are UGC.

 
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