Renren
Renren.com is an online social network service that offers an extensive interactive communication platform for Chinese users.
Launch date
Employees
Market cap
CAD38.8m
Enterprise valuation
(CAD29m) (Public information from Jun 2023)
Share price
$0.7 RENN
Beijing China (HQ)
Corporate Venture Fund: Renren Lianhe Holdings
Financials
Estimates*
| USD | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Revenues | 202m | 498m | 350m | 18.0m | 32.0m | 46.0m | 52.1m |
| % growth | 219 % | 147 % | (30 %) | (95 %) | 78 % | 44 % | 13 % |
| EBITDA | (86.0m) | (109m) | (106m) | (26.0m) | (19.0m) | (14.0m) | (8.4m) |
| % EBITDA margin | (43 %) | (22 %) | (30 %) | (144 %) | (59 %) | (30 %) | (16 %) |
| Profit | (110m) | 73.0m | (51.0m) | (19.0m) | 14.0m | (75.0m) | (9.0m) |
| % profit margin | (54 %) | 15 % | (15 %) | (106 %) | 44 % | (163 %) | (17 %) |
| EV / revenue | 3.7x | 0.3x | 0.3x | 6.0x | 9.1x | -0.3x | -0.3x |
| EV / EBITDA | -8.7x | -1.6x | -0.8x | -4.2x | -15.3x | 0.8x | 1.8x |
Source: Dealroom estimates
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | N/A | - | |
$48.0m | Late VC | ||
$430m | Growth Equity VC | ||
| N/A | $743m Valuation: $16.5b | IPO | |
| Total Funding | CAD652m | ||
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ACQUISITION by Souche Apr 2018
exited
ACQUISITION Jul 2017
ACQUISITION Dec 2017