Renren Announces Proposed Name Change to Moatable, Inc.
PHOENIX, June 8, 2023 /PRNewswire/ -- Renren Inc. (NYSE:RENN) ("Renren" or the "Company") announced today that it will change its name to Moatable, Inc., which is anticipated to become effective on June 22, 2023.
Over the course of 5~7 years, Renren sold off its SNS business, divested its used car business, and shifted its business focus to a vertical SaaS model serving BtB customers. The Company's rebranding reflects its business model's change from B2C internet to vertical B2B SaaS.
"The Moatable brand better represents who we are today, where we are going, and how we get there," said Joseph Chen, Chairman and CEO of the Company. "Moatable reflects our desire to continue incubating, acquir
