Renren.com was sold for 60 million US dollars

Renren.com was sold for 60 million US dollars.

Chen Yizhou, chairman and CEO of Renren Company, took the shot again. The “Thirteen-year-old” Renren.com officially completed the “Easy Master”. After a series of capital moves, on November 14, Renren Company announced that Renren.com's social platform business-related assets were sold to Duo Niu Media for $20 million in cash, while Renren Company received 40 million issued by Duo Niu Media Cayman. US dollar shares.