Sina Tech, 3/27/13
He Chuan, senior vice president of Beijing-based social networking site operator Renren (NYSE: RENN) and head of the company's gaming division, said on March 27 that Renren Games will increase the scale of its Android game development efforts this year. Renren Games will also step up its efforts to license games, and will make licensed games another major source of revenues for the company.
Renren Games currently employs around 700 people, with subsidiary organizations in North America, Japan, and South Korea, and engages in custom development partnerships, joint development, and joint operation of games.
In 2012, Renren saw USD 90.2 mln in revenues from online games, up 113% over 2011.